Round Rock Advisors LLC Has $1.96 Million Stock Position in Liberty Energy Inc. $LBRT

Round Rock Advisors LLC raised its holdings in Liberty Energy Inc. (NYSE:LBRT) by 65.3% in the 4th quarter, HoldingsChannel reports. The fund owned 104,213 shares of the company’s stock after acquiring an additional 41,163 shares during the period. Round Rock Advisors LLC’s holdings in Liberty Energy were worth $1,956,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LBRT. Kelleher Financial Advisors acquired a new stake in shares of Liberty Energy during the third quarter worth $29,000. First Horizon Corp lifted its stake in shares of Liberty Energy by 58.2% in the fourth quarter. First Horizon Corp now owns 1,620 shares of the company’s stock valued at $30,000 after buying an additional 596 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Liberty Energy in the third quarter valued at $35,000. Smartleaf Asset Management LLC lifted its position in shares of Liberty Energy by 213.7% during the second quarter. Smartleaf Asset Management LLC now owns 3,607 shares of the company’s stock valued at $42,000 after purchasing an additional 2,457 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in shares of Liberty Energy by 1,163.9% during the third quarter. CIBC Private Wealth Group LLC now owns 3,855 shares of the company’s stock valued at $48,000 after purchasing an additional 3,550 shares in the last quarter. 98.22% of the stock is currently owned by institutional investors and hedge funds.

Liberty Energy Trading Up 1.1%

Shares of LBRT opened at $26.58 on Tuesday. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 29.87 and a beta of 0.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.96 and a current ratio of 1.22. Liberty Energy Inc. has a fifty-two week low of $9.90 and a fifty-two week high of $32.40. The firm has a 50 day moving average price of $28.08 and a 200-day moving average price of $21.74.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings data on Wednesday, January 28th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.21. The firm had revenue of $1.04 billion during 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%. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 EPS. As a group, equities research analysts forecast that Liberty Energy Inc. will post -0.38 earnings per share for the current year.

Liberty Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Investors 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 1.4%. The ex-dividend date is Thursday, June 4th. Liberty Energy’s dividend payout ratio is currently 40.45%.

Analysts Set New Price Targets

Several brokerages have commented on LBRT. Royal Bank Of Canada reaffirmed a “sector perform” rating on shares of Liberty Energy in a research report on Thursday, January 15th. 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 note on Tuesday, February 17th. The Goldman Sachs Group boosted their price objective on shares of Liberty Energy from $26.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, March 4th. Stifel Nicolaus lifted their target price on shares of Liberty Energy from $23.00 to $28.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Liberty Energy in a research report on Monday, December 29th. Seven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.83.

Insider Activity at Liberty Energy

In other news, Director Arjun N. Murti purchased 9,696 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average cost of $25.79 per share, for a total transaction of $250,059.84. Following the acquisition, the director directly owned 27,568 shares of the company’s stock, valued at $710,978.72. This represents a 54.25% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Michael Stock 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 $25.38, for a total transaction of $634,500.00. Following the sale, the chief financial officer owned 784,819 shares of the company’s stock, valued at $19,918,706.22. This represents a 3.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.00% of the stock is currently owned by company insiders.

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.