Liberty Energy Inc. (NYSE:LBRT – Get Free Report) CFO Michael Stock sold 3,333 shares of the firm’s stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $20.00, for a total value of $66,660.00. Following the completion of the transaction, the chief financial officer directly owned 753,713 shares of the company’s stock, valued at $15,074,260. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Michael Stock also recently made the following trade(s):
- On Thursday, October 1st, Michael Stock sold 3,333 shares of Liberty Energy stock. The stock was sold at an average price of $18.17, for a total transaction of $60,560.61.
- On Tuesday, September 1st, Michael Stock sold 6,666 shares of Liberty Energy stock. The stock was sold at an average price of $19.84, for a total transaction of $132,253.44.
- On Monday, August 3rd, Michael Stock sold 3,333 shares of Liberty Energy stock. The stock was sold at an average price of $17.95, for a total value of $59,827.35.
Liberty Energy Trading Up 1.0%
Shares of LBRT opened at $19.04 on Friday. The firm’s 50 day simple moving average is $19.75 and its 200 day simple moving average is $25.04. The company has a market capitalization of $3.11 billion, a P/E ratio of 25.73, a P/E/G ratio of 3.18 and a beta of 0.71. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.99 and a quick ratio of 1.75. Liberty Energy Inc. has a 1-year low of $11.52 and a 1-year high of $34.48.
Liberty Energy Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Stockholders of record on Friday, September 4th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, September 4th. Liberty Energy’s dividend payout ratio is 48.65%.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on LBRT shares. Stifel Nicolaus reduced their price target on Liberty Energy from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, July 24th. The Goldman Sachs Group set a $23.00 price objective on shares of Liberty Energy in a report on Friday, August 7th. Weiss Ratings upgraded Liberty Energy from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. Piper Sandler cut their price objective on Liberty Energy from $34.00 to $30.00 and set an “overweight” rating for the company in a report on Thursday, August 27th. Finally, Morgan Stanley set a $32.00 price target on shares of Liberty Energy in a research report on Friday, July 24th. Eight research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.54.
Check Out Our Latest Analysis on LBRT
Hedge Funds Weigh In On Liberty Energy
A number of large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Liberty Energy by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,233,668 shares of the company’s stock worth $265,931,000 after buying an additional 431,269 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Liberty Energy by 901.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,431,125 shares of the company’s stock worth $127,616,000 after buying an additional 3,988,535 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Liberty Energy during the 2nd quarter valued at approximately $61,185,000. Eventide Asset Management LLC acquired a new stake in shares of Liberty Energy during the fourth quarter worth $36,394,000. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of Liberty Energy by 6.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 1,238,961 shares of the company’s stock valued at $22,871,000 after acquiring an additional 69,780 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.
About Liberty Energy
Liberty Energy Inc is an oilfield services company that provides hydraulic fracturing and related completion services to exploration and production companies. Its operations support the development of unconventional oil and natural gas wells, primarily in North America.
The company’s services and technologies include pressure pumping, well stimulation, wireline services, proppant and logistics solutions, and digital tools designed to improve completion performance and operational efficiency.
Featured Stories
- Five stocks we like better than Liberty Energy
- Alphabet Introduces Gemini Agent—Can It Trigger a Breakout?
- Palantir’s Rally Puts Wall Street in Catch-Up Mode Ahead of November Earnings
- Tilray Finds a Path to Growth Without Waiting on U.S. Cannabis Reform
- Arista Networks Plugs Into All-Time Highs
Receive News & Ratings for Liberty Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Energy and related companies with MarketBeat.com's FREE daily email newsletter.
