Michael Stock Sells 20,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total value of $416,400.00. Following the completion of the transaction, the chief financial officer now directly owns 680,207 shares of the company’s stock, valued at approximately $14,161,909.74. This trade represents a 2.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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

• On Monday, December 30th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was 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 shares were sold at an average price of $18.49, for a total transaction 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 transaction of $92,250.00.
• On Friday, November 1st, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $17.21, for a total value of $86,050.00.

Liberty Energy Price Performance

NYSE:LBRT opened at $20.89 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. Liberty Energy Inc. has a 52 week low of $16.57 and a 52 week high of $24.75. The business’s 50-day simple moving average is $18.32 and its two-hundred day simple moving average is $19.64. The stock has a market cap of $3.41 billion, a PE ratio of 9.95 and a beta of 1.71.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.10). The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. As a group, analysts forecast that Liberty Energy Inc. will post 1.72 EPS for the current fiscal year.

Liberty Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were paid a $0.08 dividend. The ex-dividend date was Friday, December 6th. This represents a $0.32 annualized dividend and a yield of 1.53%. This is a boost from Liberty Energy’s previous quarterly dividend of $0.07. Liberty Energy’s payout ratio is presently 15.24%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in LBRT. Empowered Funds LLC boosted 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. Principal Financial Group Inc. raised its holdings in shares of Liberty Energy by 4.5% during the 3rd quarter. Principal Financial Group Inc. now owns 872,215 shares of the company’s stock worth $16,651,000 after acquiring an additional 37,927 shares in the last quarter. Quest Partners LLC raised its holdings in shares of Liberty Energy by 168.2% during the 3rd quarter. Quest Partners LLC now owns 62,979 shares of the company’s stock worth $1,202,000 after acquiring an additional 39,497 shares in the last quarter. Impala Asset Management LLC boosted its position in shares of 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 acquiring an additional 165,000 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Liberty Energy by 8.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,237,247 shares of the company’s stock valued at $42,709,000 after purchasing an additional 166,443 shares in the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on LBRT. Wells Fargo & Company dropped their target price on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. Barclays dropped their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Evercore ISI upgraded shares of Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Finally, Royal Bank of Canada cut their price objective on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, October 18th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

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.