Liberty Energy (NYSE:LBRT) CFO Michael Stock Sells 3,333 Shares

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 3,333 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was 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 owned 783,710 shares in the company, valued at approximately $24,295,010. The trade was a 0.42% 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. 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 stock was 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 stock was sold at an average price of $33.48, for a total value of $669,533.04.

Liberty Energy Trading Up 6.5%

NYSE:LBRT traded up $1.90 during midday trading on Tuesday, hitting $31.27. The stock had a trading volume of 4,002,559 shares, compared to its average volume of 4,298,846. Liberty Energy Inc. has a one year low of $9.90 and a one year high of $34.48. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 34.37, a PEG ratio of 8.75 and a beta of 0.56. The stock has a 50-day moving average of $30.41 and a 200 day moving average of $25.02. The company has a quick ratio of 1.97, a current ratio of 2.21 and a debt-to-equity ratio of 0.75.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.19. Liberty Energy had a return on equity of 1.41% and a net margin of 3.71%.The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $954.71 million. During the same quarter in the prior year, the firm earned $0.04 earnings per share. Liberty Energy’s revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Liberty Energy Inc. will post 0.07 EPS for the current year.

Liberty Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays increased their price objective on Liberty Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, May 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Energy in a research note on Friday, May 1st. Wall Street Zen upgraded Liberty Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Bank of America raised Liberty Energy from a “neutral” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Tuesday, February 17th. Finally, Piper Sandler upped their price objective on Liberty Energy from $32.00 to $38.00 and gave the stock an “overweight” rating in a research note on Monday, April 27th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.42.

Institutional Trading of Liberty Energy

A number of institutional investors have recently made changes to their positions in LBRT. Root Financial Partners LLC boosted its position in shares of Liberty Energy by 79.6% in the 1st quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after purchasing an additional 405 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in shares of Liberty Energy in the 1st quarter worth $26,000. Summit Securities Group LLC acquired a new stake in shares of Liberty Energy in the 1st quarter worth $28,000. Los Angeles Capital Management LLC acquired a new stake in shares of Liberty Energy in the 4th quarter worth $29,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Liberty Energy in the 3rd quarter worth $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.