Liberty Energy (NYSE:LBRT) CFO Sells $634,500.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 25,000 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was 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 directly owned 784,819 shares in the company, valued at $19,918,706.22. This trade represents a 3.09% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Liberty Energy Stock Performance

LBRT stock remained flat at $25.23 during mid-day trading on Monday. 3,556,816 shares of the company’s stock traded hands, compared to its average volume of 4,910,697. 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 stock has a market cap of $4.09 billion, a price-to-earnings ratio of 28.35 and a beta of 0.49. The firm’s 50 day moving average is $20.31 and its two-hundred day moving average is $15.88. Liberty Energy Inc. has a twelve month low of $9.50 and a twelve month high of $27.21.

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

Liberty Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have commented on LBRT. Weiss Ratings restated a “hold (c-)” rating on shares of Liberty Energy in a research note on Monday, December 29th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $26.00 price objective on shares of Liberty Energy in a research note on Wednesday. JPMorgan Chase & Co. upgraded shares of Liberty Energy from a “neutral” rating to an “overweight” rating and set a $24.00 target price on the stock in a research note on Wednesday, December 10th. Wall Street Zen raised shares of Liberty Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, UBS Group reaffirmed a “buy” rating and issued a $34.00 price target on shares of Liberty Energy in a report on Friday, January 30th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $24.64.

Institutional Investors Weigh In On Liberty Energy

Hedge funds have recently added to or reduced their stakes in the company. Wellington Shields Capital Management LLC purchased a new position in shares of Liberty Energy during the 2nd quarter valued at about $29,000. Kelleher Financial Advisors purchased a new position in shares of Liberty Energy during the third quarter worth approximately $29,000. First Horizon Corp lifted its holdings in shares of Liberty Energy by 58.2% in the 4th quarter. First Horizon Corp now owns 1,620 shares of the company’s stock worth $30,000 after acquiring an additional 596 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Liberty Energy in the 4th quarter valued at $32,000. Finally, Advisory Services Network LLC bought a new position in shares of Liberty Energy during the 3rd quarter valued at $35,000. Institutional investors 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.