Michael Stock Sells 10,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 10,000 shares of the company’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $17.94, for a total transaction of $179,400.00. Following the sale, the chief financial officer now owns 717,292 shares of the company’s stock, valued at approximately $12,868,218.48. The trade was a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Thursday, January 16th, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were sold at an average price of $23.00, for a total value 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 value of $416,400.00.
• On Monday, December 30th, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were sold at an average price of $19.51, for a total value 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 transaction of $184,900.00.

Liberty Energy Trading Down 1.3 %

NYSE LBRT opened at $17.51 on Friday. The stock’s 50 day moving average is $19.80 and its 200 day moving average is $19.67. The company has a quick ratio of 0.97, a current ratio of 1.27 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $2.86 billion, a PE ratio of 9.36 and a beta of 1.63. Liberty Energy Inc. has a twelve month low of $16.57 and a twelve month high of $24.75.

Liberty Energy (NYSE:LBRT) last released its earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. Research analysts forecast that Liberty Energy Inc. will post 0.9 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.83%. Liberty Energy’s payout ratio is 17.11%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on LBRT shares. Royal Bank of Canada dropped their price target on shares of Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Friday, January 31st. The Goldman Sachs Group initiated coverage on shares of Liberty Energy in a report on Friday, December 13th. They set a “neutral” rating and a $19.00 target price for the company. Wells Fargo & Company reduced their price target on Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Friday, January 31st. Barclays dropped their price objective on Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. Finally, Citigroup boosted their target price on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Liberty Energy presently has an average rating of “Moderate Buy” and a consensus target price of $22.30.

Institutional Trading of Liberty Energy

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Empowered Funds LLC raised its stake in Liberty Energy by 45.1% during the third quarter. Empowered Funds LLC now owns 495,578 shares of the company’s stock valued at $9,461,000 after buying an additional 154,070 shares during 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 purchasing an additional 1,193,918 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Liberty Energy by 4.5% in the 3rd quarter. Principal Financial Group Inc. now owns 872,215 shares of the company’s stock worth $16,651,000 after purchasing an additional 37,927 shares in the last quarter. Quest Partners LLC grew its position in Liberty Energy by 168.2% during the 3rd quarter. Quest Partners LLC now owns 62,979 shares of the company’s stock valued at $1,202,000 after purchasing an additional 39,497 shares during the last quarter. Finally, Impala Asset Management LLC increased its stake in Liberty Energy by 89.2% during the 3rd quarter. Impala Asset Management LLC now owns 350,000 shares of the company’s stock valued at $6,682,000 after purchasing an additional 165,000 shares in the last quarter. Hedge funds and other 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.