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 sale, the chief financial officer now owns 720,207 shares in the company, valued at $13,287,819.15. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 transaction of $86,050.00.
• On Tuesday, October 1st, Michael Stock sold 15,000 shares of Liberty Energy stock. The shares were 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 stock was sold at an average price of $20.01, for a total transaction of $300,150.00.

Liberty Energy Trading Down 5.6 %

LBRT opened at $17.93 on Friday. 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 capitalization of $2.93 billion, a PE ratio of 8.54 and a beta of 1.70. Liberty Energy Inc. has a 1-year low of $16.57 and a 1-year high of $24.75. The firm has a 50-day moving average price of $19.20 and a two-hundred day moving average price of $20.86.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) 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 net margin of 8.02% and a return on equity of 18.50%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the business posted $0.85 EPS. As a group, equities analysts anticipate that Liberty Energy Inc. will post 1.75 earnings per share for the current fiscal year.

Liberty Energy Increases Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Prospera Financial Services Inc boosted its stake in shares of Liberty Energy by 7.3% in the 3rd quarter. Prospera Financial Services Inc now owns 16,047 shares of the company’s stock valued at $306,000 after purchasing an additional 1,091 shares during the last quarter. Quest Partners LLC boosted its stake in 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 during the last quarter. Thrivent Financial for Lutherans boosted its stake in Liberty Energy by 3.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 129,833 shares of the company’s stock worth $2,479,000 after acquiring an additional 3,939 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Liberty Energy by 27.2% during the 3rd quarter. Mutual of America Capital Management LLC now owns 466,411 shares of the company’s stock worth $8,904,000 after acquiring an additional 99,722 shares during the last quarter. Finally, Natixis Advisors LLC boosted its stake in Liberty Energy by 17.8% during the 3rd quarter. Natixis Advisors LLC now owns 24,662 shares of the company’s stock worth $471,000 after acquiring an additional 3,733 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on LBRT shares. Stifel Nicolaus dropped their price target on shares of Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. Piper Sandler dropped 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 note on Monday, July 15th. Barclays decreased their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating for the company in a report on Wednesday, October 16th. TD Cowen decreased their price objective on shares of Liberty Energy from $21.00 to $20.00 and set a “hold” rating for the company in a report on Friday, July 19th. Finally, Atb Cap Markets downgraded shares of Liberty Energy from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 17th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.89.

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.