Liberty Energy Inc. (NYSE:LBRT - Get Free Report) CFO Michael Stock sold 5,000 shares of Liberty Energy stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $17.21, for a total value of $86,050.00. Following the completion of the transaction, the chief financial officer now directly owns 725,207 shares in the company, valued at $12,480,812.47. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Michael Stock also recently made the following trade(s):
- On Tuesday, October 1st, Michael Stock sold 15,000 shares of Liberty Energy stock. The stock was sold at an average price of $19.23, for a total value of $288,450.00.
- On Wednesday, September 18th, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were sold at an average price of $21.01, for a total value of $105,050.00.
- On Tuesday, September 3rd, Michael Stock sold 15,000 shares of Liberty Energy stock. The shares were sold at an average price of $20.01, for a total value of $300,150.00.
Liberty Energy Stock Up 2.5 %
Shares of Liberty Energy stock traded up $0.41 on Monday, hitting $17.09. 1,859,968 shares of the company's stock traded hands, compared to its average volume of 2,503,708. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market cap of $2.79 billion, a P/E ratio of 7.94, a PEG ratio of 1.25 and a beta of 1.70. Liberty Energy Inc. has a 52-week low of $16.57 and a 52-week high of $24.75. The firm's 50-day moving average is $19.41 and its 200 day moving average is $20.96.
Liberty Energy (NYSE:LBRT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.55 by ($0.10). The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a return on equity of 18.50% and a net margin of 8.02%. Liberty Energy's quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.85 earnings per share. Equities analysts anticipate that Liberty Energy Inc. will post 1.75 earnings per share for the current year.
Liberty Energy Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.08 dividend. This is a boost from Liberty Energy's previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.87%. Liberty Energy's dividend payout ratio is presently 13.33%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on LBRT shares. TD Cowen dropped their price target on Liberty Energy from $21.00 to $20.00 and set a "hold" rating on the stock in a research note on Friday, July 19th. Wells Fargo & Company decreased their price objective on Liberty Energy from $25.00 to $24.00 and set an "overweight" rating on the stock in a report on Friday, October 18th. Barclays cut their target price on Liberty Energy from $26.00 to $24.00 and set an "overweight" rating for the company in a research note on Wednesday, October 16th. Stifel Nicolaus dropped their target price on shares of Liberty Energy from $26.00 to $25.00 and set a "buy" rating for the company in a report on Friday, October 18th. Finally, Piper Sandler reduced their target price on shares of Liberty Energy from $28.00 to $25.00 and set an "overweight" rating on the stock in a report on Monday, July 15th. Five analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $22.89.
Check Out Our Latest Report on LBRT
Hedge Funds Weigh In On Liberty Energy
Hedge funds and other institutional investors have recently modified their holdings of the stock. Envestnet Portfolio Solutions Inc. raised its stake in shares of Liberty Energy by 4.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,262 shares of the company's stock valued at $296,000 after acquiring an additional 543 shares in the last quarter. Andina Capital Management LLC lifted its holdings in Liberty Energy by 3.9% during the 2nd quarter. Andina Capital Management LLC now owns 18,599 shares of the company's stock worth $389,000 after buying an additional 691 shares in the last quarter. Creative Planning boosted its position in shares of Liberty Energy by 3.7% in the 3rd quarter. Creative Planning now owns 19,456 shares of the company's stock worth $371,000 after purchasing an additional 703 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Liberty Energy by 27.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company's stock worth $59,000 after purchasing an additional 709 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Liberty Energy by 69.2% in the second quarter. GAMMA Investing LLC now owns 1,743 shares of the company's stock valued at $36,000 after buying an additional 713 shares during the period. 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.
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