Liberty Energy Inc. (NYSE:LBRT) CFO Sells $458,400.00 in Stock

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

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 transaction 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 stock was sold at an average price of $24.32, for a total value of $486,400.00.

Liberty Energy Price Performance

LBRT stock traded down $1.32 during midday trading on Thursday, reaching $22.83. 2,038,159 shares of the company’s stock traded hands, compared to its average volume of 2,700,418. The company has a 50-day simple moving average of $21.81 and a two-hundred day simple moving average of $21.32. 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 Inc. has a 1-year low of $15.57 and a 1-year high of $24.75. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 8.27, a PEG ratio of 1.38 and a beta of 1.74.

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

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, September 6th will be given a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Friday, September 6th. Liberty Energy’s dividend payout ratio (DPR) is presently 10.22%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on LBRT. Morgan Stanley reaffirmed an “equal weight” rating and issued a $24.00 target price on shares of Liberty Energy in a research report on Monday, April 22nd. Piper Sandler decreased their target price on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Wells Fargo & Company increased their price target on shares of Liberty Energy from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, April 19th. Barclays decreased their price objective on Liberty Energy from $27.00 to $26.00 and set an “overweight” rating on the stock in a report on Tuesday, July 23rd. Finally, Citigroup raised Liberty Energy from a “neutral” rating to a “buy” rating and increased their target price for the stock from $24.00 to $32.00 in a report on Wednesday, May 29th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $24.78.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Lord Abbett & CO. LLC bought a new position in Liberty Energy in the first quarter valued at approximately $27,809,000. Hennessy Advisors Inc. bought a new stake in Liberty Energy in the fourth quarter valued at about $21,278,000. Norges Bank acquired a new position in Liberty Energy in the fourth quarter valued at about $13,877,000. LSV Asset Management boosted its holdings in Liberty Energy by 522.2% during the fourth quarter. LSV Asset Management now owns 897,180 shares of the company’s stock worth $16,275,000 after buying an additional 752,980 shares during the last quarter. Finally, Federated Hermes Inc. boosted its holdings in Liberty Energy by 518.7% during the fourth quarter. Federated Hermes Inc. now owns 719,851 shares of the company’s stock worth $13,058,000 after buying an additional 603,496 shares during the last quarter. 98.22% of the stock is currently owned by institutional investors.

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.