Michael Stock Sells 3,333 Shares of Liberty Energy (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 3,333 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $17.95, for a total value of $59,827.35. Following the completion of the transaction, the chief financial officer owned 770,378 shares in the company, valued at $13,828,285.10. This represents a 0.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Wednesday, July 1st, Michael Stock sold 9,999 shares of Liberty Energy stock. The stock was sold at an average price of $25.89, for a total value of $258,874.11.
• On Monday, June 1st, Michael Stock sold 13,332 shares of Liberty Energy stock. The shares were sold at an average price of $29.46, for a total value of $392,760.72.
• On Tuesday, June 2nd, Michael Stock sold 3,333 shares of Liberty Energy stock. The stock was sold at an average price of $31.00, for a total transaction of $103,323.00.
• On Wednesday, May 20th, Michael Stock sold 19,998 shares of Liberty Energy stock. The stock was sold at an average price of $33.48, for a total transaction of $669,533.04.

Liberty Energy Stock Performance

Shares of LBRT stock opened at $19.44 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.99 and a quick ratio of 1.75. The firm has a 50-day moving average of $24.98 and a 200-day moving average of $27.14. Liberty Energy Inc. has a one year low of $9.90 and a one year high of $34.48. The company has a market cap of $3.17 billion, a P/E ratio of 26.27, a P/E/G ratio of 4.19 and a beta of 0.60.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, July 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. Liberty Energy had a net margin of 2.92% and a return on equity of 1.14%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.09 billion. During the same period in the prior year, the firm posted $0.12 EPS. The firm’s quarterly revenue was up 14.0% compared to the same quarter last year. Equities research analysts forecast that Liberty Energy Inc. will post 0.23 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Friday, September 4th. Liberty Energy’s dividend payout ratio (DPR) is 48.65%.

Analyst Ratings Changes

LBRT has been the subject of several research analyst reports. UBS Group reaffirmed a “buy” rating on shares of Liberty Energy in a research report on Friday, June 26th. The Goldman Sachs Group reissued a “neutral” rating and issued a $31.00 price target on shares of Liberty Energy in a report on Wednesday, June 3rd. Stifel Nicolaus reduced their price target on shares of Liberty Energy from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, July 24th. Piper Sandler decreased their price objective on shares of Liberty Energy from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Energy in a research report on Wednesday, July 29th. Seven equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Liberty Energy presently has an average rating of “Moderate Buy” and a consensus target price of $31.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LBRT. Root Financial Partners LLC lifted its holdings in Liberty Energy by 79.6% during the first quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock valued at $26,000 after purchasing an additional 405 shares during the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of Liberty Energy in the first quarter worth about $26,000. Summit Securities Group LLC bought a new stake in shares of Liberty Energy in the first quarter valued at approximately $28,000. Los Angeles Capital Management LLC bought a new stake in shares of Liberty Energy in the fourth quarter valued at approximately $29,000. Finally, Kelleher Financial Advisors purchased a new stake in shares of Liberty Energy during the 3rd quarter valued at approximately $29,000. Institutional investors 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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.