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

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 3,333 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $17.95, for a total transaction of $59,827.35. Following the completion of the transaction, the chief financial officer directly owned 770,378 shares in the company, valued at $13,828,285.10. This trade represents a 0.43% decrease in their position. The sale was disclosed in a legal filing 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 Wednesday, July 1st, Michael Stock sold 9,999 shares of Liberty Energy stock. The stock was sold at an average price of $25.89, for a total transaction of $258,874.11.
• 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 transaction of $392,760.72.
• 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 stock was sold at an average price of $33.48, for a total transaction of $669,533.04.

Liberty Energy Trading Up 4.7%

Shares of Liberty Energy stock traded up $0.90 on Tuesday, hitting $19.88. 6,443,481 shares of the company’s stock traded hands, compared to its average volume of 5,544,509. The firm’s 50-day moving average price is $25.20 and its two-hundred day moving average price is $27.14. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.99 and a quick ratio of 1.75. The stock has a market capitalization of $3.24 billion, a PE ratio of 26.87, a price-to-earnings-growth ratio of 3.62 and a beta of 0.60. Liberty Energy Inc. has a one year low of $9.90 and a one year high of $34.48.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.09 billion. Liberty Energy had a return on equity of 1.14% and a net margin of 2.92%.The firm’s revenue was up 14.0% on a year-over-year basis. During the same period last year, the company earned $0.12 EPS. On average, research analysts expect that Liberty Energy Inc. will post 0.25 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.8%. The ex-dividend date is Friday, September 4th. Liberty Energy’s payout ratio is presently 48.65%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LBRT shares. Piper Sandler decreased their price objective on shares of Liberty Energy from $38.00 to $34.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Energy in a research report on Wednesday, July 29th. Royal Bank Of Canada decreased their price target on shares of Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating for the company in a report on Friday, July 24th. Wall Street Zen cut shares of Liberty Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, Barclays raised 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. Seven analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.09.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in shares of Liberty Energy by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 18,096,443 shares of the company’s stock worth $334,060,000 after acquiring an additional 97,998 shares during the period. Round Rock Advisors LLC grew its stake in shares of Liberty Energy by 65.3% in the 4th quarter. Round Rock Advisors LLC now owns 104,213 shares of the company’s stock valued at $1,956,000 after buying an additional 41,163 shares during the period. Strs Ohio increased its holdings in shares of Liberty Energy by 122.4% during the fourth quarter. Strs Ohio now owns 168,800 shares of the company’s stock valued at $3,116,000 after acquiring an additional 92,900 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new stake in Liberty Energy during the 4th quarter valued at $629,000. Finally, UBS Group AG increased its position in shares of Liberty Energy by 20.3% during the fourth quarter. UBS Group AG now owns 790,706 shares of the company’s stock worth $14,596,000 after acquiring an additional 133,167 shares in the last quarter. 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.