Liberty Energy Inc. (NYSE:LBRT) Holdings Lifted by Cwm LLC

Cwm LLC boosted its stake in shares of Liberty Energy Inc. (NYSE:LBRT) by 30.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,141 shares of the company’s stock after purchasing an additional 975 shares during the period. Cwm LLC’s holdings in Liberty Energy were worth $75,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Sequoia Financial Advisors LLC increased its stake in shares of Liberty Energy by 3.6% during the 4th quarter. Sequoia Financial Advisors LLC now owns 17,902 shares of the company’s stock worth $325,000 after purchasing an additional 621 shares during the last quarter. Advisor Partners II LLC increased its position in Liberty Energy by 3.8% during the third quarter. Advisor Partners II LLC now owns 18,974 shares of the company’s stock worth $351,000 after buying an additional 689 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in Liberty Energy by 2.0% during the third quarter. Los Angeles Capital Management LLC now owns 42,192 shares of the company’s stock valued at $781,000 after buying an additional 836 shares in the last quarter. Strs Ohio raised its stake in shares of Liberty Energy by 2.2% in the 4th quarter. Strs Ohio now owns 60,200 shares of the company’s stock valued at $1,092,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Equitable Trust Co. raised its position in shares of Liberty Energy by 8.8% in the third quarter. Equitable Trust Co. now owns 16,346 shares of the company’s stock valued at $303,000 after purchasing an additional 1,328 shares during the period. Institutional investors and hedge funds own 98.22% of the company’s stock.

Insider Buying and Selling

In other Liberty Energy news, CEO Christopher A. Wright sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $20.27, for a total value of $405,400.00. Following the sale, the chief executive officer now owns 2,830,402 shares in the company, valued at approximately $57,372,248.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President Ron Gusek sold 50,000 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $22.99, for a total transaction of $1,149,500.00. Following the sale, the president now owns 1,213,259 shares in the company, valued at $27,892,824.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Christopher A. Wright sold 20,000 shares of the stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $20.27, for a total value of $405,400.00. Following the transaction, the chief executive officer now directly owns 2,830,402 shares of the company’s stock, valued at $57,372,248.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 182,459 shares of company stock valued at $4,025,391. Company insiders own 3.70% of the company’s stock.

Liberty Energy Trading Down 0.4 %

LBRT opened at $22.07 on Wednesday. The firm has a 50 day simple moving average of $21.60 and a 200 day simple 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. Liberty Energy Inc. has a fifty-two week low of $11.62 and a fifty-two week high of $23.31. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 8.05, a price-to-earnings-growth ratio of 1.10 and a beta of 1.83.

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

Liberty Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on LBRT shares. Piper Sandler upped their target price on shares of 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 raised their target price on Liberty Energy from $19.00 to $21.00 and gave the stock a “hold” rating in a research report on Friday, April 19th. Morgan Stanley restated an “equal weight” rating and issued a $24.00 price objective on shares of Liberty Energy in a research note on Monday, April 22nd. Bank of America lifted their target price on shares of Liberty Energy from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Monday, April 15th. Finally, Barclays raised 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 equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $24.30.

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.