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

Round Rock Advisors LLC trimmed its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 39.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Root Financial Partners LLC increased its position in Liberty Energy by 79.6% during 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 in the last quarter. Valued Wealth Advisors LLC acquired a new position in Liberty Energy in the 1st quarter valued at about $26,000. Summit Securities Group LLC acquired a new stake in shares of Liberty Energy during the 1st quarter worth about $28,000. GHP Investment Advisors Inc. purchased a new stake in shares of Liberty Energy during the first quarter worth about $39,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Liberty Energy in the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 98.22% of the company’s stock.

Liberty Energy Stock Performance

Liberty Energy stock opened at $20.16 on Thursday. The company has a market cap of $3.29 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 2.93 and a beta of 0.61. Liberty Energy Inc. has a 12 month low of $9.90 and a 12 month high of $34.48. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.99 and a quick ratio of 1.75. The stock’s 50-day moving average is $21.64 and its 200-day moving average is $26.71.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Wednesday, July 22nd. The company reported $0.09 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter last year, the firm posted $0.12 earnings per share. Liberty Energy’s revenue for the quarter was up 14.0% compared to the same quarter last year. Equities analysts anticipate that Liberty Energy Inc. will post 0.33 earnings per share for the current year.

Liberty Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Stifel Nicolaus lowered their target price on shares of Liberty Energy from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, July 24th. Zacks Research lowered Liberty Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Morgan Stanley set a $32.00 price target on Liberty Energy in a research note on Friday, July 24th. Piper Sandler dropped their price objective on shares of Liberty Energy from $34.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. Finally, UBS Group restated a “buy” rating on shares of Liberty Energy in a report on Friday, June 26th. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

Insider Activity

In other news, CFO Michael Stock sold 6,666 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $19.84, for a total value of $132,253.44. Following the completion of the sale, the chief financial officer owned 760,379 shares of the company’s stock, valued at $15,085,919.36. This represents a 0.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Arjun N. Murti bought 14,053 shares of the company’s stock in a transaction that occurred 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 acquisition, the director owned 41,621 shares in the company, valued at approximately $740,437.59. This trade represents a 50.98% increase in their position. The SEC filing for this purchase provides additional information. Insiders sold 19,998 shares of company stock valued at $450,955 in the last ninety days. Company insiders own 2.00% of the company’s stock.

Liberty Energy 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.