Liberty Energy (NYSE:LBRT) CFO Michael Stock Sells 13,332 Shares

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 13,332 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $29.46, for a total value of $392,760.72. Following the sale, the chief financial officer owned 787,043 shares in the company, valued at $23,186,286.78. The trade was a 1.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, June 2nd, Michael Stock sold 3,333 shares of Liberty Energy stock. The shares were sold at an average price of $31.00, for a total value of $103,323.00.
• On Wednesday, May 20th, Michael Stock sold 19,998 shares of Liberty Energy stock. The shares were sold at an average price of $33.48, for a total value of $669,533.04.

Liberty Energy Stock Performance

NYSE:LBRT opened at $31.27 on Wednesday. The stock’s fifty day moving average is $30.41 and its 200 day moving average is $25.02. Liberty Energy Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $34.48. The firm has a market capitalization of $5.10 billion, a PE ratio of 34.37, a PEG ratio of 8.78 and a beta of 0.51. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.97 and a current ratio of 2.21.

Liberty Energy (NYSE:LBRT) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.19. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $954.71 million. During the same quarter in the prior year, the firm posted $0.04 EPS. Liberty Energy’s quarterly revenue was up 4.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Liberty Energy Inc. will post 0.07 earnings per share for the current year.

Liberty Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. Liberty Energy’s dividend payout ratio is 39.56%.

Hedge Funds Weigh In On Liberty Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in LBRT. Root Financial Partners LLC grew its position in shares of Liberty Energy by 79.6% during the 1st quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after buying an additional 405 shares in the last quarter. Valued Wealth Advisors LLC bought a new position in shares of Liberty Energy during the 1st quarter worth $26,000. Summit Securities Group LLC bought a new position in shares of Liberty Energy during the 1st quarter worth $28,000. Los Angeles Capital Management LLC bought a new position in shares of Liberty Energy during the 4th quarter worth $29,000. Finally, Kelleher Financial Advisors bought a new position in shares of Liberty Energy during the 3rd quarter worth $29,000. Institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Piper Sandler upped their price objective on Liberty Energy from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $32.00 price objective on shares of Liberty Energy in a research report on Friday, April 24th. Morgan Stanley set a $36.00 price objective on Liberty Energy in a research report on Monday, April 27th. Barclays upped their price objective on Liberty Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Energy in a research report on Friday, May 1st. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $30.42.

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. As of as of December 31, 2023, the company owned and operated a fleet of approximately 40 active hydraulic fracturing; and two sand mines in the Permian Basin.