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

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 sale, the chief financial officer now owns 700,207 shares in the company, valued at $13,661,038.57. This represents a 0.71 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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 Trading Up 1.1 %

Shares of NYSE LBRT opened at $19.89 on Wednesday. Liberty Energy Inc. has a 12-month low of $16.57 and a 12-month high of $24.75. The company has a market cap of $3.25 billion, a price-to-earnings ratio of 9.47 and a beta of 1.71. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock’s 50 day simple moving average is $18.14 and its 200 day simple moving average is $19.63.

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

Liberty Energy Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LBRT. Barclays cut their target price on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Stifel Nicolaus cut their price target on shares of Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Evercore ISI raised shares of Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Citigroup lowered shares of Liberty Energy from a “buy” rating to a “neutral” rating and cut their target price for the company from $25.00 to $19.00 in a research note on Friday, October 18th. Finally, Wells Fargo & Company decreased their price target on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Institutional Investors Weigh In On Liberty Energy

A number of hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its position in Liberty Energy by 61.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after acquiring an additional 1,193,918 shares during the period. Principal Financial Group Inc. raised its stake in shares of Liberty Energy by 4.5% during the third quarter. Principal Financial Group Inc. now owns 872,215 shares of the company’s stock valued at $16,651,000 after purchasing an additional 37,927 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Liberty Energy by 2.4% during the third quarter. Franklin Resources Inc. now owns 2,631,360 shares of the company’s stock valued at $53,706,000 after purchasing an additional 61,909 shares in the last quarter. Tidal Investments LLC lifted its holdings in Liberty Energy by 14.6% in the third quarter. Tidal Investments LLC now owns 14,299 shares of the company’s stock worth $273,000 after purchasing an additional 1,817 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in Liberty Energy during the 3rd quarter valued at about $403,000. 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.