Liberty Energy Inc. (NYSE:LBRT) CFO Sells $416,400.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total value of $416,400.00. Following the completion of the transaction, the chief financial officer now directly owns 680,207 shares in the company, valued at approximately $14,161,909.74. The trade was a 2.86 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, December 30th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was 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 shares were sold at an average price of $18.49, for a total transaction of $184,900.00.
• On Wednesday, November 6th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $18.45, for a total transaction 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 transaction of $86,050.00.

Liberty Energy Stock Up 0.9 %

NYSE LBRT opened at $20.89 on Monday. Liberty Energy Inc. has a twelve month low of $16.57 and a twelve month high of $24.75. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23. The stock has a market cap of $3.41 billion, a PE ratio of 9.95 and a beta of 1.66. The firm has a 50-day simple moving average of $18.32 and a 200 day simple moving average of $19.64.

Liberty Energy (NYSE:LBRT) last issued its earnings results 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 quarter in the previous year, the company posted $0.85 earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, research analysts forecast that Liberty Energy Inc. will post 1.72 EPS for the current year.

Liberty Energy Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LBRT. FMR LLC boosted its holdings in Liberty Energy by 17.1% during the third quarter. FMR LLC now owns 18,115,282 shares of the company’s stock valued at $345,821,000 after purchasing an additional 2,640,119 shares in the last quarter. JPMorgan Chase & Co. grew its position in Liberty Energy by 61.2% in the third quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after acquiring an additional 1,193,918 shares during the period. Pacer Advisors Inc. raised its stake in Liberty Energy by 15.9% during the third quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock worth $133,866,000 after acquiring an additional 963,068 shares in the last quarter. Canoe Financial LP lifted its holdings in shares of Liberty Energy by 20.4% during the third quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock valued at $79,408,000 after acquiring an additional 699,500 shares during the period. Finally, American Century Companies Inc. boosted its stake in shares of Liberty Energy by 17.6% in the 2nd quarter. American Century Companies Inc. now owns 3,961,415 shares of the company’s stock valued at $82,754,000 after purchasing an additional 594,051 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Atb Cap Markets upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Barclays lowered their price target on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Royal Bank of Canada reduced their price objective on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, October 18th. Finally, The Goldman Sachs Group began coverage on shares of Liberty Energy in a research note on Friday, December 13th. They issued a “neutral” rating and a $19.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.50.

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.