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

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total transaction of $416,400.00. Following the completion of the sale, the chief financial officer now owns 680,207 shares in the company, valued at $14,161,909.74. This represents a 2.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

• On Monday, December 30th, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were sold at an average price of $19.51, for a total value of $97,550.00.
• On Monday, December 2nd, Michael Stock sold 10,000 shares of Liberty Energy stock. The stock was sold at an average price of $18.49, for a total value of $184,900.00.
• On Wednesday, November 6th, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were sold at an average price of $18.45, for a total value of $92,250.00.
• On Friday, November 1st, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were sold at an average price of $17.21, for a total value of $86,050.00.

Liberty Energy Price Performance

NYSE:LBRT traded up $0.18 on Friday, reaching $20.89. 2,815,756 shares of the company’s stock traded hands, compared to its average volume of 2,845,578. The stock has a 50-day simple moving average of $18.32 and a 200-day simple moving average of $19.64. Liberty Energy Inc. has a 12 month low of $16.57 and a 12 month high of $24.75. The firm has a market cap of $3.41 billion, a PE ratio of 9.95 and a beta of 1.71. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.10). Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted $0.85 EPS. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities research analysts forecast that Liberty Energy Inc. will post 1.72 earnings per share for the current year.

Liberty Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.08 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.53%. This is a boost from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Friday, December 6th. Liberty Energy’s payout ratio is 15.24%.

Institutional Investors Weigh In On Liberty Energy

A number of hedge funds have recently made changes to their positions in LBRT. Covestor Ltd lifted its position in Liberty Energy by 96.8% during the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after purchasing an additional 838 shares during the last quarter. Quarry LP raised its position in shares of Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after buying an additional 1,401 shares in the last quarter. nVerses Capital LLC lifted its holdings in shares of Liberty Energy by 45.0% in the 2nd quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after acquiring an additional 900 shares during the last quarter. GAMMA Investing LLC grew its position in Liberty Energy by 82.1% in the third quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock worth $61,000 after acquiring an additional 1,431 shares in the last quarter. Finally, US Bancorp DE increased its stake in Liberty Energy by 93.2% during the third quarter. US Bancorp DE now owns 4,180 shares of the company’s stock worth $80,000 after acquiring an additional 2,016 shares during the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on LBRT shares. Stifel Nicolaus dropped their price objective on shares of Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Wells Fargo & Company dropped their price target on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. The Goldman Sachs Group began coverage on Liberty Energy in a research note on Friday, December 13th. They issued a “neutral” rating and a $19.00 price objective for the company. Barclays lowered their target price on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 16th. Finally, Evercore ISI raised Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.50.

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.