Insider Selling: Liberty Energy Inc. (NYSE:LBRT) CFO Sells 15,000 Shares of Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 15,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $19.23, for a total transaction of $288,450.00. Following the transaction, the chief financial officer now owns 730,207 shares in the company, valued at $14,041,880.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• 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 value of $105,050.00.
• On Tuesday, September 3rd, Michael Stock sold 15,000 shares of Liberty Energy stock. The shares were sold at an average price of $20.01, for a total value of $300,150.00.
• On Thursday, August 1st, Michael Stock sold 20,000 shares of Liberty Energy stock. The stock was sold at an average price of $22.92, for a total value of $458,400.00.
• On Thursday, July 11th, Michael Stock sold 4,374 shares of Liberty Energy stock. The stock was sold at an average price of $21.01, for a total value of $91,897.74.

Liberty Energy Trading Down 0.7 %

LBRT traded down $0.13 during trading on Wednesday, hitting $19.81. The company’s stock had a trading volume of 1,190,350 shares, compared to its average volume of 2,503,314. Liberty Energy Inc. has a twelve month low of $16.33 and a twelve month high of $24.75. The stock has a market cap of $3.30 billion, a PE ratio of 7.28, a PEG ratio of 1.24 and a beta of 1.68. The firm’s 50 day moving average price is $20.50 and its 200-day moving average price is $21.39. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.35 and a quick ratio of 1.07.

Liberty Energy (NYSE:LBRT) last released its earnings results on Wednesday, July 17th. The company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Liberty Energy had a return on equity of 22.85% and a net margin of 9.53%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. On average, analysts expect that Liberty Energy Inc. will post 2.18 earnings per share for the current year.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 20th. Investors of record on Friday, September 6th were issued a $0.07 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.28 dividend on an annualized basis and a yield of 1.41%. Liberty Energy’s payout ratio is 10.22%.

Wall Street Analyst Weigh In

Several research firms have weighed in on LBRT. Piper Sandler dropped their target price on shares of Liberty Energy from $28.00 to $25.00 and set an “overweight” rating for the company in a report on Monday, July 15th. Barclays lowered their price target on shares of Liberty Energy from $27.00 to $26.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 23rd. TD Cowen cut their price objective on Liberty Energy from $21.00 to $20.00 and set a “hold” rating for the company in a research report on Friday, July 19th. Finally, Bank of America lowered their target price on Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $24.78.

Hedge Funds Weigh In On Liberty Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. EdgeRock Capital LLC purchased a new stake in shares of Liberty Energy during the 2nd quarter valued at $32,000. GAMMA Investing LLC grew its position in Liberty Energy by 69.2% during the second quarter. GAMMA Investing LLC now owns 1,743 shares of the company’s stock valued at $36,000 after acquiring an additional 713 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 acquiring an additional 900 shares during the period. PNC Financial Services Group Inc. increased its stake in Liberty Energy by 27.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock worth $59,000 after acquiring an additional 709 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. purchased a new position in shares of Liberty Energy in the 4th quarter worth about $63,000. 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.