Michael Stock Sells 5,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 5,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $23.00, for a total value of $115,000.00. Following the completion of the sale, the chief financial officer now directly owns 675,207 shares of the company’s stock, valued at approximately $15,529,761. This trade represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Thursday, January 2nd, Michael Stock sold 20,000 shares of Liberty Energy stock. The shares were sold at an average price of $20.82, for a total transaction 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 transaction 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 value of $184,900.00.
• On Wednesday, November 6th, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were sold at an average price of $18.45, for a total value of $92,250.00.
• 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.

Liberty Energy Price Performance

Liberty Energy stock traded up $0.46 during midday trading on Thursday, reaching $23.13. The company’s stock had a trading volume of 2,387,196 shares, compared to its average volume of 2,841,249. The company has a current ratio of 1.23, a quick ratio of 0.97 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.78 billion, a PE ratio of 11.01 and a beta of 1.66. Liberty Energy Inc. has a 52 week low of $16.57 and a 52 week high of $24.75. The business has a 50-day moving average price of $18.98 and a 200-day moving average price of $19.70.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.10). The company had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. Liberty Energy’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. On average, sell-side analysts predict that Liberty Energy Inc. will post 1.66 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Wells Fargo & Company cut their price target on shares of Liberty Energy from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. TD Cowen lowered their price target on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Evercore ISI upgraded shares of Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Citigroup lifted their target price on Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Finally, Seaport Res Ptn raised Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.20.

Institutional Investors Weigh In On Liberty Energy

Several hedge funds have recently modified their holdings of the company. FMR LLC raised its position in Liberty Energy by 17.1% in the third quarter. FMR LLC now owns 18,115,282 shares of the company’s stock valued at $345,821,000 after purchasing an additional 2,640,119 shares during the last quarter. Pacer Advisors Inc. boosted its position in Liberty Energy by 15.9% during the 3rd quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock worth $133,866,000 after buying an additional 963,068 shares during the period. State Street Corp grew its holdings in Liberty Energy by 2.7% during the 3rd quarter. State Street Corp now owns 6,662,830 shares of the company’s stock worth $127,193,000 after acquiring an additional 176,887 shares during the last quarter. Canoe Financial LP increased its position in Liberty Energy by 20.4% in the 3rd quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock valued at $79,408,000 after acquiring an additional 699,500 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Liberty Energy by 5.8% during the third quarter. Geode Capital Management LLC now owns 3,779,906 shares of the company’s stock valued at $72,173,000 after acquiring an additional 207,527 shares during the last quarter. Institutional investors and hedge funds 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.