Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock Sells 15,000 Shares

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $19.23, for a total value of $288,450.00. Following the completion of the sale, the chief financial officer now directly owns 730,207 shares in the company, valued at approximately $14,041,880.61. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

• On Wednesday, September 18th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $21.01, for a total value of $105,050.00.
• 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 transaction 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.

Liberty Energy Stock Performance

NYSE:LBRT opened at $20.49 on Friday. The company has a 50-day moving average of $20.47 and a 200-day moving average of $21.38. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 1.24 and a beta of 1.68. The company has a current ratio of 1.35, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17. Liberty Energy Inc. has a twelve month low of $16.33 and a twelve month high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, July 17th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $1.16 billion during the quarter, compared to analysts’ expectations 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 for the quarter was down 2.9% compared to the same quarter last year. During the same period last year, the firm posted $0.87 earnings per share. Analysts forecast that Liberty Energy Inc. will post 2.18 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Friday, September 6th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, September 6th. Liberty Energy’s dividend payout ratio (DPR) is presently 10.22%.

Hedge Funds Weigh In On Liberty Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Park Avenue Securities LLC lifted its stake in Liberty Energy by 10.8% during the third quarter. Park Avenue Securities LLC now owns 28,277 shares of the company’s stock valued at $540,000 after buying an additional 2,756 shares in the last quarter. Clifford Capital Partners LLC lifted its position in shares of Liberty Energy by 19.0% in the 2nd quarter. Clifford Capital Partners LLC now owns 649,748 shares of the company’s stock valued at $13,573,000 after acquiring an additional 103,855 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Liberty Energy in the 2nd quarter worth approximately $642,000. Maven Securities LTD acquired a new position in Liberty Energy in the 2nd quarter worth approximately $251,000. Finally, Cetera Investment Advisers grew its position in Liberty Energy by 6.3% during the 2nd quarter. Cetera Investment Advisers now owns 52,948 shares of the company’s stock worth $1,106,000 after purchasing an additional 3,132 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler reduced their price objective on Liberty Energy from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Monday, July 15th. Bank of America reduced their price target on Liberty Energy from $24.00 to $22.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Barclays lowered their price target on Liberty Energy from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Tuesday, July 23rd. TD Cowen reduced their price objective on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating for the company in a report on Friday, July 19th. Finally, Citigroup lowered their target price on shares of Liberty Energy from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Liberty Energy has a consensus rating of “Moderate Buy” and a consensus price target of $24.00.

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.