Liberty Energy Inc. (NYSE:LBRT) CFO Sells $416,400.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 20,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $20.82, for a total transaction of $416,400.00. Following the completion of the transaction, the chief financial officer now 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 transaction was disclosed in a legal filing with the SEC, which is available through this link.

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 value 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 value of $184,900.00.
• On Wednesday, November 6th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was 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 Trading Up 0.9 %

Shares of NYSE LBRT opened at $20.89 on Monday. 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 12 month low of $16.57 and a 12 month high of $24.75. The company has a market cap of $3.41 billion, a price-to-earnings ratio of 9.95 and a beta of 1.66. The business has a fifty day simple moving average of $18.32 and a 200-day simple moving average of $19.64.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The firm had revenue of $1.14 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. Liberty Energy’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.85 earnings per share. Sell-side analysts predict that Liberty Energy Inc. will post 1.72 EPS for the current year.

Liberty Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.08 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.53%. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.07. Liberty Energy’s dividend payout ratio is presently 15.24%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Creative Planning lifted its stake in Liberty Energy by 3.7% in the 3rd quarter. Creative Planning now owns 19,456 shares of the company’s stock worth $371,000 after acquiring an additional 703 shares in the last quarter. Andina Capital Management LLC lifted its position in shares of Liberty Energy by 4.4% in the third quarter. Andina Capital Management LLC now owns 19,413 shares of the company’s stock worth $371,000 after purchasing an additional 814 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Liberty Energy by 96.8% during the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock worth $33,000 after purchasing an additional 838 shares during the period. nVerses Capital LLC grew its position in Liberty Energy by 45.0% during the second quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock valued at $61,000 after purchasing an additional 900 shares in the last quarter. Finally, KBC Group NV increased its stake in Liberty Energy by 24.8% in the 3rd quarter. KBC Group NV now owns 4,906 shares of the company’s stock valued at $94,000 after buying an additional 974 shares during the period. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

LBRT has been the subject of a number of recent analyst reports. The Goldman Sachs Group assumed coverage on shares of Liberty Energy in a research report on Friday, December 13th. They issued a “neutral” rating and a $19.00 target price for the company. Evercore ISI upgraded shares of Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Atb Cap Markets upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Wells Fargo & Company lowered their price target 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. Finally, Citigroup lowered Liberty Energy from a “buy” rating to a “neutral” rating and cut their price objective for the company from $25.00 to $19.00 in a report on Friday, October 18th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Liberty Energy presently has an average rating of “Moderate Buy” and an average price target 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.