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

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) CFO Michael Stock sold 3,333 shares of the firm's stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $20.00, for a total value of $66,660.00. Following the completion of the sale, the chief financial officer owned 753,713 shares of the company's stock, valued at approximately $15,074,260. This trade represents a 0.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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Michael Stock also recently made the following trade(s):

• On Thursday, October 1st, Michael Stock sold 3,333 shares of Liberty Energy stock. The stock was sold at an average price of $18.17, for a total transaction of $60,560.61.
• On Tuesday, September 1st, Michael Stock sold 6,666 shares of Liberty Energy stock. The stock was sold at an average price of $19.84, for a total transaction of $132,253.44.
• On Monday, August 3rd, Michael Stock sold 3,333 shares of Liberty Energy stock. The shares were sold at an average price of $17.95, for a total transaction of $59,827.35.

Liberty Energy Trading Down 3.4%

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Shares of NYSE LBRT opened at $19.43 on Thursday. Liberty Energy Inc. has a 1-year low of $11.52 and a 1-year high of $34.48. The company has a 50-day moving average of $19.73 and a two-hundred day moving average of $25.17. The company has a market cap of $3.17 billion, a PE ratio of 26.25, a P/E/G ratio of 3.40 and a beta of 0.71. The company has a current ratio of 1.99, a quick ratio of 1.75 and a debt-to-equity ratio of 0.74.

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Liberty Energy (NYSE:LBRT - Get Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.09 billion. Liberty Energy had a net margin of 2.92% and a return on equity of 1.14%. Liberty Energy's revenue was up 14.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.12 earnings per share. As a group, equities analysts expect that Liberty Energy Inc. will post 0.3 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 18th. Shareholders of record on Friday, September 4th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, September 4th. This represents a $0.36 annualized dividend and a yield of 1.9%. Liberty Energy's dividend payout ratio is currently 48.65%.

Hedge Funds Weigh In On Liberty Energy

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Readystate Asset Management LP bought a new position in shares of Liberty Energy in the 2nd quarter worth $5,660,000. Eventide Asset Management LLC bought a new stake in Liberty Energy in the fourth quarter valued at about $36,394,000. Engineers Gate Manager LP bought a new stake in Liberty Energy in the second quarter valued at about $3,099,000. Arlington Capital Management Inc. bought a new stake in Liberty Energy in the second quarter valued at about $3,821,000. Finally, Clearline Capital LP acquired a new position in Liberty Energy in the fourth quarter valued at about $8,205,000. 98.22% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

LBRT has been the subject of several research reports. The Goldman Sachs Group set a $23.00 target price on Liberty Energy in a research note on Friday, August 7th. Stifel Nicolaus cut their price target on Liberty Energy from $37.00 to $36.00 and set a "buy" rating on the stock in a research note on Friday, July 24th. Wall Street Zen cut Liberty Energy from a "hold" rating to a "sell" rating in a report on Saturday, August 1st. Barclays upgraded Liberty Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the stock from $23.00 to $27.00 in a research report on Monday, September 28th. Finally, Royal Bank Of Canada dropped their price objective on Liberty Energy from $34.00 to $29.00 and set a "sector perform" rating for the company in a report on Friday, July 24th. Eight equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $27.54.

Check Out Our Latest Research Report on Liberty Energy

Liberty Energy Company Profile

(Get Free Report)

Liberty Energy Inc is an oilfield services company that provides hydraulic fracturing and related completion services to exploration and production companies. Its operations support the development of unconventional oil and natural gas wells, primarily in North America.

The company's services and technologies include pressure pumping, well stimulation, wireline services, proppant and logistics solutions, and digital tools designed to improve completion performance and operational efficiency.

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