Liberty Energy (NYSE:LBRT) CFO Michael Stock Sells 3,333 Shares

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 3,333 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $17.95, for a total value of $59,827.35. Following the completion of the sale, the chief financial officer directly owned 770,378 shares of the company’s stock, valued at approximately $13,828,285.10. The trade was a 0.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, Michael Stock sold 9,999 shares of Liberty Energy stock. The stock was sold at an average price of $25.89, for a total transaction of $258,874.11.
• On Monday, June 1st, Michael Stock sold 13,332 shares of Liberty Energy stock. The stock was sold at an average price of $29.46, for a total transaction of $392,760.72.
• On Tuesday, June 2nd, Michael Stock sold 3,333 shares of Liberty Energy stock. The stock was sold at an average price of $31.00, for a total transaction of $103,323.00.
• On Wednesday, May 20th, Michael Stock sold 19,998 shares of Liberty Energy stock. The shares were sold at an average price of $33.48, for a total transaction of $669,533.04.

Liberty Energy Stock Performance

Shares of LBRT opened at $19.88 on Wednesday. The company has a market cap of $3.24 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 3.62 and a beta of 0.60. The firm has a 50-day moving average of $25.20 and a 200-day moving average of $27.14. Liberty Energy Inc. has a one year low of $9.90 and a one year high of $34.48. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.99 and a quick ratio of 1.75.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, July 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Liberty Energy had a net margin of 2.92% and a return on equity of 1.14%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the firm earned $0.12 EPS. Liberty Energy’s quarterly revenue was up 14.0% compared to the same quarter last year. As a group, equities analysts forecast that Liberty Energy Inc. will post 0.25 earnings per share for the current year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Friday, September 4th. Liberty Energy’s payout ratio is 48.65%.

Hedge Funds Weigh In On Liberty Energy

Institutional investors and hedge funds have recently made changes to their positions in the company. Root Financial Partners LLC lifted its holdings in Liberty Energy by 79.6% during the 1st quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after purchasing an additional 405 shares during the last quarter. Valued Wealth Advisors LLC acquired a new position in Liberty Energy in the 1st quarter valued at $26,000. Summit Securities Group LLC acquired a new position in Liberty Energy in the 1st quarter valued at $28,000. Los Angeles Capital Management LLC bought a new position in Liberty Energy during the 4th quarter worth $29,000. Finally, Kelleher Financial Advisors bought a new position in Liberty Energy during the 3rd quarter worth $29,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LBRT. Zacks Research cut Liberty Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Wall Street Zen cut Liberty Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Royal Bank Of Canada cut their price target on Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, July 24th. Barclays lifted their price objective on shares of Liberty Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Finally, Morgan Stanley set a $32.00 price objective on shares of Liberty Energy in a report on Friday, July 24th. Seven analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $31.09.

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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.