Michael Stock Sells 3,333 Shares of Liberty Energy (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 3,333 shares of Liberty Energy stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $31.00, for a total transaction of $103,323.00. Following the transaction, the chief financial officer directly owned 783,710 shares in the company, valued at $24,295,010. The trade was a 0.42% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, Michael Stock sold 13,332 shares of Liberty Energy stock. The stock was sold at an average price of $29.46, for a total transaction of $392,760.72.
• On Wednesday, May 20th, Michael Stock sold 19,998 shares of Liberty Energy stock. The stock was sold at an average price of $33.48, for a total transaction of $669,533.04.

Liberty Energy Stock Down 0.4%

Liberty Energy stock opened at $31.14 on Thursday. The company’s 50 day simple moving average is $30.45 and its 200 day simple moving average is $25.24. Liberty Energy Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $34.48. The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 34.21, a PEG ratio of 9.34 and a beta of 0.51. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.97.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.19. Liberty Energy had a net margin of 3.71% and a return on equity of 1.41%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $954.71 million. During the same quarter last year, the firm earned $0.04 EPS. Liberty Energy’s quarterly revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Liberty Energy Inc. will post 0.07 EPS for the current year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.36 annualized dividend and a yield of 1.2%. Liberty Energy’s dividend payout ratio (DPR) is presently 39.56%.

Analysts Set New Price Targets

Several research analysts recently weighed in on LBRT shares. Morgan Stanley set a $36.00 price objective on shares of Liberty Energy in a research note on Monday, April 27th. Piper Sandler lifted their price target on shares of Liberty Energy from $32.00 to $38.00 and gave the company an “overweight” rating in a research note on Monday, April 27th. Stifel Nicolaus lifted their price target on shares of Liberty Energy from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Wall Street Zen raised shares of Liberty Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, Citigroup lifted their price target on shares of Liberty Energy from $21.00 to $32.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Seven analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, Liberty Energy has a consensus rating of “Moderate Buy” and an average target price of $30.50.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System lifted its stake in Liberty Energy by 5.7% in the first quarter. California State Teachers Retirement System now owns 187,592 shares of the company’s stock valued at $5,403,000 after buying an additional 10,194 shares in the last quarter. Quantinno Capital Management LP lifted its stake in Liberty Energy by 43.6% in the first quarter. Quantinno Capital Management LP now owns 16,327 shares of the company’s stock valued at $470,000 after buying an additional 4,955 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Liberty Energy by 6.3% in the first quarter. Lazard Asset Management LLC now owns 16,462 shares of the company’s stock valued at $474,000 after buying an additional 969 shares in the last quarter. Castleark Management LLC bought a new stake in shares of Liberty Energy in the first quarter worth $7,626,000. Finally, Compound Planning Inc. bought a new stake in shares of Liberty Energy in the first quarter worth $547,000. Institutional investors own 98.22% of the company’s stock.

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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.