Liberty Energy (NYSE:LBRT) CFO Sells 6,666 Shares of Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 6,666 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $19.84, for a total value of $132,253.44. Following the completion of the sale, the chief financial officer owned 760,379 shares of the company’s stock, valued at $15,085,919.36. This trade represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, August 3rd, Michael Stock sold 3,333 shares of Liberty Energy stock. The shares were sold at an average price of $17.95, for a total value of $59,827.35.
• 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.

Liberty Energy Stock Performance

Liberty Energy stock traded up $0.34 during mid-day trading on Tuesday, reaching $20.05. The company’s stock had a trading volume of 2,782,749 shares, compared to its average volume of 4,322,577. The company has a current ratio of 1.99, a quick ratio of 1.75 and a debt-to-equity ratio of 0.74. Liberty Energy Inc. has a twelve month low of $9.90 and a twelve month high of $34.48. The business has a 50 day moving average price of $21.91 and a 200-day moving average price of $26.78. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 2.78 and a beta of 0.60.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, July 22nd. The company reported $0.09 earnings per share 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 company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up 14.0% compared to the same quarter last year. Sell-side analysts predict that Liberty Energy Inc. will post 0.33 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, September 4th. This represents a $0.36 annualized dividend and a yield of 1.8%. Liberty Energy’s dividend payout ratio is 48.65%.

Institutional Investors Weigh In On Liberty Energy

Several large investors have recently made changes to their positions in the company. Root Financial Partners LLC boosted its position in shares of Liberty Energy by 79.6% during the first quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after buying an additional 405 shares during the period. Valued Wealth Advisors LLC bought a new position in Liberty Energy in the 1st quarter worth approximately $26,000. Summit Securities Group LLC acquired a new stake in Liberty Energy in the 1st quarter valued at approximately $28,000. GHP Investment Advisors Inc. bought a new stake in Liberty Energy during the 1st quarter valued at $39,000. Finally, Los Angeles Capital Management LLC bought a new stake in Liberty Energy during the 4th quarter valued at $29,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

LBRT has been the subject of a number of research reports. Wall Street Zen downgraded Liberty Energy from a “hold” rating to a “sell” rating in a research note on Saturday, August 1st. UBS Group reissued a “buy” rating on shares of Liberty Energy in a report on Friday, June 26th. Stifel Nicolaus reduced their price objective on Liberty Energy from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, July 24th. The Goldman Sachs Group set a $23.00 price objective on Liberty Energy in a research note on Friday, August 7th. Finally, Barclays increased their target price on Liberty Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Liberty Energy has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

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.