Michael Stock Sells 20,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $21.83, for a total value of $436,600.00. Following the completion of the sale, the chief financial officer now directly owns 825,209 shares of the company’s stock, valued at $18,014,312.47. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

• On Monday, April 1st, Michael Stock sold 20,000 shares of Liberty Energy stock. The shares were sold at an average price of $20.87, for a total value of $417,400.00.

Liberty Energy Stock Performance

Liberty Energy stock opened at $21.05 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.48. The stock has a fifty day moving average of $21.53 and a two-hundred day moving average of $19.96. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 7.68, a PEG ratio of 1.11 and a beta of 1.83. Liberty Energy Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $23.31.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Thursday, April 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The business’s quarterly revenue was down 12.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.90 EPS. On average, analysts anticipate that Liberty Energy Inc. will post 2.52 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, June 5th. Liberty Energy’s payout ratio is 10.22%.

Analyst Upgrades and Downgrades

LBRT has been the subject of several recent analyst reports. TD Cowen raised their price target on Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a report on Friday, April 19th. Morgan Stanley reissued an “equal weight” rating and issued a $24.00 price target on shares of Liberty Energy in a report on Monday, April 22nd. Bank of America raised their price target on Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, April 15th. Royal Bank of Canada raised their price target on Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, April 19th. Finally, Wells Fargo & Company lifted their price objective on Liberty Energy from $24.00 to $26.00 and gave the stock an “overweight” rating in a report on Friday, April 19th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Liberty Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $24.30.

Hedge Funds Weigh In On Liberty Energy

Hedge funds have recently bought and sold shares of the stock. EdgeRock Capital LLC purchased a new stake in shares of Liberty Energy in the fourth quarter valued at $27,000. Principal Securities Inc. purchased a new stake in shares of Liberty Energy in the fourth quarter valued at $39,000. Quadrant Capital Group LLC grew its position in shares of Liberty Energy by 70.8% in the fourth quarter. Quadrant Capital Group LLC now owns 2,909 shares of the company’s stock valued at $53,000 after purchasing an additional 1,206 shares during the period. CWM LLC grew its position in shares of Liberty Energy by 59.7% in the third quarter. CWM LLC now owns 3,166 shares of the company’s stock valued at $59,000 after purchasing an additional 1,183 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Liberty Energy by 27.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock valued at $59,000 after purchasing an additional 709 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

About Liberty Energy

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.