Liberty Energy Inc. (NYSE:LBRT) CFO Sells $179,400.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 10,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.94, for a total transaction of $179,400.00. Following the completion of the transaction, the chief financial officer now owns 717,292 shares in the company, valued at $12,868,218.48. This trade represents a 1.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, January 16th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $23.00, for a total transaction of $115,000.00.
• On Thursday, January 2nd, Michael Stock sold 20,000 shares of Liberty Energy stock. The stock was sold at an average price of $20.82, for a total transaction of $416,400.00.
• 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 transaction 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.

Liberty Energy Trading Down 3.2 %

Liberty Energy stock traded down $0.59 during mid-day trading on Wednesday, hitting $17.71. The company’s stock had a trading volume of 3,749,823 shares, compared to its average volume of 3,204,262. Liberty Energy Inc. has a one year low of $16.57 and a one year high of $24.75. The stock has a market cap of $2.89 billion, a PE ratio of 9.47 and a beta of 1.63. The company has a 50 day moving average of $19.82 and a 200-day moving average of $19.68. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.27.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. On average, research analysts anticipate that Liberty Energy Inc. will post 0.9 EPS for the current year.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date is Thursday, March 6th. Liberty Energy’s payout ratio is 17.11%.

Analyst Upgrades and Downgrades

LBRT has been the subject of several research reports. Citigroup increased their price objective on shares of Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Stifel Nicolaus raised their price target on Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a report on Friday, January 31st. Royal Bank of Canada lowered their target price on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, TD Cowen dropped their price objective on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.30.

Institutional Trading of Liberty Energy

A number of hedge funds have recently added to or reduced their stakes in LBRT. FMR LLC boosted its stake in shares of 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. raised its position in shares of Liberty Energy by 61.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock worth $60,061,000 after acquiring an additional 1,193,918 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Liberty Energy by 15.9% during the 3rd quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock worth $133,866,000 after purchasing an additional 963,068 shares during the last quarter. Canoe Financial LP boosted its position in 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 purchasing an additional 699,500 shares in the last quarter. Finally, Bridgewater Associates LP grew its stake in Liberty Energy by 285.1% in the third quarter. Bridgewater Associates LP now owns 700,814 shares of the company’s stock valued at $13,379,000 after purchasing an additional 518,830 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

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.