Cwm LLC Buys 30,208 Shares of Liberty Energy Inc. $LBRT

Cwm LLC raised its stake in Liberty Energy Inc. (NYSE:LBRT) by 1,410.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,350 shares of the company’s stock after buying an additional 30,208 shares during the quarter. Cwm LLC’s holdings in Liberty Energy were worth $371,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LBRT. Apollon Wealth Management LLC raised its holdings in Liberty Energy by 0.7% during the 2nd quarter. Apollon Wealth Management LLC now owns 126,088 shares of the company’s stock worth $1,447,000 after purchasing an additional 829 shares during the last quarter. KLP Kapitalforvaltning AS raised its stake in shares of Liberty Energy by 8.2% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 61,800 shares of the company’s stock worth $709,000 after purchasing an additional 4,700 shares during the period. State of Alaska Department of Revenue raised its stake in Liberty Energy by 4.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 169,477 shares of the company’s stock valued at $1,945,000 after acquiring an additional 6,756 shares during the period. Public Employees Retirement System of Ohio bought a new stake in Liberty Energy in the 2nd quarter valued at about $979,000. Finally, GAMMA Investing LLC grew its holdings in Liberty Energy by 281.1% during the 2nd quarter. GAMMA Investing LLC now owns 4,329 shares of the company’s stock valued at $50,000 after buying an additional 3,193 shares in the last quarter. Institutional investors own 98.22% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LBRT. Stifel Nicolaus cut their price objective on Liberty Energy from $20.00 to $19.00 and set a “buy” rating for the company in a report on Monday, July 28th. Citigroup raised Liberty Energy from a “neutral” rating to a “buy” rating and upped their target price for the stock from $12.00 to $21.00 in a research note on Tuesday, October 21st. Weiss Ratings downgraded Liberty Energy from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Saturday. Barclays boosted their price objective on Liberty Energy from $12.00 to $14.00 and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Piper Sandler set a $16.00 target price on shares of Liberty Energy and gave the company a “neutral” rating in a research note on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Liberty Energy currently has a consensus rating of “Hold” and an average price target of $16.10.

Liberty Energy Stock Up 1.3%

NYSE:LBRT opened at $16.43 on Friday. The firm has a market cap of $2.66 billion, a PE ratio of 14.67 and a beta of 0.74. The company has a 50-day moving average of $12.09 and a 200 day moving average of $12.03. Liberty Energy Inc. has a 1-year low of $9.50 and a 1-year high of $23.58. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.32 and a quick ratio of 1.05.

Liberty Energy (NYSE:LBRT) last posted its quarterly earnings results on Thursday, October 16th. The company reported ($0.06) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.05). Liberty Energy had a net margin of 4.76% and a return on equity of 1.69%. The business had revenue of $947.40 million during the quarter, compared to analysts’ expectations of $967.05 million. During the same period in the previous year, the company posted $0.45 earnings per share. Liberty Energy’s revenue for the quarter was down 16.8% compared to the same quarter last year. As a group, research analysts anticipate that Liberty Energy Inc. will post 0.58 EPS for the current fiscal year.

Liberty Energy Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 18th. Investors of record on Thursday, December 4th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 2.2%. This is a positive change from Liberty Energy’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, December 4th. Liberty Energy’s dividend payout ratio is currently 28.57%.

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.