Insider Selling: Liberty Energy Inc. (NYSE:LBRT) CFO Sells $105,050.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 5,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $21.01, for a total transaction of $105,050.00. Following the sale, the chief financial officer now directly owns 745,207 shares of the company’s stock, valued at approximately $15,656,799.07. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, September 3rd, Michael Stock sold 15,000 shares of Liberty Energy stock. The shares were sold at an average price of $20.01, for a total transaction of $300,150.00.
• On Thursday, August 1st, Michael Stock sold 20,000 shares of Liberty Energy stock. The stock was sold at an average price of $22.92, for a total transaction of $458,400.00.
• On Thursday, July 11th, Michael Stock sold 4,374 shares of Liberty Energy stock. The stock was sold at an average price of $21.01, for a total value 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.

Liberty Energy Stock Down 0.8 %

Shares of NYSE LBRT opened at $20.92 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 1.07. The company has a 50-day moving average price of $20.79 and a 200-day moving average price of $21.45. The stock has a market capitalization of $3.49 billion, a P/E ratio of 7.64, a P/E/G ratio of 1.11 and a beta of 1.69. Liberty Energy Inc. has a 1 year low of $16.33 and a 1 year high of $24.75.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, July 17th. The company reported $0.61 earnings per share (EPS) 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 business had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter in the previous year, the business earned $0.87 EPS. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities research analysts forecast that Liberty Energy Inc. will post 2.17 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were given a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, September 6th. Liberty Energy’s payout ratio is currently 10.22%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LBRT. Barclays lowered their target price on Liberty Energy from $27.00 to $26.00 and set an “overweight” rating for the company in a report on Tuesday, July 23rd. Bank of America lowered their price objective on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating for the company in a research note on Monday, July 15th. TD Cowen cut their target price on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating on the stock in a research note on Friday, July 19th. Citigroup raised shares of Liberty Energy from a “neutral” rating to a “buy” rating and lifted their price target for the company from $24.00 to $32.00 in a research note on Wednesday, May 29th. Finally, Piper Sandler cut their price objective 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. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $24.78.

Hedge Funds Weigh In On Liberty Energy

Several large investors have recently bought and sold shares of LBRT. EdgeRock Capital LLC purchased a new stake in shares of Liberty Energy in the second quarter valued at about $32,000. GAMMA Investing LLC grew its position in Liberty Energy by 69.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock worth $36,000 after purchasing an additional 713 shares in the last quarter. Principal Securities Inc. purchased a new stake in Liberty Energy in the 4th quarter valued at about $39,000. Quadrant Capital Group LLC lifted its position in shares of Liberty Energy by 70.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,909 shares of the company’s stock worth $53,000 after buying an additional 1,206 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Liberty Energy by 27.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock worth $59,000 after buying an additional 709 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.