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

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 3,333 shares of the stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $18.17, for a total value of $60,560.61. Following the transaction, the chief financial officer owned 757,046 shares of the company’s stock, valued at approximately $13,755,525.82. This trade represents a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 1st, Michael Stock sold 6,666 shares of Liberty Energy stock. The stock was sold at an average price of $19.84, for a total transaction of $132,253.44.
• On Monday, August 3rd, Michael Stock sold 3,333 shares of Liberty Energy stock. The stock was sold at an average price of $17.95, for a total transaction of $59,827.35.

Liberty Energy Stock Performance

Liberty Energy stock traded up $0.30 during mid-day trading on Monday, reaching $19.61. The company’s stock had a trading volume of 3,500,316 shares, compared to its average volume of 4,267,744. 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 $11.52 and a twelve month high of $34.48. The business has a 50 day moving average price of $19.58 and a 200-day moving average price of $25.42. The firm has a market cap of $3.20 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 3.04 and a beta of 0.71.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, July 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. Liberty Energy had a return on equity of 1.14% and a net margin of 2.92%.The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter last year, the business posted $0.12 EPS. The business’s revenue was up 14.0% on a year-over-year basis. Sell-side analysts predict that Liberty Energy Inc. will post 0.31 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.8%. Liberty Energy’s dividend payout ratio is presently 48.65%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Zacks Research lowered shares of Liberty Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. Weiss Ratings lowered shares of Liberty Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, September 18th. The Goldman Sachs Group set a $23.00 price objective on shares of Liberty Energy in a report on Friday, August 7th. Barclays upgraded shares of Liberty Energy from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $23.00 to $27.00 in a research note on Monday, September 28th. Finally, Citigroup dropped their target price on Liberty Energy from $28.50 to $27.50 and set a “buy” rating on the stock in a report on Wednesday, September 30th. Eight research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.54.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LBRT. Dimensional Fund Advisors LP lifted its position in shares of Liberty Energy by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,233,668 shares of the company’s stock valued at $265,931,000 after acquiring an additional 431,269 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Liberty Energy by 901.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 4,431,125 shares of the company’s stock valued at $127,616,000 after purchasing an additional 3,988,535 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in shares of Liberty Energy during the second quarter valued at $61,185,000. Eventide Asset Management LLC acquired a new position in shares of Liberty Energy in the 4th quarter valued at $36,394,000. Finally, Sei Investments Co. boosted its position in shares of Liberty Energy by 54.3% in the 1st quarter. Sei Investments Co. now owns 983,706 shares of the company’s stock valued at $28,331,000 after purchasing an additional 346,239 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

About Liberty Energy

Liberty Energy Inc is an oilfield services company that provides hydraulic fracturing and related completion services to exploration and production companies. Its operations support the development of unconventional oil and natural gas wells, primarily in North America.

The company’s services and technologies include pressure pumping, well stimulation, wireline services, proppant and logistics solutions, and digital tools designed to improve completion performance and operational efficiency.