Michael Stock Sells 9,999 Shares of Liberty Energy (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 9,999 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $25.89, for a total transaction of $258,874.11. Following the completion of the sale, the chief financial officer owned 773,711 shares in the company, valued at approximately $20,031,377.79. This trade represents a 1.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, Michael Stock sold 13,332 shares of Liberty Energy stock. The stock was sold at an average price of $29.46, for a total value of $392,760.72.
• 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 Price Performance

Shares of LBRT opened at $23.85 on Friday. Liberty Energy Inc. has a 52 week low of $9.90 and a 52 week high of $34.48. The company has a current ratio of 2.21, a quick ratio of 1.97 and a debt-to-equity ratio of 0.75. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.08 and a beta of 0.54. The stock has a 50 day moving average of $30.14 and a 200-day moving average of $26.61.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.19. The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $954.71 million. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the business posted $0.04 earnings per share. As a group, analysts forecast that Liberty Energy Inc. will post 0.25 EPS for the current year.

Liberty Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 18th. Stockholders of record on Thursday, June 4th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, June 4th. Liberty Energy’s dividend payout ratio (DPR) is presently 39.56%.

Institutional Trading of Liberty Energy

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Liberty Energy by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 18,096,443 shares of the company’s stock valued at $334,060,000 after buying an additional 97,998 shares during the last quarter. Round Rock Advisors LLC boosted its position in shares of Liberty Energy by 65.3% during the fourth quarter. Round Rock Advisors LLC now owns 104,213 shares of the company’s stock worth $1,956,000 after buying an additional 41,163 shares during the period. Aventail Capital Group LP grew its holdings in Liberty Energy by 94.6% in the 3rd quarter. Aventail Capital Group LP now owns 334,637 shares of the company’s stock worth $4,129,000 after buying an additional 162,668 shares in the last quarter. Citigroup Inc. grew its holdings in Liberty Energy by 23.1% in the 3rd quarter. Citigroup Inc. now owns 273,258 shares of the company’s stock worth $3,372,000 after buying an additional 51,266 shares in the last quarter. Finally, Callodine Capital Management LP increased its position in Liberty Energy by 97.7% in the 3rd quarter. Callodine Capital Management LP now owns 2,089,283 shares of the company’s stock valued at $25,782,000 after acquiring an additional 1,032,283 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Energy in a research note on Friday, May 1st. Morgan Stanley set a $36.00 target price on Liberty Energy in a research note on Monday, April 27th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $31.00 target price on shares of Liberty Energy in a report on Wednesday, June 3rd. Stifel Nicolaus increased their price target on Liberty Energy from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, April 24th. Finally, UBS Group reissued a “buy” rating on shares of Liberty Energy in a report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.18.

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. 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.