Michael Stock Sells 10,000 Shares of Liberty Energy Inc. (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 10,000 shares of the firm’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the completion of the transaction, the chief financial officer now owns 717,292 shares in the company, valued at $12,868,218.48. This represents a 1.37 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, January 16th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $23.00, for a total value of $115,000.00.
• 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 shares were 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.

Liberty Energy Trading Down 2.3 %

Shares of NYSE:LBRT opened at $17.09 on Friday. The company’s 50-day moving average price is $19.78 and its two-hundred day moving average price is $19.65. Liberty Energy Inc. has a one year low of $16.57 and a one year high of $24.75. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.27 and a quick ratio of 0.97. The stock has a market capitalization of $2.79 billion, a PE ratio of 9.14 and a beta of 1.63.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a net margin of 7.32% and a return on equity of 14.28%. On average, equities analysts forecast that Liberty Energy Inc. will post 0.9 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy’s dividend payout ratio (DPR) is currently 17.11%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. HighTower Advisors LLC grew its holdings in Liberty Energy by 10.2% during the fourth quarter. HighTower Advisors LLC now owns 27,683 shares of the company’s stock worth $551,000 after purchasing an additional 2,568 shares during the period. Raymond James Financial Inc. bought a new position in shares of Liberty Energy during the 4th quarter worth approximately $6,792,000. Proficio Capital Partners LLC acquired a new position in shares of Liberty Energy during the 4th quarter worth approximately $203,000. Charles Schwab Investment Management Inc. raised its stake in Liberty Energy by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,433,866 shares of the company’s stock valued at $48,410,000 after acquiring an additional 196,619 shares during the period. Finally, Bailard Inc. lifted its holdings in Liberty Energy by 12.9% during the 4th quarter. Bailard Inc. now owns 35,836 shares of the company’s stock valued at $713,000 after purchasing an additional 4,100 shares during the last quarter. Institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Atb Cap Markets upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Evercore ISI upgraded Liberty Energy to a “strong-buy” rating in a report on Thursday, October 17th. Royal Bank of Canada cut their price objective on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Friday, January 31st. The Goldman Sachs Group began coverage on Liberty Energy in a research note on Friday, December 13th. They set a “neutral” rating and a $19.00 target price for the company. Finally, Wells Fargo & Company cut their price target on shares of Liberty Energy from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.30.

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.