Liberty Energy (NYSE:LBRT) CFO Michael Stock Sells 25,000 Shares of Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $25.38, for a total transaction of $634,500.00. Following the completion of the transaction, the chief financial officer owned 784,819 shares of the company’s stock, valued at $19,918,706.22. This trade represents a 3.09% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Liberty Energy Price Performance

Shares of Liberty Energy stock opened at $25.23 on Tuesday. Liberty Energy Inc. has a 52-week low of $9.50 and a 52-week high of $27.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.22. The business’s 50 day simple moving average is $20.31 and its 200 day simple moving average is $15.88. The firm has a market cap of $4.09 billion, a PE ratio of 28.35 and a beta of 0.49.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Wednesday, January 28th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.21. The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $880.59 million. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period last year, the business earned $0.10 EPS. On average, analysts predict that Liberty Energy Inc. will post 0.58 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.36 annualized dividend and a yield of 1.4%. Liberty Energy’s dividend payout ratio is 40.45%.

Institutional Trading of Liberty Energy

Several institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP lifted its holdings in Liberty Energy by 11.0% in the fourth quarter. Royce & Associates LP now owns 581,190 shares of the company’s stock valued at $10,729,000 after buying an additional 57,732 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Liberty Energy by 186.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 9,753 shares of the company’s stock worth $180,000 after buying an additional 6,354 shares during the last quarter. Legato Capital Management LLC acquired a new stake in shares of Liberty Energy in the 4th quarter worth about $842,000. Covestor Ltd increased its holdings in Liberty Energy by 23.4% during the 4th quarter. Covestor Ltd now owns 7,847 shares of the company’s stock worth $145,000 after purchasing an additional 1,489 shares in the last quarter. Finally, ProShare Advisors LLC grew its holdings in Liberty Energy by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 30,781 shares of the company’s stock worth $568,000 after buying an additional 940 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LBRT has been the subject of several recent analyst reports. Zacks Research upgraded shares of Liberty Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 15th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Liberty Energy in a report on Thursday, January 15th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $26.00 price target on shares of Liberty Energy in a research report on Wednesday, February 4th. Morgan Stanley boosted their price target on Liberty Energy from $23.00 to $30.00 and gave the company an “overweight” rating in a research note on Friday, January 30th. Finally, Stifel Nicolaus boosted their price objective on shares of Liberty Energy from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Liberty Energy currently has an average rating of “Hold” and a consensus target price of $24.64.

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. 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.