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

Hantz Financial Services Inc. decreased its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 34.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor 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.

Several other institutional investors have also recently bought and sold shares of LBRT. Nisa Investment Advisors LLC raised its holdings in shares of Liberty Energy by 2.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 22,583 shares of the company’s stock valued at $417,000 after purchasing an additional 500 shares during the last quarter. First Horizon Corp raised its holdings 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 purchasing an additional 596 shares during the last quarter. Oregon Public Employees Retirement Fund raised its holdings in shares of Liberty Energy by 1.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,085 shares of the company’s stock valued at $685,000 after purchasing an additional 600 shares during the last quarter. Amalgamated Bank raised its holdings in shares of Liberty Energy by 1.8% in the third quarter. Amalgamated Bank now owns 46,915 shares of the company’s stock valued at $579,000 after purchasing an additional 819 shares during the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Liberty Energy by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 30,781 shares of the company’s stock valued at $568,000 after purchasing an additional 940 shares during the last quarter. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Price Performance

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

Liberty Energy (NYSE:LBRT) last released its quarterly earnings data on Wednesday, April 22nd. The company reported $0.06 EPS for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.19. Liberty Energy had a net margin of 3.71% and a return on equity of 1.41%. The company had revenue of $1.02 billion during the quarter, compared to analyst estimates of $954.71 million. During the same period last year, the business earned $0.04 earnings per share. Liberty Energy’s revenue was up 4.5% compared to the same quarter last year. Equities analysts forecast that Liberty Energy Inc. will post 0.07 EPS for the current year.

Liberty Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 18th. Investors of record on Thursday, June 4th will be paid a $0.09 dividend. 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 dividend payout ratio (DPR) is currently 39.56%.

Insider Buying and Selling

In related news, Chairman William F. Kimble sold 7,350 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $33.92, for a total value of $249,312.00. Following the sale, the chairman directly owned 89,805 shares of the company’s stock, valued at $3,046,185.60. This trade represents a 7.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Michael Stock sold 19,998 shares of the firm’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 completion of the sale, the chief financial officer directly owned 800,375 shares in the company, valued at $26,796,555. This represents a 2.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.00% of the company’s stock.

Analyst Upgrades and Downgrades

LBRT has been the subject of several analyst reports. Barclays increased their target price on shares of Liberty Energy from $29.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, May 8th. Morgan Stanley set a $36.00 price target on shares of Liberty Energy in a research report on Monday, April 27th. Piper Sandler increased their price target 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. Royal Bank Of Canada restated a “sector perform” rating and set a $32.00 price target on shares of Liberty Energy in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of Liberty Energy from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Seven equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.42.

About Liberty Energy

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.