Insider Selling: Liberty Energy Inc. (NYSE:LBRT) CFO Sells 20,000 Shares of Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 20,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $20.82, for a total transaction of $416,400.00. Following the transaction, the chief financial officer now owns 680,207 shares in the company, valued at $14,161,909.74. This trade represents a 2.86 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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 transaction of $97,550.00.
• On Monday, December 2nd, Michael Stock sold 10,000 shares of Liberty Energy stock. The stock was sold at an average price of $18.49, for a total transaction of $184,900.00.
• On Wednesday, November 6th, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were 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 stock was sold at an average price of $17.21, for a total value of $86,050.00.

Liberty Energy Stock Up 0.9 %

LBRT stock traded up $0.18 during trading on Friday, hitting $20.89. 2,815,756 shares of the company’s stock traded hands, compared to its average volume of 2,845,578. The firm has a market capitalization of $3.41 billion, a P/E ratio of 9.95 and a beta of 1.71. Liberty Energy Inc. has a 1 year low of $16.57 and a 1 year high of $24.75. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $18.32 and a two-hundred day simple moving average of $19.64.

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

Liberty Energy Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.08 dividend. This is a boost from Liberty Energy’s previous quarterly dividend of $0.07. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date was Friday, December 6th. Liberty Energy’s dividend payout ratio (DPR) is currently 15.24%.

Analysts Set New Price Targets

Several equities analysts have commented on LBRT shares. Wells Fargo & Company cut their price objective 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. Evercore ISI upgraded shares of Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. 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. Stifel Nicolaus dropped their target price 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. Finally, The Goldman Sachs Group began coverage on shares of Liberty Energy in a research report on Friday, December 13th. They set a “neutral” rating and a $19.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Liberty Energy currently has an average rating of “Moderate Buy” and a consensus price target of $22.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of LBRT. Covestor Ltd boosted its stake in Liberty Energy by 96.8% in the third quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after acquiring an additional 838 shares in the last quarter. Quarry LP lifted its holdings in shares of Liberty Energy by 237.5% during the 3rd quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after purchasing an additional 1,401 shares during the last quarter. nVerses Capital LLC boosted its position in shares of Liberty Energy by 45.0% in the 2nd quarter. nVerses Capital LLC now owns 2,900 shares of the company’s stock worth $61,000 after purchasing an additional 900 shares in the last quarter. GAMMA Investing LLC grew its stake in Liberty Energy by 82.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock worth $61,000 after buying an additional 1,431 shares during the last quarter. Finally, US Bancorp DE raised its stake in Liberty Energy by 93.2% in the third quarter. US Bancorp DE now owns 4,180 shares of the company’s stock valued at $80,000 after buying an additional 2,016 shares during the last quarter. Hedge funds and other institutional investors own 98.22% of the company’s stock.

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.