Michael Stock Sells 13,332 Shares of Liberty Energy (NYSE:LBRT) Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 13,332 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $29.46, for a total transaction of $392,760.72. Following the completion of the transaction, the chief financial officer owned 787,043 shares of the company’s stock, valued at approximately $23,186,286.78. This trade represents a 1.67% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Michael Stock also recently made the following trade(s):

• On Tuesday, June 2nd, Michael Stock sold 3,333 shares of Liberty Energy stock. The shares were 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 shares were sold at an average price of $33.48, for a total transaction of $669,533.04.

Liberty Energy Stock Down 0.4%

Shares of NYSE LBRT opened at $31.14 on Thursday. The company has a 50 day simple moving average of $30.45 and a 200 day simple moving average of $25.24. The firm has a market cap of $5.08 billion, a PE ratio of 34.21, a price-to-earnings-growth ratio of 9.34 and a beta of 0.51. Liberty Energy Inc. has a 1 year low of $9.90 and a 1 year high of $34.48. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.21 and a quick ratio of 1.97.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.19. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $954.71 million. Liberty Energy had a net margin of 3.71% and a return on equity of 1.41%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $0.04 EPS. On average, research analysts forecast that Liberty Energy Inc. will post 0.07 EPS for the current year.

Liberty Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Thursday, June 4th. Liberty Energy’s dividend payout ratio (DPR) is 39.56%.

Analyst Ratings Changes

Several research analysts have issued reports on LBRT shares. Weiss Ratings restated a “hold (c)” rating on shares of Liberty Energy in a report on Friday, May 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $32.00 price target on shares of Liberty Energy in a report on Friday, April 24th. Morgan Stanley set a $36.00 price target on shares of Liberty Energy in a report on Monday, April 27th. Wall Street Zen upgraded shares of Liberty Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Stifel Nicolaus raised their price target on shares of Liberty Energy from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.50.

Institutional Trading of Liberty Energy

Large investors have recently modified their holdings of the stock. Root Financial Partners LLC grew its position in shares of Liberty Energy by 79.6% during 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 during the period. Valued Wealth Advisors LLC acquired a new stake in shares of Liberty Energy during the 1st quarter worth approximately $26,000. Summit Securities Group LLC acquired a new stake in shares of Liberty Energy during the 1st quarter worth approximately $28,000. Los Angeles Capital Management LLC acquired a new stake in shares of Liberty Energy during the 4th quarter worth approximately $29,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Liberty Energy during the 3rd quarter worth approximately $29,000. Institutional investors and hedge funds own 98.22% of the company’s stock.

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.