LBRT (Liberty Energy Inc.) may reap gains as insiders became active recently


Liberty Energy Inc.’s filing revealed that its Chief Financial Officer Stock Michael unloaded Company’s shares for reported $1.04 million on Sep 01. In the deal valued at $16.51 per share,63,010 shares were sold. As a result of this transaction, Stock Michael now holds 796,454 shares worth roughly $ 14.15 million.

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Then, ELLIOTT R SEAN sold 15,000 shares, generating $257,439 in total proceeds. Upon selling the shares at $17.16, the Chief Legal Officer now owns 208,384 shares.

Before that, Wright Christopher A sold 9,100 shares. Liberty Energy Inc. shares valued at $155,701 were divested by the Chairman of the Board & CEO at a price of $17.11 per share. As a result of the transaction, Wright Christopher A now holds 3,111,723 shares, worth roughly $55.3 million.

Morgan Stanley downgraded its Liberty Energy Inc. [LBRT] rating to an Equal-weight from a an Overweight in a research note published on Tuesday, April 18, 2023; the price target was decreased to $17 from $20. PT values the company’s stock at a premium of -4.53 to its Tuesday closing price.

Price Performance Review of LBRT

On Tuesday, Liberty Energy Inc. [NYSE:LBRT] saw its stock jump 7.63% to $17.77. On the same session, the stock had its day’s lowest price of $17.17, but rose to a high of $18.075. Over the last five days, the stock has gained 10.72%. Liberty Energy Inc. shares have risen nearly 10.99% since the year began. Nevertheless, the stocks have risen 26.93% over the past one year. While a 52-week high of $18.35 was reached on 09/05/23, a 52-week low of $11.18 was recorded on 03/24/23. SMA at 50 days reached $15.57, while 200 days put it at $14.62. A total of 9.25 million shares were traded, compared to the trading of 3.37 million shares in the previous session.

Levels Of Support And Resistance For LBRT Stock

The 24-hour chart illustrates a support level at 17.27, which if violated will result in even more drops to 16.77. On the upside, there is a resistance level at 18.17. A further resistance level may holdings at 18.58. The Relative Strength Index (RSI) on the 14-day chart is 73.07, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.18%. Stochastics %K at 86.24% indicates the stock is a selling.

How much short interest is there in Liberty Energy Inc.?

A steep rise in short interest was recorded in Liberty Energy Inc. stocks on Aug 14, 2023, growing by 100000.0 shares to a total of 8.29 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.19 million shares. There was a rise of 1.21%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.64% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.9.

Liberty Energy Inc. [LBRT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 19,295,896 shares, or roughly 11.32% of the outstanding LBRT shares. In other words, the investor’s shares have risen by 603,669 from its previous 13-F filing of 18692227.0. Additionally, Fidelity Management & Research Co decreased -5.86% of its stake after which the total value it holdings stand at $243,622,280, while BlackRock Fund Advisors added 16.40% of its stake to hold $189.9 million in the firm. Over the last quarter, T. Rowe Price Investment Manageme sold -428,171 shares of Liberty Energy Inc., while Dimensional Fund Advisors LP sold 1,110,364 shares. At present, Macquarie Investment Management B is holding 6,644,061 shares valued at $109.43 million. Van Eck Associates Corp. owned 5,461,013 shares of the company at the time of its most recent 13F filing, worth $89.94 million.

According to FactSet, Liberty Energy Inc.’s share price will average $19.21 in the next year, based on opinions of analysts polled by the firm. This is up nearly 18.11 percent from its previous closing price of $16.51. Analysts expect Liberty Energy Inc. stock to reach the higher price of $26.00, while the lowest price estimate is $14.00. However, 16 analysts have rated LBRT stock as an Overweight in their predictions for 2023.


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