Liberty Energy Inc. $LBRT Shares Sold by Round Rock Advisors LLC

Round Rock Advisors LLC trimmed its holdings in Liberty Energy Inc. (NYSE:LBRT) by 39.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,279 shares of the company’s stock after selling 29,565 shares during the period. Round Rock Advisors LLC’s holdings in Liberty Energy were worth $1,186,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LBRT. Root Financial Partners LLC increased its stake in shares of Liberty Energy by 79.6% in the first quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after buying an additional 405 shares during the last quarter. Valued Wealth Advisors LLC acquired a new position in Liberty Energy during the 1st quarter worth $26,000. Summit Securities Group LLC acquired a new position in Liberty Energy during the 1st quarter worth $28,000. Los Angeles Capital Management LLC bought a new stake in shares of Liberty Energy in the 4th quarter worth about $29,000. Finally, Kelleher Financial Advisors acquired a new stake in shares of Liberty Energy in the 3rd quarter valued at about $29,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Energy Stock Up 0.3%

LBRT stock opened at $20.16 on Thursday. The stock has a market cap of $3.29 billion, a PE ratio of 27.24, a price-to-earnings-growth ratio of 2.93 and a beta of 0.61. The firm’s 50-day simple moving average is $21.64 and its 200 day simple moving average is $26.71. Liberty Energy Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $34.48. 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) last posted its earnings results on Wednesday, July 22nd. The company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. Liberty Energy had a net margin of 2.92% and a return on equity of 1.14%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the previous year, the business posted $0.12 EPS. Liberty Energy’s revenue was up 14.0% on a year-over-year basis. As a group, sell-side analysts predict that Liberty Energy Inc. will post 0.33 EPS for the current year.

Liberty Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, September 4th. Liberty Energy’s dividend payout ratio (DPR) is currently 48.65%.

Insider Activity at Liberty Energy

In other Liberty Energy news, CFO Michael Stock sold 6,666 shares of the business’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $19.84, for a total transaction of $132,253.44. Following the completion of the transaction, the chief financial officer owned 760,379 shares in the company, valued at approximately $15,085,919.36. The trade was a 0.87% decrease in their position. The sale 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, Director Arjun N. Murti purchased 14,053 shares of the company’s stock in a transaction on Tuesday, July 28th. The shares were bought at an average price of $17.79 per share, for a total transaction of $250,002.87. Following the completion of the transaction, the director directly owned 41,621 shares in the company, valued at $740,437.59. This represents a 50.98% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders sold 19,998 shares of company stock worth $450,955. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on LBRT shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Liberty Energy in a research note on Wednesday, July 29th. Barclays lifted their target price on Liberty Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, May 8th. Royal Bank Of Canada lowered their target price on shares of Liberty Energy from $34.00 to $29.00 and set a “sector perform” rating for the company in a research note on Friday, July 24th. Zacks Research lowered shares of Liberty Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Finally, Piper Sandler dropped their price objective on shares of Liberty Energy from $34.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Liberty Energy currently has a consensus rating of “Moderate Buy” and an average target price of $30.00.

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.