Insider Selling: Liberty Energy Inc. (NYSE:LBRT) CFO Sells 20,000 Shares of Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $22.92, for a total value of $458,400.00. Following the transaction, the chief financial officer now owns 765,207 shares in the company, valued at approximately $17,538,544.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

• 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 shares were sold at an average price of $20.82, for a total value of $325,333.32.
• On Monday, June 3rd, Michael Stock sold 20,000 shares of Liberty Energy stock. The shares were sold at an average price of $24.32, for a total transaction of $486,400.00.

Liberty Energy Stock Down 6.6 %

LBRT stock opened at $21.32 on Friday. The business has a 50 day moving average of $21.76 and a 200 day moving average of $21.36. The firm has a market cap of $3.52 billion, a PE ratio of 7.78, a price-to-earnings-growth ratio of 1.33 and a beta of 1.74. Liberty Energy Inc. has a twelve month low of $15.57 and a twelve month high of $24.75. The company has a quick ratio of 1.07, a current ratio of 1.35 and a debt-to-equity ratio of 0.17.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Wednesday, July 17th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. Liberty Energy had a return on equity of 22.85% and a net margin of 9.53%. The company’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the company earned $0.87 earnings per share. On average, research analysts forecast that Liberty Energy Inc. will post 2.19 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.07 dividend. The ex-dividend date is Friday, September 6th. This represents a $0.28 annualized dividend and a dividend yield of 1.31%. Liberty Energy’s dividend payout ratio is presently 10.22%.

Analyst Upgrades and Downgrades

LBRT has been the subject of several research analyst reports. Bank of America dropped their target price 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 lowered 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. Barclays reduced their target price on Liberty Energy from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Tuesday, July 23rd. Piper Sandler lowered 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. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.00 price target on shares of Liberty Energy in a research note on Monday, April 22nd. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $24.78.

Institutional Investors Weigh In On Liberty Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. EdgeRock Capital LLC purchased a new stake in Liberty Energy during the 4th quarter valued at $27,000. GAMMA Investing LLC lifted its holdings 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 valued at $36,000 after purchasing an additional 713 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Liberty Energy during the fourth quarter valued at $39,000. Quadrant Capital Group LLC increased its holdings 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 buying an additional 1,206 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Liberty Energy by 27.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock worth $59,000 after buying an additional 709 shares during the last quarter. 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.