Key Points
- Liberty Energy CFO Michael Stock sold 3,333 shares on June 2 at an average price of $31.00, totaling about $103,323. The sale was made under a pre-arranged Rule 10b5-1 plan.
- Stock has been active in selling Liberty Energy shares recently, including 13,332 shares on June 1 and 19,998 shares on May 20, suggesting a broader pattern of insider selling.
- Liberty Energy recently beat earnings expectations, posting $0.06 EPS versus the expected loss and revenue of $1.02 billion. The company also announced a quarterly dividend of $0.09 per share, and analysts currently rate the stock as Moderate Buy.
Liberty Energy Inc. (NYSE:LBRT - Get Free Report) CFO Michael Stock sold 3,333 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $31.00, for a total transaction of $103,323.00. Following the completion of the sale, the chief financial officer owned 783,710 shares of the company's stock, valued at approximately $24,295,010. The trade was a 0.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 stock was sold at an average price of $29.46, for a total transaction 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 transaction of $669,533.04.
Liberty Energy Stock Performance
NYSE:LBRT opened at $31.27 on Wednesday. Liberty Energy Inc. has a 12-month low of $9.90 and a 12-month high of $34.48. The company has a quick ratio of 1.97, a current ratio of 2.21 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $5.10 billion, a PE ratio of 34.37, a price-to-earnings-growth ratio of 8.78 and a beta of 0.51. The firm has a 50-day moving average price of $30.41 and a 200 day moving average price of $25.02.
Liberty Energy (NYSE:LBRT - Get Free Report) last posted its quarterly earnings results 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 net margin of 3.71% and a return on equity of 1.41%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $954.71 million. During the same quarter in the prior year, the business posted $0.04 earnings per share. The company's quarterly revenue was up 4.5% compared to the same quarter last year. Research analysts anticipate that Liberty Energy Inc. will post 0.07 earnings per share for the current fiscal year.
Liberty Energy Dividend Announcement
The firm 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. This represents a $0.36 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. Liberty Energy's dividend payout ratio is 39.56%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on LBRT shares. Morgan Stanley set a $36.00 price target on shares of Liberty Energy in a research report on Monday, April 27th. Stifel Nicolaus increased their price target on shares of Liberty Energy from $28.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, April 24th. Bank of America raised shares of 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. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $32.00 price objective on shares of Liberty Energy in a report on Friday, April 24th. Finally, The Goldman Sachs Group raised their price objective on shares of Liberty Energy from $26.00 to $30.00 and gave the stock a "neutral" rating in a report on Wednesday, March 4th. Seven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $30.42.
Read Our Latest Stock Analysis on LBRT
Institutional Trading of Liberty Energy
Hedge funds have recently modified their holdings of the company. Florida Financial Advisors LLC acquired a new stake in shares of Liberty Energy during the third quarter worth approximately $1,318,000. Vanguard Group Inc. increased its holdings in shares of Liberty Energy by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 18,096,443 shares of the company's stock worth $334,060,000 after buying an additional 97,998 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in shares of Liberty Energy by 94.3% during the third quarter. Hantz Financial Services Inc. now owns 95,511 shares of the company's stock worth $1,179,000 after buying an additional 46,366 shares in the last quarter. Aventail Capital Group LP increased its holdings in shares of Liberty Energy by 94.6% during the third quarter. Aventail Capital Group LP now owns 334,637 shares of the company's stock worth $4,129,000 after buying an additional 162,668 shares in the last quarter. Finally, Round Rock Advisors LLC increased its holdings in shares of Liberty Energy by 65.3% during the fourth quarter. Round Rock Advisors LLC now owns 104,213 shares of the company's stock worth $1,956,000 after buying an additional 41,163 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company's stock.
About Liberty Energy
(
Get Free Report)
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.
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