Michael Stock Sells 15,626 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 15,626 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were sold at an average price of $20.82, for a total value of $325,333.32. Following the completion of the transaction, the chief financial officer now owns 789,581 shares of the company’s stock, valued at approximately $16,439,076.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, June 3rd, Michael Stock sold 20,000 shares of Liberty Energy stock. The stock was sold at an average price of $24.32, for a total value of $486,400.00.
• On Wednesday, May 1st, Michael Stock sold 20,000 shares of Liberty Energy stock. The stock was sold at an average price of $21.83, for a total value of $436,600.00.

Liberty Energy Stock Performance

Shares of NYSE LBRT traded up $0.63 during trading on Wednesday, reaching $20.89. The stock had a trading volume of 1,631,557 shares, compared to its average volume of 2,716,257. Liberty Energy Inc. has a one year low of $13.36 and a one year high of $24.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.16 and a current ratio of 1.48. The stock has a market cap of $3.48 billion, a PE ratio of 7.62, a P/E/G ratio of 1.06 and a beta of 1.74. The firm’s 50 day moving average price is $22.25 and its two-hundred day moving average price is $20.83.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Thursday, April 18th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.06). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. Liberty Energy’s quarterly revenue was down 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 earnings per share. On average, research analysts forecast that Liberty Energy Inc. will post 2.43 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.28 dividend on an annualized basis and a yield of 1.34%. Liberty Energy’s dividend payout ratio (DPR) is presently 10.22%.

Analyst Ratings Changes

LBRT has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Liberty Energy from $24.00 to $26.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Royal Bank of Canada lifted their price objective on Liberty Energy from $25.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, April 19th. Bank of America lifted their price objective on Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, April 15th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.00 price objective on shares of Liberty Energy in a research note on Monday, April 22nd. Finally, TD Cowen boosted their price target on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $25.50.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LBRT. Pacer Advisors Inc. boosted its position in Liberty Energy by 93.9% during the 4th quarter. Pacer Advisors Inc. now owns 4,587,073 shares of the company’s stock worth $83,210,000 after acquiring an additional 2,221,588 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Liberty Energy in the first quarter valued at $27,809,000. Hennessy Advisors Inc. acquired a new stake in shares of Liberty Energy in the fourth quarter valued at $21,278,000. Vanguard Group Inc. lifted its holdings in shares of Liberty Energy by 4.5% in the third quarter. Vanguard Group Inc. now owns 20,546,529 shares of the company’s stock valued at $380,522,000 after buying an additional 893,563 shares during the period. Finally, Norges Bank acquired a new stake in shares of Liberty Energy in the fourth quarter valued at $13,877,000. Institutional investors and hedge funds 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.