Insider Selling: Liberty Energy (NYSE:LBRT) CFO Sells $258,874.11 in Stock

Liberty Energy Inc. (NYSE:LBRTGet Free Report) CFO Michael Stock sold 9,999 shares of the business’s stock in a transaction on Wednesday, July 1st. The shares were sold at an average price of $25.89, for a total value of $258,874.11. Following the completion of the sale, the chief financial officer owned 773,711 shares of the company’s stock, valued at $20,031,377.79. This trade represents a 1.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 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 stock was 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 stock was sold at an average price of $33.48, for a total value of $669,533.04.

Liberty Energy Trading Up 0.2%

Shares of Liberty Energy stock opened at $23.85 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.97 and a current ratio of 2.21. The firm has a 50-day moving average of $30.03 and a 200-day moving average of $26.59. Liberty Energy Inc. has a 52-week low of $9.90 and a 52-week high of $34.48. The stock has a market cap of $3.89 billion, a PE ratio of 26.21, a PEG ratio of 2.05 and a beta of 0.54.

Liberty Energy (NYSE:LBRTGet Free Report) last released its quarterly earnings results on Wednesday, April 22nd. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.19. Liberty Energy had a net margin of 3.71% and a return on equity of 1.41%. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $954.71 million. During the same period last year, the firm earned $0.04 earnings per share. Liberty Energy’s revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Liberty Energy Inc. will post 0.24 EPS for the current year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a dividend of $0.09 per share. 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 is presently 39.56%.

Hedge Funds Weigh In On Liberty Energy

Several hedge funds and other institutional investors have recently made changes to their positions in LBRT. PNC Financial Services Group Inc. lifted its holdings in shares of Liberty Energy by 5.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,855 shares of the company’s stock worth $226,000 after acquiring an additional 375 shares during the period. Root Financial Partners LLC increased its stake in Liberty Energy by 79.6% in the first quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock valued at $26,000 after acquiring an additional 405 shares during the last quarter. Maryland State Retirement & Pension System increased its stake in Liberty Energy by 2.0% in the fourth quarter. Maryland State Retirement & Pension System now owns 23,760 shares of the company’s stock valued at $439,000 after acquiring an additional 477 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Liberty Energy by 2.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 22,583 shares of the company’s stock valued at $417,000 after purchasing an additional 500 shares in the last quarter. Finally, First Horizon Corp raised its position in Liberty Energy by 58.2% during the fourth quarter. First Horizon Corp now owns 1,620 shares of the company’s stock valued at $30,000 after purchasing an additional 596 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LBRT has been the subject of a number of analyst reports. Stifel Nicolaus lifted their price target on shares of Liberty Energy from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, April 24th. The Goldman Sachs Group reissued a “neutral” rating and set a $31.00 price target on shares of Liberty Energy in a research report on Wednesday, June 3rd. Zacks Research upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, June 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Energy in a report on Friday, May 1st. Finally, Morgan Stanley set a $36.00 target price on Liberty Energy in a research report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $32.18.

Check Out Our Latest Stock Analysis on Liberty Energy

About Liberty Energy

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Liberty Energy (NYSE:LBRT)

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