Liberty Energy Inc. (NYSE:LBRT) CFO Sells $92,250.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $18.45, for a total transaction of $92,250.00. Following the completion of the transaction, the chief financial officer now owns 720,207 shares of the company’s stock, valued at $13,287,819.15. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• 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 value of $86,050.00.
• On Tuesday, October 1st, Michael Stock sold 15,000 shares of Liberty Energy stock. The stock was sold at an average price of $19.23, for a total transaction of $288,450.00.
• On Wednesday, September 18th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $21.01, for a total transaction of $105,050.00.
• On Tuesday, September 3rd, Michael Stock sold 15,000 shares of Liberty Energy stock. The shares were sold at an average price of $20.01, for a total value of $300,150.00.

Liberty Energy Stock Down 5.6 %

Liberty Energy stock traded down $1.07 during mid-day trading on Thursday, reaching $17.93. The stock had a trading volume of 2,471,611 shares, compared to its average volume of 2,509,654. The firm has a market capitalization of $2.93 billion, a PE ratio of 8.75 and a beta of 1.70. Liberty Energy Inc. has a fifty-two week low of $16.57 and a fifty-two week high of $24.75. The stock’s 50-day simple moving average is $19.25 and its 200-day simple moving average is $20.88. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23.

Liberty Energy (NYSE:LBRT) last announced its quarterly 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 business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter last year, the firm posted $0.85 EPS. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. On average, sell-side analysts forecast that Liberty Energy Inc. will post 1.75 EPS for the current fiscal year.

Liberty Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Friday, December 6th will be given a $0.08 dividend. This is a boost from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.32 annualized dividend and a yield of 1.78%. Liberty Energy’s dividend payout ratio (DPR) is presently 13.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LBRT shares. Bank of America reduced their price objective on shares of Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Monday, July 15th. Piper Sandler cut their price target on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating on the stock in a research report on Monday, July 15th. Atb Cap Markets lowered Liberty Energy from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 17th. Evercore ISI raised Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, TD Cowen decreased their target price on Liberty Energy from $21.00 to $20.00 and set a “hold” rating for the company in a research note on Friday, July 19th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.89.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of LBRT. EdgeRock Capital LLC bought a new position in Liberty Energy during the 2nd quarter valued at $32,000. Covestor Ltd raised its holdings in shares of Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after purchasing an additional 838 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Liberty Energy by 69.2% during the second quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock valued at $36,000 after purchasing an additional 713 shares in the last quarter. nVerses Capital LLC boosted its holdings in Liberty Energy by 45.0% during the second quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock worth $61,000 after purchasing an additional 900 shares during the last quarter. Finally, US Bancorp DE grew its position in Liberty Energy by 93.2% in the 3rd quarter. US Bancorp DE now owns 4,180 shares of the company’s stock worth $80,000 after purchasing an additional 2,016 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

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.