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

Key Points

• Liberty Energy CFO Michael Stock sold 3,333 shares at an average price of $18.17, totaling $60,560.61. The transaction, conducted under a pre-arranged Rule 10b5-1 plan, reduced his holdings by 0.44% to 757,046 shares.
• Liberty Energy reported quarterly revenue of $1.19 billion and EPS of $0.09, exceeding analyst estimates, while revenue rose 14% year over year. The company also pays a quarterly dividend of $0.09 per share, yielding approximately 1.8% annually.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $27.54, despite recent target reductions and mixed rating changes. Shares recently traded near $19.61, well below their 52-week high of $34.48.

Liberty Energy Inc. (NYSE:LBRT - Get Free Report) CFO Michael Stock sold 3,333 shares of the company's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $18.17, for a total transaction of $60,560.61. Following the transaction, the chief financial officer owned 757,046 shares in the company, valued at $13,755,525.82. The trade was a 0.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

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

Liberty Energy Price Performance

Shares of Liberty Energy stock traded up $0.30 on Monday, hitting $19.61. The company's stock had a trading volume of 3,500,316 shares, compared to its average volume of 4,267,744. The company has a market capitalization of $3.20 billion, a P/E ratio of 26.51, a price-to-earnings-growth ratio of 3.04 and a beta of 0.71. Liberty Energy Inc. has a 52-week low of $11.52 and a 52-week high of $34.48. The firm has a fifty day moving average price of $19.58 and a 200-day moving average price of $25.42. The company has a quick ratio of 1.75, a current ratio of 1.99 and a debt-to-equity ratio of 0.74.

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. Liberty Energy had a net margin of 2.92% and a return on equity of 1.14%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business earned $0.12 earnings per share. The company's quarterly revenue was up 14.0% on a year-over-year basis. On average, equities research analysts expect that Liberty Energy Inc. will post 0.31 earnings per share for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 18th. Investors of record on Friday, September 4th were given a dividend of $0.09 per share. The ex-dividend date was Friday, September 4th. This represents a $0.36 annualized dividend and a yield of 1.8%. Liberty Energy's dividend payout ratio is 48.65%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in Liberty Energy by 901.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 4,431,125 shares of the company's stock valued at $127,616,000 after purchasing an additional 3,988,535 shares in the last quarter. Bank of New York Mellon Corp purchased a new position in Liberty Energy in the 2nd quarter valued at about $61,185,000. Eventide Asset Management LLC purchased a new position in Liberty Energy in the 4th quarter valued at about $36,394,000. Empyrean Capital Partners LP acquired a new stake in shares of Liberty Energy during the fourth quarter valued at about $22,152,000. Finally, Atom Investors LP acquired a new stake in shares of Liberty Energy during the fourth quarter valued at about $9,484,000. 98.22% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LBRT. Zacks Research downgraded Liberty Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, July 21st. Morgan Stanley set a $32.00 price target on Liberty Energy in a research report on Friday, July 24th. Piper Sandler cut their price objective on Liberty Energy from $34.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, August 27th. Barclays raised Liberty Energy from an "equal weight" rating to an "overweight" rating and lifted their price objective for the company from $23.00 to $27.00 in a research note on Monday, September 28th. Finally, Royal Bank Of Canada decreased their target price 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 investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $27.54.

About Liberty Energy

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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