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

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 3,333 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $20.00, for a total transaction of $66,660.00. Following the transaction, the chief financial officer owned 753,713 shares of the company’s stock, valued at $15,074,260. This trade represents a 0.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 1st, Michael Stock sold 3,333 shares of Liberty Energy stock. The shares were sold at an average price of $18.17, for a total transaction of $60,560.61.
• On Tuesday, September 1st, Michael Stock sold 6,666 shares of Liberty Energy stock. The stock was sold at an average price of $19.84, for a total value of $132,253.44.
• On Monday, August 3rd, Michael Stock sold 3,333 shares of Liberty Energy stock. The shares were sold at an average price of $17.95, for a total transaction of $59,827.35.

Liberty Energy Price Performance

Shares of LBRT stock opened at $18.82 on Friday. Liberty Energy Inc. has a twelve month low of $11.52 and a twelve month high of $34.48. The stock has a fifty day simple moving average of $19.75 and a two-hundred day simple moving average of $25.08. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 25.44, a P/E/G ratio of 3.28 and a beta of 0.71. The company has a current ratio of 1.99, a quick ratio of 1.75 and a debt-to-equity ratio of 0.74.

Liberty Energy (NYSE:LBRT) last announced its quarterly 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 return on equity of 1.14% and a net margin of 2.92%.The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $0.12 EPS. The business’s revenue was up 14.0% compared to the same quarter last year. On average, analysts predict that Liberty Energy Inc. will post 0.3 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, September 4th. Liberty Energy’s dividend payout ratio is presently 48.65%.

Institutional Investors Weigh In On Liberty Energy

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP raised its holdings in Liberty Energy by 4.9% during the first quarter. Dimensional Fund Advisors LP now owns 9,233,668 shares of the company’s stock worth $265,931,000 after purchasing an additional 431,269 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Liberty Energy by 901.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,431,125 shares of the company’s stock valued at $127,616,000 after buying an additional 3,988,535 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in Liberty Energy during the 2nd quarter worth $61,185,000. Eventide Asset Management LLC acquired a new stake in Liberty Energy during the 4th quarter worth $36,394,000. Finally, Sei Investments Co. lifted its position in Liberty Energy by 54.3% in the first quarter. Sei Investments Co. now owns 983,706 shares of the company’s stock valued at $28,331,000 after acquiring an additional 346,239 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on LBRT. Wall Street Zen lowered shares of Liberty Energy from a “hold” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings downgraded Liberty Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, September 18th. Piper Sandler decreased their target price on shares of Liberty Energy from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, August 27th. UBS Group lowered their price target on Liberty Energy from $35.00 to $31.00 and set a “buy” rating for the company in a report on Wednesday, September 30th. Finally, Morgan Stanley set a $32.00 target price on shares of Liberty Energy in a report on Friday, July 24th. Eight investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.54.

Liberty Energy Company Profile

Liberty Energy Inc is an oilfield services company that provides hydraulic fracturing and related completion services to exploration and production companies. Its operations support the development of unconventional oil and natural gas wells, primarily in North America.

The company’s services and technologies include pressure pumping, well stimulation, wireline services, proppant and logistics solutions, and digital tools designed to improve completion performance and operational efficiency.