Liberty Energy Inc. (NYSE:LBRT – Get Free Report) CFO Michael Stock sold 3,333 shares of the company’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $17.95, for a total transaction of $59,827.35. Following the completion of the sale, the chief financial officer directly owned 770,378 shares in the company, valued at $13,828,285.10. This represents a 0.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael Stock also recently made the following trade(s):
- On Wednesday, July 1st, Michael Stock sold 9,999 shares of Liberty Energy stock. The shares were sold at an average price of $25.89, for a total transaction of $258,874.11.
- 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 transaction 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 transaction 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 transaction of $669,533.04.
Liberty Energy Price Performance
Shares of NYSE LBRT opened at $20.05 on Friday. Liberty Energy Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $34.48. The company has a 50 day simple moving average of $24.80 and a two-hundred day simple moving average of $27.13. The company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 27.09, a P/E/G ratio of 4.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.75 and a current ratio of 1.99.
Liberty Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, September 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.8%. Liberty Energy’s payout ratio is presently 48.65%.
Analysts Set New Price Targets
LBRT has been the topic of a number of recent research reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $31.00 target price on shares of Liberty Energy in a research note on Wednesday, June 3rd. Royal Bank Of Canada lowered their price target on Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating for the company in a research report on Friday, July 24th. Zacks Research cut shares of Liberty Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Morgan Stanley set a $32.00 price objective on shares of Liberty Energy in a research report on Friday, July 24th. Finally, Barclays raised their price objective on shares of Liberty Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Friday, May 8th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.09.
View Our Latest Analysis on Liberty Energy
Institutional Investors Weigh In On Liberty Energy
Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in Liberty Energy by 5.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,855 shares of the company’s stock valued at $226,000 after purchasing an additional 375 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of Liberty Energy by 79.6% in the 1st quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after buying an additional 405 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in shares of Liberty Energy by 2.0% in the 4th quarter. Maryland State Retirement & Pension System now owns 23,760 shares of the company’s stock worth $439,000 after buying an additional 477 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Liberty Energy by 2.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 22,583 shares of the company’s stock worth $417,000 after buying an additional 500 shares during the last quarter. Finally, First Horizon Corp raised its position in shares of Liberty Energy by 58.2% during the 4th quarter. First Horizon Corp now owns 1,620 shares of the company’s stock valued at $30,000 after buying an additional 596 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.
Liberty Energy Company Profile
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.
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