Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sells 20,000 shares

Liberty Energy Inc. (NYSE:LBRT – Get Free Report) CFO Michael Stock sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares sold at an average price of $21.83, for a total value of $436,600.00. Following the sale, the chief financial officer now owns 825,209 shares of the company’s stock, valued at $18,014,312.47. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this link.

Michael Stock also recently completed the following transaction(s):

• On Monday, April 1, Michael Stock sold 20,000 shares of Liberty Energy. The stock sold at an average price of $20.87, for a total value of $417,400.00.

Liberty Energy Price Performance

LBRT opened at $21.33 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.48 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $21.53 and its 200-day moving average price is $19.97. Liberty Energy Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $23.31. The company has a market cap of $3.55 billion, a price-to-earnings ratio of 7.78, a price-to-earnings growth ratio of 1.11, and a beta of 1.83.

Liberty Energy (NYSE:LBRT – Get Free Report) last reported its quarterly earnings results on Thursday, April 18. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.54 by ($0.06). The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The company’s revenue for the quarter fell 12.8% year over year. During the same period last year, the company posted earnings per share of $0.90. As a group, sell-side analysts expect Liberty Energy Inc. will post earnings per share of 2.52 for the current year.

Liberty Energy announces dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20. Shareholders of record on Thursday, June 6 will receive a dividend of $0.07 per share. This represents a dividend of $0.28 annually and a dividend yield of 1.31%. The ex-dividend date is Wednesday, June 5. Liberty Energy’s dividend payout ratio (DPR) is 10.22%.

Changes in analyst ratings

Several equity research analysts have issued reports on LBRT stock. Barclays raised their price objective on Liberty Energy from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, April 19. Piper Sandler raised their target price on shares of Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, January 26. TD Cowen raised their price objective on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a report on Friday, April 19. Royal Bank of Canada raised their target price on shares of Liberty Energy from $25.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, April 19. Finally, Morgan Stanley reaffirmed an equalweight rating and set a $24.00 price target on shares of Liberty Energy in a research report on Monday, April 22nd. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $24.30.

Check out our latest report on Liberty Energy

Hedge funds weigh on Liberty Energy

Institutional investors have recently changed their holdings in the company. Jackson Creek Investment Advisors LLC acquired a new position in Liberty Energy during the fourth quarter valued at approximately $800,000. International Assets Investment Management LLC increased its holdings in shares of Liberty Energy by 1,777.4% during the fourth quarter. International Assets Investment Management LLC now owns 233,280 shares of the company’s stock valued at $4,232,000 after purchasing an additional 220,854 shares in the last quarter. American Century Companies Inc. increased its position in Liberty Energy shares by 12.4% during the third quarter. American Century Companies Inc. now owns 2,241,076 shares of the company’s stock worth $41,505,000 after purchasing an additional 247,074 shares during the period. Knights of Columbus Asset Advisors LLC purchased a new position in Liberty Energy in the 4th quarter valued at approximately $3,532,000. Finally, the Public Sector Pension Investment Board acquired a new stake in Liberty Energy in the third quarter worth approximately $3,549,000. Institutional investors own 98.22% of the company’s shares.

Liberty Energy Company Profile

(Get a 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 fracking services, including ancillary services such as wireline services, proppant supply solutions, field gas processing and handling, compressed natural gas (CNG) supply, data analytics, related goods including sand mining operations and technologies; and fueling and logistics of well locations.

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