Cwm LLC Has $186,000 Stock Position in Liberty Energy Inc. (NYSE:LBRT)

Cwm LLC increased its position in Liberty Energy Inc. (NYSE:LBRT) by 56.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,722 shares of the company’s stock after buying an additional 3,509 shares during the period. Cwm LLC’s holdings in Liberty Energy were worth $186,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Diversified Trust Co grew its holdings in shares of Liberty Energy by 2.5% during the first quarter. Diversified Trust Co now owns 20,617 shares of the company’s stock valued at $427,000 after buying an additional 507 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Liberty Energy by 4.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,262 shares of the company’s stock valued at $296,000 after acquiring an additional 543 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in Liberty Energy by 2.4% during the 1st quarter. Perigon Wealth Management LLC now owns 24,815 shares of the company’s stock valued at $514,000 after purchasing an additional 571 shares during the last quarter. Andina Capital Management LLC boosted its stake in Liberty Energy by 3.9% during the 2nd quarter. Andina Capital Management LLC now owns 18,599 shares of the company’s stock valued at $389,000 after purchasing an additional 691 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Liberty Energy by 27.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,273 shares of the company’s stock worth $59,000 after purchasing an additional 709 shares in the last quarter. 98.22% of the stock is owned by institutional investors.

Liberty Energy Trading Down 0.7 %

NYSE:LBRT opened at $17.18 on Thursday. Liberty Energy Inc. has a 12 month low of $16.69 and a 12 month high of $24.75. The company has a current ratio of 1.35, a quick ratio of 1.07 and a debt-to-equity ratio of 0.17. The firm’s 50 day moving average is $19.84 and its 200 day moving average is $21.20. The stock has a market capitalization of $2.86 billion, a PE ratio of 6.27, a price-to-earnings-growth ratio of 1.20 and a beta of 1.68.

Liberty Energy (NYSE:LBRT) last issued its earnings results on Wednesday, October 16th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.55 by ($0.10). The firm had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. Liberty Energy had a net margin of 9.53% and a return on equity of 22.85%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Sell-side analysts expect that Liberty Energy Inc. will post 2.14 earnings per share for the current year.

Liberty Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.08 dividend. This is an increase from Liberty Energy’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.32 annualized dividend and a dividend yield of 1.86%. Liberty Energy’s dividend payout ratio (DPR) is presently 11.68%.

Insider Activity

In related news, CFO Michael Stock sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $20.01, for a total value of $300,150.00. Following the completion of the transaction, the chief financial officer now directly owns 750,207 shares of the company’s stock, valued at approximately $15,011,642.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Liberty Energy news, CFO Michael Stock sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $20.01, for a total value of $300,150.00. Following the completion of the transaction, the chief financial officer now owns 750,207 shares in the company, valued at $15,011,642.07. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher A. Wright sold 20,000 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $19.77, for a total value of $395,400.00. Following the sale, the chief executive officer now owns 2,638,813 shares in the company, valued at approximately $52,169,333.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 95,000 shares of company stock valued at $1,945,650 over the last quarter. Company insiders own 3.60% of the company’s stock.

Analysts Set New Price Targets

LBRT has been the topic of a number of recent research reports. Bank of America dropped their target price on Liberty Energy from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Wells Fargo & Company dropped their price objective on Liberty Energy from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Citigroup downgraded shares of Liberty Energy from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $25.00 to $19.00 in a report on Friday, October 18th. Royal Bank of Canada lowered their target price on shares of Liberty Energy from $26.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, October 18th. Finally, Stifel Nicolaus cut their price target on shares of Liberty Energy from $26.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, October 18th. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $22.89.

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.