Hantz Financial Services Inc. Makes New Investment in Liberty Energy Inc. (NYSE:LBRT)

Hantz Financial Services Inc. purchased a new stake in Liberty Energy Inc. (NYSE:LBRT) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 31,615 shares of the company’s stock, valued at approximately $629,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its stake in Liberty Energy by 17.1% in the third quarter. FMR LLC now owns 18,115,282 shares of the company’s stock valued at $345,821,000 after purchasing an additional 2,640,119 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Liberty Energy by 61.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,146,179 shares of the company’s stock valued at $60,061,000 after buying an additional 1,193,918 shares in the last quarter. Pacer Advisors Inc. raised its stake in Liberty Energy by 15.9% during the 3rd quarter. Pacer Advisors Inc. now owns 7,012,382 shares of the company’s stock worth $133,866,000 after buying an additional 963,068 shares during the period. Canoe Financial LP lifted its holdings in Liberty Energy by 20.4% during the third quarter. Canoe Financial LP now owns 4,124,695 shares of the company’s stock worth $79,408,000 after acquiring an additional 699,500 shares in the last quarter. Finally, Bridgewater Associates LP grew its stake in Liberty Energy by 285.1% in the third quarter. Bridgewater Associates LP now owns 700,814 shares of the company’s stock valued at $13,379,000 after acquiring an additional 518,830 shares during the period. Institutional investors own 98.22% of the company’s stock.

Insider Transactions at Liberty Energy

In other Liberty Energy news, CEO Christopher A. Wright sold 12,000 shares of the firm’s stock in a transaction on Tuesday, November 5th. The stock was sold at an average price of $17.44, for a total transaction of $209,280.00. Following the transaction, the chief executive officer now owns 2,606,813 shares in the company, valued at $45,462,818.72. This trade represents a 0.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Michael Stock sold 20,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $20.82, for a total value of $416,400.00. Following the completion of the transaction, the chief financial officer now directly owns 680,207 shares of the company’s stock, valued at approximately $14,161,909.74. This trade represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 77,973 shares of company stock worth $1,500,285. Company insiders own 3.60% of the company’s stock.

Liberty Energy Trading Down 4.6 %

Shares of Liberty Energy stock opened at $18.30 on Friday. Liberty Energy Inc. has a 12-month low of $16.57 and a 12-month high of $24.75. The company has a quick ratio of 0.97, a current ratio of 1.23 and a debt-to-equity ratio of 0.17. The business’s 50 day moving average is $19.83 and its 200-day moving average is $19.77. The stock has a market cap of $2.99 billion, a P/E ratio of 9.79 and a beta of 1.66.

Liberty Energy (NYSE:LBRT) last announced its quarterly earnings results on Wednesday, January 29th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.06). Liberty Energy had a return on equity of 14.37% and a net margin of 7.32%. Equities research analysts predict that Liberty Energy Inc. will post 0.9 earnings per share for the current fiscal year.

Liberty Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a $0.08 dividend. The ex-dividend date is Thursday, March 6th. This represents a $0.32 dividend on an annualized basis and a yield of 1.75%. Liberty Energy’s dividend payout ratio (DPR) is currently 17.11%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Seaport Res Ptn upgraded Liberty Energy from a “hold” rating to a “strong-buy” rating in a research report on Sunday, January 5th. Citigroup raised their price objective on shares of Liberty Energy from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. The Goldman Sachs Group began coverage on shares of Liberty Energy in a research note on Friday, December 13th. They issued a “neutral” rating and a $19.00 target price for the company. Royal Bank of Canada dropped their price target on Liberty Energy from $26.00 to $24.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, Evercore ISI raised Liberty Energy to a “strong-buy” rating in a research report on Thursday, October 17th. Five analysts have rated the stock with a hold rating, five have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.30.

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.