Hantz Financial Services Inc. Purchases 46,366 Shares of Liberty Energy Inc. $LBRT

Hantz Financial Services Inc. lifted its position in shares of Liberty Energy Inc. (NYSE:LBRT) by 94.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,511 shares of the company’s stock after purchasing an additional 46,366 shares during the quarter. Hantz Financial Services Inc.’s holdings in Liberty Energy were worth $1,179,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alpha Wealth Funds LLC purchased a new stake in shares of Liberty Energy in the 2nd quarter worth approximately $202,000. American Century Companies Inc. boosted its holdings in Liberty Energy by 10.6% in the second quarter. American Century Companies Inc. now owns 6,093,383 shares of the company’s stock worth $69,952,000 after acquiring an additional 584,774 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of Liberty Energy by 112.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 38,055 shares of the company’s stock worth $437,000 after acquiring an additional 20,158 shares during the last quarter. SummerHaven Investment Management LLC bought a new position in shares of Liberty Energy during the third quarter valued at $838,000. Finally, Peregrine Capital Management LLC raised its position in shares of Liberty Energy by 33.9% in the 2nd quarter. Peregrine Capital Management LLC now owns 317,895 shares of the company’s stock worth $3,649,000 after purchasing an additional 80,403 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Stock Up 6.4%

LBRT opened at $25.24 on Friday. The firm’s 50 day simple moving average is $20.17 and its two-hundred day simple moving average is $15.74. The company has a market capitalization of $4.09 billion, a PE ratio of 28.36 and a beta of 0.49. Liberty Energy Inc. has a 1-year low of $9.50 and a 1-year high of $27.21. The company has a current ratio of 1.22, a quick ratio of 0.96 and a debt-to-equity ratio of 0.22.

Liberty Energy (NYSE:LBRT) last issued its quarterly earnings data on Wednesday, January 28th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.21. Liberty Energy had a net margin of 3.69% and a return on equity of 1.24%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $880.59 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The company’s revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities analysts forecast 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. Shareholders 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 yield of 1.4%. Liberty Energy’s dividend payout ratio (DPR) is presently 40.45%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Royal Bank Of Canada reissued a “sector perform” rating on shares of Liberty Energy in a research report on Thursday, January 15th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $26.00 price target on shares of Liberty Energy in a report on Wednesday. UBS Group reissued a “buy” rating and issued a $34.00 target price on shares of Liberty Energy in a research report on Friday, January 30th. Wall Street Zen raised shares of Liberty Energy from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Liberty Energy in a research note on Monday, December 29th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.64.

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.