Founders Financial Securities LLC Invests $2.27 Million in Liberty Energy Inc. $LBRT

Founders Financial Securities LLC purchased a new position in shares of Liberty Energy Inc. (NYSE:LBRT) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 123,172 shares of the company’s stock, valued at approximately $2,274,000.

Other hedge funds also recently modified their holdings of the company. Kelleher Financial Advisors acquired a new stake in shares of Liberty Energy during the third quarter worth about $29,000. First Horizon Corp raised its position in shares of Liberty Energy by 58.2% during the fourth quarter. First Horizon Corp now owns 1,620 shares of the company’s stock worth $30,000 after purchasing an additional 596 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Liberty Energy during the fourth quarter worth about $32,000. Advisory Services Network LLC acquired a new stake in shares of Liberty Energy during the third quarter worth about $35,000. Finally, Smartleaf Asset Management LLC raised 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 worth $42,000 after purchasing an additional 2,457 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Liberty Energy Stock Up 0.0%

NYSE:LBRT opened at $29.27 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.97 and a current ratio of 2.21. The company has a market cap of $4.78 billion, a PE ratio of 32.17, a PEG ratio of 8.75 and a beta of 0.51. Liberty Energy Inc. has a 52-week low of $9.90 and a 52-week high of $34.48. The stock has a 50-day simple moving average of $30.46 and a 200 day simple moving average of $24.94.

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

Liberty Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 18th. Shareholders 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 is Thursday, June 4th. Liberty Energy’s dividend payout ratio (DPR) is currently 39.56%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Bank of America raised Liberty Energy from a “neutral” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Tuesday, February 17th. The Goldman Sachs Group raised their price target on Liberty Energy from $26.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 4th. Morgan Stanley set a $36.00 price objective on Liberty Energy in a report on Monday, April 27th. Wall Street Zen upgraded Liberty Energy from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $32.00 price objective on shares of Liberty Energy in a report on Friday, April 24th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $30.42.

Insider Buying and Selling

In other Liberty Energy news, CFO Michael Stock sold 19,998 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $33.48, for a total value of $669,533.04. Following the completion of the transaction, the chief financial officer directly owned 800,375 shares in the company, valued at $26,796,555. This trade represents a 2.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 completion of the transaction, the chairman owned 89,805 shares of the company’s stock, valued at approximately $3,046,185.60. This represents a 7.57% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 2.00% of the stock is owned by company insiders.

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.