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

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 20,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $21.83, for a total value of $436,600.00. Following the sale, the chief financial officer now owns 825,209 shares of the company’s stock, valued at $18,014,312.47. 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 Monday, April 1st, Michael Stock sold 20,000 shares of Liberty Energy stock. The stock was sold at an average price of $20.87, for a total transaction of $417,400.00.

Liberty Energy Price Performance

Shares of LBRT opened at $21.64 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.48 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.61 billion, a PE ratio of 7.90, a PEG ratio of 1.07 and a beta of 1.83. Liberty Energy Inc. has a 12-month low of $11.62 and a 12-month high of $23.31. The business has a 50-day simple moving average of $21.55 and a two-hundred day simple moving average of $19.98.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Thursday, April 18th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.06). Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was down 12.8% on a year-over-year basis. Analysts anticipate that Liberty Energy Inc. will post 2.52 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.07 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.28 annualized dividend and a dividend yield of 1.29%. Liberty Energy’s dividend payout ratio is 10.22%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. EdgeRock Capital LLC acquired a new stake in shares of Liberty Energy in the fourth quarter valued at about $27,000. Principal Securities Inc. bought a new stake in Liberty Energy during the fourth quarter valued at $39,000. Quadrant Capital Group LLC boosted its position in Liberty Energy by 70.8% during the fourth quarter. Quadrant Capital Group LLC now owns 2,909 shares of the company’s stock valued at $53,000 after acquiring an additional 1,206 shares during the last quarter. CWM LLC raised its position in shares of Liberty Energy by 59.7% in the 3rd quarter. CWM LLC now owns 3,166 shares of the company’s stock worth $59,000 after acquiring an additional 1,183 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its position in shares of Liberty Energy by 27.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock valued at $59,000 after purchasing an additional 709 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Piper Sandler raised their target price on shares of Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, January 26th. TD Cowen boosted their price objective on shares of Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Friday, April 19th. Wells Fargo & Company upped their target price on Liberty Energy from $24.00 to $26.00 and gave the stock an “overweight” rating in a research note on Friday, April 19th. Morgan Stanley reiterated an “equal weight” rating and issued a $24.00 price target on shares of Liberty Energy in a research note on Monday, April 22nd. Finally, Royal Bank of Canada upped their price objective on Liberty Energy from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, April 19th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $24.30.

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.