Liberty Energy (NYSE:LBRT) CFO Sells $634,500.00 in Stock

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

Liberty Energy Price Performance

LBRT stock opened at $24.59 on Thursday. The company’s 50-day moving average price is $20.52 and its two-hundred day moving average price is $16.02. The firm has a market cap of $3.99 billion, a P/E ratio of 27.63 and a beta of 0.49. The company has a quick ratio of 0.96, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. Liberty Energy Inc. has a 12 month low of $9.50 and a 12 month high of $27.21.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, January 28th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.21. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $880.59 million. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. The firm’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. On average, analysts anticipate that Liberty Energy Inc. will post 0.58 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 Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, March 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.5%. Liberty Energy’s payout ratio is 40.45%.

Institutional Trading of Liberty Energy

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Shields Capital Management LLC acquired a new position in Liberty Energy during the 2nd quarter worth about $29,000. Los Angeles Capital Management LLC bought a new position in shares of Liberty Energy during the fourth quarter worth about $29,000. Kelleher Financial Advisors bought a new position in shares of Liberty Energy during the third quarter worth about $29,000. First Horizon Corp lifted its stake in shares of Liberty Energy by 58.2% in the fourth quarter. First Horizon Corp now owns 1,620 shares of the company’s stock worth $30,000 after acquiring an additional 596 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Liberty Energy in the 4th quarter worth approximately $32,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LBRT shares. JPMorgan Chase & Co. upgraded Liberty Energy from a “neutral” rating to an “overweight” rating and set a $24.00 target price on the stock in a research report on Wednesday, December 10th. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Liberty Energy in a research report on Thursday, January 15th. TD Cowen increased their price objective on shares of Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Citigroup raised shares of Liberty Energy from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $12.00 to $21.00 in a research note on Tuesday, October 21st. Finally, Zacks Research upgraded Liberty Energy from a “strong sell” rating to a “hold” rating in a research note on Monday, December 15th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.64.

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. 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.