Liberty Energy (NYSE:LBRT) CFO Michael Stock Sells 25,000 Shares

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 25,000 shares of Liberty Energy stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $25.38, for a total value of $634,500.00. Following the transaction, the chief financial officer owned 784,819 shares of the company’s stock, valued at $19,918,706.22. The trade was a 3.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Liberty Energy Stock Performance

Shares of LBRT remained flat at $25.23 during mid-day trading on Monday. The stock had a trading volume of 3,556,816 shares, compared to its average volume of 4,910,697. The company has a current ratio of 1.22, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22. The stock has a market cap of $4.09 billion, a PE ratio of 28.35 and a beta of 0.49. Liberty Energy Inc. has a 52 week low of $9.50 and a 52 week high of $27.21. The business’s fifty day moving average price is $20.31 and its 200-day moving average price is $15.88.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.21. Liberty Energy had a return on equity of 1.24% and a net margin of 3.69%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $880.59 million. During the same quarter last year, the firm posted $0.10 EPS. The company’s quarterly revenue was up 10.1% on a year-over-year basis. Research analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Wednesday, March 4th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, March 4th. This represents a $0.36 annualized dividend and a yield of 1.4%. Liberty Energy’s payout ratio is 40.45%.

Hedge Funds Weigh In On Liberty Energy

A number of hedge funds have recently bought and sold shares of the company. Franklin Resources Inc. grew its stake in shares of Liberty Energy by 78.5% in the 3rd quarter. Franklin Resources Inc. now owns 8,575,840 shares of the company’s stock worth $105,826,000 after acquiring an additional 3,771,724 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Liberty Energy by 1,529.2% in the 3rd quarter. Balyasny Asset Management L.P. now owns 2,753,357 shares of the company’s stock worth $33,976,000 after purchasing an additional 2,584,359 shares in the last quarter. Sourcerock Group LLC bought a new stake in Liberty Energy in the 2nd quarter worth about $23,653,000. Cooper Creek Partners Management LLC purchased a new stake in Liberty Energy in the 3rd quarter valued at about $22,336,000. Finally, American Century Companies Inc. lifted its position in shares of Liberty Energy by 28.2% during the 3rd quarter. American Century Companies Inc. now owns 7,809,390 shares of the company’s stock worth $96,368,000 after buying an additional 1,716,007 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LBRT. Wall Street Zen raised shares of Liberty Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Research upgraded Liberty Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 15th. Barclays raised their target price on Liberty Energy from $17.00 to $23.00 and gave the company an “equal weight” rating in a report on Tuesday, February 3rd. Stifel Nicolaus boosted their price target on Liberty Energy from $23.00 to $28.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Finally, Piper Sandler raised Liberty Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $17.00 to $32.00 in a research note on Monday, February 2nd. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Liberty Energy presently has an average rating of “Hold” and a consensus price target of $24.64.

Liberty Energy Company Profile

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.