Insider Selling: Wright Christopher A, Liberty Energy Inc. [LBRT] Chairman of the Board & CEO divested 37,500 shares

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The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Liberty Energy Inc. shares valued at $650,250 were sold by Wright Christopher A on Nov 01. At $17.34 per share, Wright Christopher A sold 37,500 shares. The insider’s holdings dropped to 3,268,115 shares worth approximately $55.0 million following the completion of this transaction.


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Also, Wright Christopher A sold 2,300 shares, netting a total of over 39,192 in proceeds. Following the sale of shares at $17.04 each, the insider now holds 3,305,615 shares.

Before that, SCHLUMBERGER LIMITED/NV had sold 12,367,500 shares from its account. In a trade valued at $189,593,775, the 10% Owner traded Liberty Energy Inc. shares for $15.33 each. Upon closing the transaction, the insider’s holdings decreased to 12,367,500 shares, worth approximately $180.11 million.

As published in a research note from Wells Fargo on October 26, 2022, Liberty Energy Inc. [LBRT] has been rated up from an Equal weight to an Overweight and the price target has been revised to $24. This represents a 29.88% premium over Wednesday’s closing price. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in late July. As of March 31, 2022, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for LBRT. Earlier on March 11, 2022, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for LBRT stock which previously was a “a Neutral”.

Analyzing LBRT Stock Performance

On Wednesday, Liberty Energy Inc. [NYSE: LBRT] plunged -2.49% to $16.83. The stock’s lowest price that day was $16.77, but it reached a high of $17.50 in the same session. During the last five days, there has been a surge of approximately 2.12%. Over the course of the year, Liberty Energy Inc. shares have jumped approximately 73.51%. Shares of the company reached a 52-week high of $20.05 on 04/21/22 and a 52-week low of $9.74 on 01/03/22. A 50-day SMA is recorded $14.67, while a 200-day SMA reached $14.26. Nevertheless, trading volume fell to 1.87 million shares from 3.45 million shares the previous day.

Support And Resistance Levels for Liberty Energy Inc. (LBRT)

According to the 24-hour chart, there is a support level at 16.57, which, if violated, would cause prices to drop to 16.30. In the upper region, resistance lies at 17.30. The next price resistance is at 17.76. RSI (Relative Strength Index) is 61.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 22.38%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Liberty Energy Inc. subject to short interest?

Stocks of Liberty Energy Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.71 million shares to 6.76 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 6.05 million shares. A jump of 10.5% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.84 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.84.

Which companies own the most shares of Liberty Energy Inc. (LBRT)?

According to Fidelity Management & Research Co filings, the company currently owns 27,184,714 shares, which is about 14.55% of the total LBRT shares outstanding. The investor’s shares have appreciated by 360,862 from its previous 13-F filing of 26823852.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $175,123,493. T. Rowe Price Associates, Inc. acquire a 5.73% interest valued at $171.86 million while BlackRock Fund Advisors purchased a 2,270,769 stake. A total of -1,616,968 shares of Liberty Energy Inc. were bought by Van Eck Associates Corp. during the quarter, and 845,940 were bought by Dimensional Fund Advisors LP. In its current portfolio, Balyasny Asset Management LP holds 3,784,763 shares valued at $47.99 million.

In terms of Liberty Energy Inc. share price expectations, FactSet research, analysts set an average price target of $22.14 in the next 12 months, up nearly 34.7% from the previous closing price of $17.26. Analysts anticipate Liberty Energy Inc. stock to reach $27.00 by 2022, with the lowest price target being $16.00. In spite of this, 16 analysts ranked Liberty Energy Inc. stock as an Overweight at the end of 2022. On January 05, 2022, Wells Fargo assigned a price target of “an Overweight” to the stock and upgraded coverage with a $14.

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