Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock Sells 5,000 Shares

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $19.51, for a total transaction of $97,550.00. Following the completion of the sale, the chief financial officer now owns 700,207 shares of the company’s stock, valued at $13,661,038.57. This trade represents a 0.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Michael Stock also recently made the following trade(s):

• On Monday, December 2nd, Michael Stock sold 10,000 shares of Liberty Energy stock. The shares were sold at an average price of $18.49, for a total transaction of $184,900.00.
• On Wednesday, November 6th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $18.45, for a total transaction of $92,250.00.
• On Friday, November 1st, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $17.21, for a total value of $86,050.00.
• On Tuesday, October 1st, Michael Stock sold 15,000 shares of Liberty Energy stock. The shares were sold at an average price of $19.23, for a total value of $288,450.00.

Liberty Energy Price Performance

Shares of LBRT stock opened at $19.89 on Thursday. Liberty Energy Inc. has a 12 month low of $16.57 and a 12 month high of $24.75. The company has a market capitalization of $3.25 billion, a P/E ratio of 9.47 and a beta of 1.71. The stock has a 50 day moving average of $18.20 and a two-hundred day moving average of $19.63. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.10). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.85 earnings per share. As a group, equities analysts expect that Liberty Energy Inc. will post 1.72 EPS for the current year.

Liberty Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.08 dividend. This represents a $0.32 annualized dividend and a yield of 1.61%. The ex-dividend date was Friday, December 6th. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.07. Liberty Energy’s dividend payout ratio is 15.24%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LBRT. Covestor Ltd raised its holdings in shares of Liberty Energy by 96.8% in the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after buying an additional 838 shares in the last quarter. Quarry LP raised its stake in Liberty Energy by 237.5% during the third quarter. Quarry LP now owns 1,991 shares of the company’s stock worth $38,000 after acquiring an additional 1,401 shares in the last quarter. nVerses Capital LLC boosted its stake in shares of Liberty Energy by 45.0% in the 2nd quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after purchasing an additional 900 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Liberty Energy by 82.1% in the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock worth $61,000 after purchasing an additional 1,431 shares during the last quarter. Finally, US Bancorp DE increased its position in shares of Liberty Energy by 93.2% during the 3rd quarter. US Bancorp DE now owns 4,180 shares of the company’s stock worth $80,000 after purchasing an additional 2,016 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

LBRT has been the topic of several analyst reports. Stifel Nicolaus lowered their price target on Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Wells Fargo & Company dropped their target price on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Barclays dropped their price objective on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Finally, Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $22.50.

Liberty Energy Company Profile

Liberty Energy Inc provides hydraulic services and related technologies to onshore oil and natural gas exploration, and production companies in North America. The company offers hydraulic fracturing services, including complementary services, such as wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods comprising sand mine operations, and technologies; and well site fueling and logistics.