Hantz Financial Services Inc. Has $1.16 Million Stake in Liberty Energy Inc. $LBRT

Hantz Financial Services Inc. trimmed its stake in shares of Liberty Energy Inc. (NYSE:LBRT) by 34.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,572 shares of the company’s stock after selling 32,939 shares during the period. Hantz Financial Services Inc.’s holdings in Liberty Energy were worth $1,155,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in LBRT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Liberty Energy by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 94,205 shares of the company’s stock valued at $1,491,000 after buying an additional 4,095 shares during the last quarter. NewEdge Advisors LLC increased its stake in Liberty Energy by 1,992.2% in the 1st quarter. NewEdge Advisors LLC now owns 12,030 shares of the company’s stock valued at $190,000 after buying an additional 11,455 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Liberty Energy by 0.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 868,978 shares of the company’s stock valued at $13,756,000 after buying an additional 4,955 shares during the last quarter. Intech Investment Management LLC increased its stake in Liberty Energy by 22.0% in the 1st quarter. Intech Investment Management LLC now owns 81,446 shares of the company’s stock valued at $1,289,000 after buying an additional 14,663 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Liberty Energy in the 2nd quarter valued at $119,000. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Piper Sandler lifted their price objective on shares of Liberty Energy from $32.00 to $38.00 and gave the company an “overweight” rating in a research report on Monday, April 27th. Citigroup lifted their price objective on shares of Liberty Energy from $21.00 to $32.00 and gave the company a “buy” rating in a research report on Tuesday, February 17th. Weiss Ratings reissued a “hold (c)” rating on shares of Liberty Energy in a research report on Friday, May 1st. Royal Bank Of Canada reissued a “sector perform” rating and issued a $32.00 price objective on shares of Liberty Energy in a research report on Friday, April 24th. Finally, Bank of America raised shares of Liberty Energy from a “neutral” rating to a “buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, February 17th. Seven research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.42.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 19,998 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $33.48, for a total transaction of $669,533.04. Following the sale, the chief financial officer directly owned 800,375 shares of the company’s stock, valued at $26,796,555. The trade was a 2.44% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman William F. Kimble sold 7,350 shares of the business’s stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $33.92, for a total transaction of $249,312.00. Following the sale, the chairman directly owned 89,805 shares in the company, valued at $3,046,185.60. The trade was a 7.57% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 2.00% of the company’s stock.

Liberty Energy Price Performance

Shares of NYSE:LBRT opened at $30.06 on Thursday. The firm has a 50 day moving average of $30.55 and a 200-day moving average of $24.77. The stock has a market capitalization of $4.90 billion, a PE ratio of 33.03, a PEG ratio of 9.55 and a beta of 0.56. The company has a current ratio of 2.21, a quick ratio of 1.97 and a debt-to-equity ratio of 0.75. Liberty Energy Inc. has a 12 month low of $9.90 and a 12 month high of $34.48.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, April 22nd. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.13) by $0.19. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $954.71 million. Liberty Energy had a net margin of 3.71% and a return on equity of 1.41%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 EPS. On average, equities research analysts predict that Liberty Energy Inc. will post 0.07 EPS for the current fiscal year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, June 4th. Liberty Energy’s payout ratio is presently 39.56%.

Liberty Energy Company Profile

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.