Liberty Energy (NYSE:LBRT) CFO Michael Stock Sells 19,998 Shares

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 19,998 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $33.48, for a total transaction of $669,533.04. Following the sale, the chief financial officer owned 800,375 shares in the company, valued at approximately $26,796,555. This trade represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a 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.

Liberty Energy Trading Down 1.2%

Shares of NYSE:LBRT opened at $32.72 on Thursday. Liberty Energy Inc. has a 52 week low of $9.90 and a 52 week high of $34.48. The company’s 50 day moving average is $30.36 and its two-hundred day moving average is $24.27. The company has a current ratio of 2.21, a quick ratio of 1.97 and a debt-to-equity ratio of 0.75. The company has a market cap of $5.34 billion, a PE ratio of 35.95, a P/E/G ratio of 9.90 and a beta of 0.56.

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

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.1%. Liberty Energy’s payout ratio is 39.56%.

Analysts Set New Price Targets

Several research analysts have issued reports on LBRT shares. Citigroup raised their price objective on shares of Liberty Energy from $21.00 to $32.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Wall Street Zen raised shares of Liberty Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Morgan Stanley set a $36.00 price objective on shares of Liberty Energy in a research report on Monday, April 27th. TD Cowen raised their price objective on shares of Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, January 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Liberty Energy in a research note on Friday, May 1st. 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 stock currently has an average rating of “Moderate Buy” and an average price target of $30.42.

Hedge Funds Weigh In On Liberty Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Root Financial Partners LLC raised its position in Liberty Energy by 79.6% during the first quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after acquiring an additional 405 shares during the last quarter. Valued Wealth Advisors LLC acquired a new position in shares of Liberty Energy in the first quarter valued at approximately $26,000. Summit Securities Group LLC acquired a new position in shares of Liberty Energy in the first quarter valued at approximately $28,000. Los Angeles Capital Management LLC acquired a new position in shares of Liberty Energy in the fourth quarter valued at approximately $29,000. Finally, Kelleher Financial Advisors acquired a new position in shares of Liberty Energy in the third quarter valued at 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.