Liberty Energy Inc. (NYSE:LBRT) CFO Sells $115,000.00 in Stock

Liberty Energy Inc. (NYSE:LBRT) CFO Michael Stock sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $23.00, for a total value of $115,000.00. Following the completion of the sale, the chief financial officer now owns 675,207 shares in the company, valued at $15,529,761. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Thursday, January 2nd, Michael Stock sold 20,000 shares of Liberty Energy stock. The stock was 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 shares were 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 stock was sold at an average price of $18.49, for a total value of $184,900.00.
• On Wednesday, November 6th, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were sold at an average price of $18.45, for a total value of $92,250.00.
• On Friday, November 1st, Michael Stock sold 5,000 shares of Liberty Energy stock. The shares were sold at an average price of $17.21, for a total value of $86,050.00.

Liberty Energy Stock Performance

NYSE LBRT traded up $0.46 on Thursday, hitting $23.13. 2,387,196 shares of the stock traded hands, compared to its average volume of 2,841,249. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.23. The business’s fifty day moving average is $18.98 and its two-hundred day moving average is $19.70. Liberty Energy Inc. has a 12 month low of $16.57 and a 12 month high of $24.75. The firm has a market capitalization of $3.78 billion, a price-to-earnings ratio of 11.01 and a beta of 1.66.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.10). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a net margin of 8.02% and a return on equity of 18.50%. The company’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.85 earnings per share. As a group, equities analysts anticipate that Liberty Energy Inc. will post 1.66 EPS for the current fiscal year.

Institutional Trading of Liberty Energy

Hedge funds and other institutional investors have recently modified their holdings of the business. Park Avenue Securities LLC lifted its position in shares of Liberty Energy by 5.0% during the fourth quarter. Park Avenue Securities LLC now owns 29,700 shares of the company’s stock worth $591,000 after acquiring an additional 1,423 shares in the last quarter. Harbour Capital Advisors LLC bought a new position in shares of Liberty Energy in the fourth quarter valued at approximately $498,000. Cooper Financial Group purchased a new position in Liberty Energy during the fourth quarter valued at approximately $209,000. Harbor Capital Advisors Inc. increased its holdings in Liberty Energy by 0.9% during the 4th quarter. Harbor Capital Advisors Inc. now owns 82,223 shares of the company’s stock worth $1,635,000 after acquiring an additional 708 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in Liberty Energy by 61.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock worth $60,061,000 after purchasing an additional 1,193,918 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on LBRT shares. The Goldman Sachs Group initiated coverage on shares of Liberty Energy in a report on Friday, December 13th. They set a “neutral” rating and a $19.00 price objective on the stock. TD Cowen decreased their target price on shares of Liberty Energy from $18.00 to $16.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus decreased their price objective on Liberty Energy from $25.00 to $23.00 and set a “buy” rating for the company in a report on Monday, January 6th. Royal Bank of Canada decreased their price target on Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Finally, Seaport Res Ptn upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research note on Sunday, January 5th. Five research analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $22.20.

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.