Cwm LLC Raises Position in Liberty Energy Inc. (NYSE:LBRT)

Cwm LLC raised its holdings in shares of Liberty Energy Inc. (NYSE:LBRT) by 30.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,141 shares of the company’s stock after buying an additional 975 shares during the quarter. Cwm LLC’s holdings in Liberty Energy were worth $75,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale purchased a new position in Liberty Energy in the third quarter worth $97,000. Spirit of America Management Corp NY bought a new position in shares of Liberty Energy during the 4th quarter valued at about $127,000. Xponance Inc. purchased a new position in shares of Liberty Energy during the 4th quarter valued at about $182,000. Jupiter Asset Management Ltd. bought a new stake in Liberty Energy in the 3rd quarter worth approximately $190,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in shares of Liberty Energy in the 4th quarter worth approximately $191,000. 98.22% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LBRT has been the subject of a number of recent research reports. Piper Sandler boosted their target price on Liberty Energy from $27.00 to $28.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. TD Cowen increased their price objective on Liberty Energy from $19.00 to $21.00 and gave the company a “hold” rating in a research note on Friday, April 19th. Bank of America lifted their target price on shares of Liberty Energy from $20.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, April 15th. Morgan Stanley reissued an “equal weight” rating and issued a $24.00 price target on shares of Liberty Energy in a report on Monday, April 22nd. Finally, Barclays boosted their price objective on shares of Liberty Energy from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, April 19th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Liberty Energy has an average rating of “Moderate Buy” and an average price target of $24.30.

Insider Transactions at Liberty Energy

In related news, CEO Christopher A. Wright sold 20,000 shares of Liberty Energy stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $21.64, for a total transaction of $432,800.00. Following the completion of the transaction, the chief executive officer now directly owns 2,818,814 shares of the company’s stock, valued at approximately $60,999,134.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Liberty Energy news, President Ron Gusek sold 50,000 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $22.99, for a total transaction of $1,149,500.00. Following the completion of the sale, the president now directly owns 1,213,259 shares in the company, valued at approximately $27,892,824.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $21.64, for a total transaction of $432,800.00. Following the completion of the transaction, the chief executive officer now owns 2,818,814 shares of the company’s stock, valued at $60,999,134.96. The disclosure for this sale can be found here. Insiders have sold 182,459 shares of company stock valued at $4,025,391 in the last three months. 3.70% of the stock is currently owned by company insiders.

Liberty Energy Price Performance

LBRT stock opened at $22.07 on Wednesday. The firm has a 50-day moving average of $21.60 and a 200 day moving average of $20.01. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.48 and a quick ratio of 1.16. The company has a market cap of $3.68 billion, a P/E ratio of 8.05, a PEG ratio of 1.10 and a beta of 1.83. Liberty Energy Inc. has a 1 year low of $11.62 and a 1 year high of $23.31.

Liberty Energy (NYSE:LBRT) last announced its earnings results on Thursday, April 18th. The company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.06). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.08 billion. Liberty Energy had a return on equity of 26.46% and a net margin of 10.43%. The firm’s revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.90 EPS. On average, sell-side analysts forecast that Liberty Energy Inc. will post 2.52 EPS for the current year.

Liberty Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Wednesday, June 5th. Liberty Energy’s dividend payout ratio (DPR) is presently 10.22%.

Liberty Energy Company 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.