Florida Financial Advisors LLC Invests $1.32 Million in Liberty Energy Inc. $LBRT

Florida Financial Advisors LLC acquired a new position in Liberty Energy Inc. (NYSE:LBRT) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 106,793 shares of the company’s stock, valued at approximately $1,318,000. Florida Financial Advisors LLC owned approximately 0.07% of Liberty Energy as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes 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 position in shares of Liberty Energy by 1,992.2% in the first quarter. NewEdge Advisors LLC now owns 12,030 shares of the company’s stock valued at $190,000 after acquiring an additional 11,455 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Liberty Energy by 0.6% during the first quarter. Goldman Sachs Group Inc. now owns 868,978 shares of the company’s stock worth $13,756,000 after acquiring an additional 4,955 shares in the last quarter. Intech Investment Management LLC boosted its position in Liberty Energy by 22.0% during the first quarter. Intech Investment Management LLC now owns 81,446 shares of the company’s stock valued at $1,289,000 after purchasing an additional 14,663 shares during the last quarter. Finally, KLP Kapitalforvaltning AS grew its stake in Liberty Energy by 8.2% in the second quarter. KLP Kapitalforvaltning AS now owns 61,800 shares of the company’s stock valued at $709,000 after purchasing an additional 4,700 shares in the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Stock Performance

NYSE LBRT opened at $25.90 on Friday. The stock has a market cap of $4.20 billion, a PE ratio of 29.10 and a beta of 0.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.22. The firm has a 50-day moving average of $20.75 and a 200-day moving average of $16.17. Liberty Energy Inc. has a 52-week low of $9.50 and a 52-week high of $27.21.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, January 28th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.21. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $880.59 million. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. Liberty Energy’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 EPS. On average, sell-side analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current year.

Liberty Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, March 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.4%. Liberty Energy’s dividend payout ratio (DPR) is 40.45%.

Analyst Upgrades and Downgrades

LBRT has been the topic of a number of analyst reports. Stifel Nicolaus upped their price objective on Liberty Energy from $23.00 to $28.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Morgan Stanley boosted their target price on shares of Liberty Energy from $23.00 to $30.00 and gave the stock an “overweight” rating in a report on Friday, January 30th. TD Cowen increased their price target on shares of Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, January 30th. Royal Bank Of Canada restated a “sector perform” rating on shares of Liberty Energy in a research note on Thursday, January 15th. Finally, UBS Group reiterated a “buy” rating and issued a $34.00 target price on shares of Liberty Energy in a research note on Friday, January 30th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Liberty Energy has a consensus rating of “Hold” and an average target price of $24.64.

Insider Activity at Liberty Energy

In related news, CFO Michael Stock sold 25,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $25.38, for a total value of $634,500.00. Following the completion of the sale, the chief financial officer directly owned 784,819 shares in the company, valued at $19,918,706.22. The trade was a 3.09% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider R Sean Elliott sold 25,000 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $25.40, for a total value of $635,000.00. Following the completion of the transaction, the insider directly owned 343,150 shares in the company, valued at approximately $8,716,010. This represents a 6.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 1.90% of the company’s stock.

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.