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

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 25,000 shares of the stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $25.38, for a total value of $634,500.00. Following the completion of the sale, the chief financial officer owned 784,819 shares in the company, valued at approximately $19,918,706.22. The trade was a 3.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Liberty Energy Price Performance

Liberty Energy stock opened at $24.20 on Wednesday. Liberty Energy Inc. has a 1 year low of $9.50 and a 1 year high of $27.21. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.22 and a quick ratio of 0.96. The firm has a 50-day moving average of $20.42 and a two-hundred day moving average of $15.96. The stock has a market cap of $3.92 billion, a price-to-earnings ratio of 27.19 and a beta of 0.49.

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

Liberty Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Wednesday, March 4th. Liberty Energy’s payout ratio is presently 40.45%.

Institutional Trading of Liberty Energy

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Liberty Energy by 0.5% in the 4th quarter. Vanguard Group Inc. now owns 18,096,443 shares of the company’s stock worth $334,060,000 after acquiring an additional 97,998 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Liberty Energy by 78.5% during the 3rd quarter. Franklin Resources Inc. now owns 8,575,840 shares of the company’s stock valued at $105,826,000 after buying an additional 3,771,724 shares during the period. American Century Companies Inc. lifted its holdings in Liberty Energy by 28.2% in the third quarter. American Century Companies Inc. now owns 7,809,390 shares of the company’s stock valued at $96,368,000 after acquiring an additional 1,716,007 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in Liberty Energy by 21.7% in the second quarter. The Manufacturers Life Insurance Company now owns 2,967,041 shares of the company’s stock worth $34,062,000 after acquiring an additional 529,023 shares during the period. Finally, Balyasny Asset Management L.P. increased its stake in Liberty Energy by 1,529.2% during the third quarter. Balyasny Asset Management L.P. now owns 2,753,357 shares of the company’s stock worth $33,976,000 after acquiring an additional 2,584,359 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on LBRT shares. TD Cowen upped their price objective on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Barclays boosted their target price on shares of Liberty Energy from $17.00 to $23.00 and gave the company an “equal weight” rating in a research note on Tuesday, February 3rd. JPMorgan Chase & Co. upgraded shares of Liberty Energy from a “neutral” rating to an “overweight” rating and set a $24.00 price target on the stock in a research report on Wednesday, December 10th. UBS Group reaffirmed a “buy” rating and issued a $34.00 price objective on shares of Liberty Energy in a report on Friday, January 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Liberty Energy in a research note on Monday, December 29th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $24.64.

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.