Liberty Energy (NYSE:LBRT) CFO Sells $103,323.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 3,333 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $31.00, for a total value of $103,323.00. Following the completion of the sale, the chief financial officer directly owned 783,710 shares in the company, valued at approximately $24,295,010. This represents a 0.42% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 1st, Michael Stock sold 13,332 shares of Liberty Energy stock. The shares were sold at an average price of $29.46, for a total value of $392,760.72.
• 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 value of $669,533.04.

Liberty Energy Trading Up 1.8%

Shares of LBRT stock opened at $31.61 on Friday. The stock’s fifty day moving average price is $30.49 and its two-hundred day moving average price is $25.35. The company has a market cap of $5.16 billion, a PE ratio of 34.74, a P/E/G ratio of 9.28 and a beta of 0.51. Liberty Energy Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $34.48. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.97 and a current ratio of 2.21.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, April 22nd. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.19. The firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $954.71 million. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The company’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.04 EPS. Equities analysts predict that Liberty Energy Inc. will post 0.07 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, June 4th. Liberty Energy’s dividend payout ratio (DPR) is currently 39.56%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Liberty Energy by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,205 shares of the company’s stock worth $1,491,000 after acquiring an additional 4,095 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of Liberty Energy by 1,992.2% in the 1st quarter. NewEdge Advisors LLC now owns 12,030 shares of the company’s stock worth $190,000 after acquiring an additional 11,455 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Liberty Energy by 0.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 868,978 shares of the company’s stock worth $13,756,000 after acquiring an additional 4,955 shares in the last quarter. Intech Investment Management LLC raised its position in shares of Liberty Energy by 22.0% in the 1st quarter. Intech Investment Management LLC now owns 81,446 shares of the company’s stock worth $1,289,000 after acquiring an additional 14,663 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Liberty Energy in the 2nd quarter worth about $119,000. 98.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on LBRT shares. Bank of America raised Liberty Energy from a “neutral” rating to a “buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, February 17th. Barclays raised their price objective on Liberty Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Citigroup raised their price objective on Liberty Energy from $21.00 to $32.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Energy in a report on Friday, May 1st. Finally, Stifel Nicolaus raised their price objective on Liberty Energy from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, Liberty Energy currently has an average rating of “Moderate Buy” and an average target price of $32.18.

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.