Michael Stock Sells 5,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 5,000 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $23.00, for a total value of $115,000.00. Following the completion of the sale, the chief financial officer now owns 675,207 shares of the company’s stock, valued at approximately $15,529,761. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Thursday, January 2nd, Michael Stock sold 20,000 shares of Liberty Energy stock. The shares were sold at an average price of $20.82, for a total transaction of $416,400.00.
• 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 shares were 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 stock was sold at an average price of $18.45, for a total transaction 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 2.0 %

Shares of LBRT stock opened at $23.13 on Friday. Liberty Energy Inc. has a fifty-two week low of $16.57 and a fifty-two week high of $24.75. The company has a 50 day moving average price of $19.08 and a 200 day moving average price of $19.72. The stock has a market capitalization of $3.78 billion, a P/E ratio of 11.01 and a beta of 1.66. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23.

Liberty Energy (NYSE:LBRT) last posted 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). Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. The business had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm earned $0.85 EPS. The business’s revenue was down 6.4% on a year-over-year basis. Equities research analysts predict that Liberty Energy Inc. will post 1.66 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LBRT. Envestnet Asset Management Inc. raised its position in Liberty Energy by 9.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 493,417 shares of the company’s stock valued at $10,307,000 after purchasing an additional 41,154 shares in the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Liberty Energy by 184.7% during the second quarter. Mutual of America Capital Management LLC now owns 366,689 shares of the company’s stock worth $7,660,000 after buying an additional 237,873 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in Liberty Energy by 13.3% in the second quarter. Mercer Global Advisors Inc. ADV now owns 29,002 shares of the company’s stock valued at $606,000 after acquiring an additional 3,408 shares in the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in Liberty Energy by 18.5% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,434 shares of the company’s stock worth $343,000 after acquiring an additional 2,560 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its stake in Liberty Energy by 13.1% in the second quarter. Hsbc Holdings PLC now owns 78,994 shares of the company’s stock worth $1,657,000 after acquiring an additional 9,137 shares during the last quarter. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LBRT has been the topic of a number of research analyst reports. TD Cowen reduced their target price on Liberty Energy from $18.00 to $16.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. Citigroup upped their target price on shares of Liberty Energy from $19.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Evercore ISI raised shares of Liberty Energy to a “strong-buy” rating in a research note on Thursday, October 17th. Seaport Res Ptn raised shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Finally, Barclays decreased their price objective on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, October 16th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.20.

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.