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 the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $21.01, for a total value of $105,050.00. Following the sale, the chief financial officer now directly owns 745,207 shares of the company’s stock, valued at $15,656,799.07. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Tuesday, September 3rd, Michael Stock sold 15,000 shares of Liberty Energy stock. The stock was sold at an average price of $20.01, for a total value of $300,150.00.
• On Thursday, August 1st, Michael Stock sold 20,000 shares of Liberty Energy stock. The shares were sold at an average price of $22.92, for a total value of $458,400.00.
• On Thursday, July 11th, Michael Stock sold 4,374 shares of Liberty Energy stock. The stock was sold at an average price of $21.01, for a total transaction of $91,897.74.
• On Monday, July 1st, Michael Stock sold 15,626 shares of Liberty Energy stock. The stock was sold at an average price of $20.82, for a total transaction of $325,333.32.

Liberty Energy Stock Down 0.7 %

Liberty Energy stock opened at $20.94 on Friday. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of 7.64, a PEG ratio of 1.11 and a beta of 1.69. The company’s 50 day simple moving average is $20.79 and its 200 day simple moving average is $21.45. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 1.07. Liberty Energy Inc. has a fifty-two week low of $16.33 and a fifty-two week high of $24.75.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, July 17th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Liberty Energy had a net margin of 9.53% and a return on equity of 22.85%. The firm’s revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.87 EPS. As a group, sell-side analysts anticipate that Liberty Energy Inc. will post 2.17 EPS for the current year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 20th. Shareholders of record on Friday, September 6th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.34%. Liberty Energy’s dividend payout ratio (DPR) is currently 10.22%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Bank of America dropped their price objective on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. TD Cowen dropped their target price on Liberty Energy from $21.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Citigroup upgraded Liberty Energy from a “neutral” rating to a “buy” rating and raised their price target for the company from $24.00 to $32.00 in a report on Wednesday, May 29th. Barclays dropped their price objective on Liberty Energy from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd. Finally, Piper Sandler reduced their target price on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $24.78.

Hedge Funds Weigh In On Liberty Energy

Several institutional investors have recently modified their holdings of the business. EdgeRock Capital LLC bought a new stake in Liberty Energy during the 2nd quarter worth approximately $32,000. GAMMA Investing LLC increased its position in shares of Liberty Energy by 69.2% during the second quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock worth $36,000 after acquiring an additional 713 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Liberty Energy during the fourth quarter worth $39,000. nVerses Capital LLC lifted its position in 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 acquiring an additional 900 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Liberty Energy by 70.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,909 shares of the company’s stock worth $53,000 after purchasing an additional 1,206 shares during the period. 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.