Liberty Energy Inc. (NYSE:LBRT) CFO Sells $105,050.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $21.01, for a total transaction of $105,050.00. Following the completion of the transaction, the chief financial officer now directly owns 745,207 shares in the company, valued at $15,656,799.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 shares were sold at an average price of $20.01, for a total transaction of $300,150.00.
• On Thursday, August 1st, Michael Stock sold 20,000 shares of Liberty Energy stock. The stock was 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 shares were sold at an average price of $21.01, for a total value 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 value of $325,333.32.

Liberty Energy Stock Up 2.7 %

NYSE:LBRT traded up $0.55 during trading hours on Thursday, reaching $21.07. The company’s stock had a trading volume of 1,242,286 shares, compared to its average volume of 2,509,214. The business’s 50-day moving average is $20.79 and its 200-day 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 one year low of $16.33 and a one year high of $24.75. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 7.69, a price-to-earnings-growth ratio of 1.11 and a beta of 1.69.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Wednesday, July 17th. The company reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Liberty Energy had a return on equity of 22.85% and a net margin of 9.53%. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the business posted $0.87 earnings per share. Liberty Energy’s quarterly revenue was down 2.9% on a year-over-year basis. Equities research analysts predict that Liberty Energy Inc. will post 2.17 EPS for the current year.

Liberty Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, September 6th. Liberty Energy’s dividend payout ratio (DPR) is presently 10.22%.

Wall Street Analyst Weigh In

LBRT has been the topic of several research reports. TD Cowen reduced their price target on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a research report on Friday, July 19th. Citigroup raised Liberty Energy from a “neutral” rating to a “buy” rating and boosted their target price for the company from $24.00 to $32.00 in a report on Wednesday, May 29th. Barclays reduced their target price on shares of Liberty Energy from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd. Bank of America cut 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. Finally, Piper Sandler cut their target price on Liberty Energy from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, July 15th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $24.78.

Hedge Funds Weigh In On Liberty Energy

Several large investors have recently bought and sold shares of the business. Diversified Trust Co boosted its holdings in shares of Liberty Energy by 2.5% in the first quarter. Diversified Trust Co now owns 20,617 shares of the company’s stock valued at $427,000 after buying an additional 507 shares during the period. Envestnet Portfolio Solutions Inc. raised its position in Liberty Energy by 4.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,262 shares of the company’s stock worth $296,000 after acquiring an additional 543 shares in the last quarter. Perigon Wealth Management LLC grew its holdings in Liberty Energy by 2.4% during the first quarter. Perigon Wealth Management LLC now owns 24,815 shares of the company’s stock worth $514,000 after purchasing an additional 571 shares during the period. Andina Capital Management LLC increased its holdings in shares of Liberty Energy by 3.9% during the 2nd quarter. Andina Capital Management LLC now owns 18,599 shares of the company’s stock worth $389,000 after acquiring an additional 691 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings 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 last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

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.