Liberty Energy Inc. (NYSE:LBRT) CFO Sells $92,250.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $18.45, for a total value of $92,250.00. Following the sale, the chief financial officer now owns 720,207 shares in the company, valued at $13,287,819.15. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

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

• 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.
• On Tuesday, October 1st, Michael Stock sold 15,000 shares of Liberty Energy stock. The stock was sold at an average price of $19.23, for a total value of $288,450.00.
• On Wednesday, September 18th, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were sold at an average price of $21.01, for a total transaction of $105,050.00.
• On Tuesday, September 3rd, Michael Stock sold 15,000 shares of Liberty Energy stock. The stock was sold at an average price of $20.01, for a total transaction of $300,150.00.

Liberty Energy Stock Performance

Shares of Liberty Energy stock traded down $1.07 on Thursday, hitting $17.93. The stock had a trading volume of 2,471,611 shares, compared to its average volume of 2,509,654. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 8.75 and a beta of 1.70. The business’s 50 day moving average is $19.25 and its two-hundred day moving average is $20.88. 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 Inc. has a twelve month low of $16.57 and a twelve month high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The firm had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same period in the prior year, the company earned $0.85 earnings per share. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. Analysts forecast that Liberty Energy Inc. will post 1.75 EPS for the current year.

Liberty Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.78%. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date is Friday, December 6th. Liberty Energy’s dividend payout ratio (DPR) is currently 13.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LBRT shares. Barclays decreased their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, October 16th. Wells Fargo & Company reduced their price target on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Friday, October 18th. Piper Sandler dropped their price objective on Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Monday, July 15th. Atb Cap Markets downgraded Liberty Energy from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 17th. Finally, Evercore ISI raised Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.89.

Institutional Trading of Liberty Energy

Several hedge funds and other institutional investors have recently bought and sold shares of LBRT. Envestnet Portfolio Solutions Inc. increased its holdings in shares of Liberty Energy by 4.0% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,262 shares of the company’s stock worth $296,000 after purchasing an additional 543 shares during the period. Andina Capital Management LLC grew its position in Liberty Energy by 3.9% during the second quarter. Andina Capital Management LLC now owns 18,599 shares of the company’s stock worth $389,000 after buying an additional 691 shares in the last quarter. Creative Planning increased its stake in Liberty Energy by 3.7% during the 3rd quarter. Creative Planning now owns 19,456 shares of the company’s stock worth $371,000 after acquiring an additional 703 shares during the period. GAMMA Investing LLC raised its holdings in Liberty Energy by 69.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock valued at $36,000 after acquiring an additional 713 shares in the last quarter. Finally, Covestor Ltd lifted its position in shares of Liberty Energy by 96.8% during the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after acquiring an additional 838 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

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.