Strs Ohio Has $3.71 Million Stock Holdings in Liberty Energy Inc. $LBRT

Strs Ohio trimmed its position in Liberty Energy Inc. (NYSE:LBRT) by 23.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,900 shares of the company’s stock after selling 39,900 shares during the period. Strs Ohio owned approximately 0.08% of Liberty Energy worth $3,712,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Root Financial Partners LLC boosted its holdings in Liberty Energy by 79.6% in the first quarter. Root Financial Partners LLC now owns 914 shares of the company’s stock worth $26,000 after acquiring an additional 405 shares in the last quarter. GHP Investment Advisors Inc. bought a new stake in shares of Liberty Energy during the first quarter valued at approximately $39,000. Louisiana State Employees Retirement System bought a new stake in shares of Liberty Energy during the first quarter valued at approximately $2,071,000. Values First Advisors Inc. raised its position in shares of Liberty Energy by 19.2% during the first quarter. Values First Advisors Inc. now owns 13,619 shares of the company’s stock worth $392,000 after purchasing an additional 2,193 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Liberty Energy by 5.8% during the first quarter. SG Americas Securities LLC now owns 12,483 shares of the company’s stock worth $360,000 after purchasing an additional 687 shares during the period. 98.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

LBRT has been the subject of several research reports. Piper Sandler lifted 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. Stifel Nicolaus upped their price objective on shares of Liberty Energy from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, April 24th. Zacks Research upgraded shares of Liberty Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, June 22nd. Barclays upped their target price on shares of Liberty Energy from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liberty Energy in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.18.

Insider Activity

In other Liberty Energy news, Chairman William F. Kimble sold 7,350 shares of Liberty Energy stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $33.92, for a total transaction of $249,312.00. Following the transaction, the chairman owned 89,805 shares of the company’s stock, valued at $3,046,185.60. This trade represents a 7.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Michael Stock sold 9,999 shares of the business’s stock in a transaction on Wednesday, July 1st. The stock was sold at an average price of $25.89, for a total value of $258,874.11. Following the completion of the transaction, the chief financial officer directly owned 773,711 shares in the company, valued at approximately $20,031,377.79. This represents a 1.28% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 54,012 shares of company stock valued at $1,673,803. Company insiders own 2.00% of the company’s stock.

Liberty Energy Stock Up 0.5%

NYSE:LBRT traded up $0.11 during trading hours on Tuesday, hitting $23.40. 146,992 shares of the company traded hands, compared to its average volume of 4,210,764. 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’s 50-day simple moving average is $29.85 and its 200-day simple moving average is $26.68. Liberty Energy Inc. has a one year low of $9.90 and a one year high of $34.48. The company has a market cap of $3.82 billion, a PE ratio of 25.67, a PEG ratio of 2.05 and a beta of 0.54.

Liberty Energy (NYSE:LBRT) last posted its earnings results on Wednesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.13) by $0.19. Liberty Energy had a net margin of 3.71% and a return on equity of 1.41%. The firm had revenue of $1.02 billion during the quarter, compared to analyst estimates of $954.71 million. During the same quarter in the prior year, the business posted $0.04 EPS. The business’s revenue was up 4.5% compared to the same quarter last year. Equities analysts predict that Liberty Energy Inc. will post 0.24 earnings per share for the current year.

Liberty Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Shareholders of record on Thursday, June 4th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 4th. Liberty Energy’s dividend payout ratio is presently 39.56%.

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.