Insider Selling: Liberty Energy Inc. (NYSE:LBRT) CFO Sells $179,400.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 10,000 shares of Liberty Energy stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $17.94, for a total value of $179,400.00. Following the completion of the transaction, the chief financial officer now directly owns 717,292 shares in the company, valued at approximately $12,868,218.48. This represents a 1.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, January 16th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $23.00, for a total transaction of $115,000.00.
• On Thursday, January 2nd, Michael Stock sold 20,000 shares of Liberty Energy stock. The shares were sold at an average price of $20.82, for a total transaction of $416,400.00.
• On Monday, December 30th, Michael Stock sold 5,000 shares of Liberty Energy stock. The stock was sold at an average price of $19.51, for a total transaction of $97,550.00.
• On Monday, December 2nd, Michael Stock sold 10,000 shares of Liberty Energy stock. The shares were sold at an average price of $18.49, for a total transaction of $184,900.00.

Liberty Energy Trading Down 2.3 %

Shares of LBRT opened at $17.09 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 1.27. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 9.14 and a beta of 1.63. The stock has a fifty day moving average price of $19.78 and a two-hundred day moving average price of $19.65. Liberty Energy Inc. has a 52-week low of $16.57 and a 52-week high of $24.75.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.28% and a net margin of 7.32%. Analysts predict that Liberty Energy Inc. will post 0.9 EPS for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend is Thursday, March 6th. Liberty Energy’s dividend payout ratio is currently 17.11%.

Analyst Upgrades and Downgrades

LBRT has been the topic of several research reports. The Goldman Sachs Group started coverage on Liberty Energy in a research note on Friday, December 13th. They set a “neutral” rating and a $19.00 price target on the stock. Royal Bank of Canada cut their target price on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Friday, January 31st. Barclays decreased their price target on shares of Liberty Energy from $26.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 16th. Citigroup raised their price objective on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus upped their target price on shares of Liberty Energy from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.30.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of LBRT. Covestor Ltd increased its stake in shares of Liberty Energy by 96.8% in the 3rd quarter. Covestor Ltd now owns 1,704 shares of the company’s stock valued at $33,000 after buying an additional 838 shares during the period. Quarry LP boosted its holdings in Liberty Energy by 237.5% in the third quarter. Quarry LP now owns 1,991 shares of the company’s stock valued at $38,000 after acquiring an additional 1,401 shares during the last quarter. Blue Trust Inc. boosted its holdings in Liberty Energy by 604.9% in the fourth quarter. Blue Trust Inc. now owns 2,460 shares of the company’s stock valued at $47,000 after acquiring an additional 2,111 shares during the last quarter. Spire Wealth Management acquired a new stake in Liberty Energy in the fourth quarter worth about $60,000. Finally, GAMMA Investing LLC lifted its position in Liberty Energy by 82.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,174 shares of the company’s stock valued at $61,000 after purchasing an additional 1,431 shares during the period. 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.