Dynamic Technology Lab Private Ltd boosted its holdings in Liberty Oilfield Services Inc (NYSE:LBRT) by 12.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 29,210 shares of the company’s stock after buying an additional 3,158 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Liberty Oilfield Services were worth $450,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of LBRT. Bank of New York Mellon Corp increased its position in Liberty Oilfield Services by 282.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 135,362 shares of the company’s stock valued at $2,919,000 after acquiring an additional 99,941 shares during the period. Morgan Stanley increased its position in Liberty Oilfield Services by 105.3% in the 3rd quarter. Morgan Stanley now owns 81,026 shares of the company’s stock valued at $1,748,000 after acquiring an additional 41,561 shares during the period. Rhumbline Advisers increased its position in Liberty Oilfield Services by 56.7% in the 4th quarter. Rhumbline Advisers now owns 56,905 shares of the company’s stock valued at $737,000 after acquiring an additional 20,598 shares during the period. Chicago Equity Partners LLC increased its position in Liberty Oilfield Services by 23.5% in the 4th quarter. Chicago Equity Partners LLC now owns 132,935 shares of the company’s stock valued at $1,722,000 after acquiring an additional 25,270 shares during the period. Finally, South Dakota Investment Council acquired a new position in Liberty Oilfield Services in the 4th quarter valued at about $453,000.
Several equities analysts recently issued reports on LBRT shares. Zacks Investment Research upgraded Liberty Oilfield Services from a “sell” rating to a “hold” rating in a research report on Thursday, March 21st. ValuEngine cut Liberty Oilfield Services from a “sell” rating to a “strong sell” rating in a research report on Friday, April 26th. Goldman Sachs Group started coverage on Liberty Oilfield Services in a research report on Sunday, March 10th. They issued a “neutral” rating and a $20.00 price target on the stock. B. Riley started coverage on Liberty Oilfield Services in a research report on Friday, May 17th. They issued a “buy” rating and a $20.00 price target on the stock. Finally, Barclays started coverage on Liberty Oilfield Services in a research report on Tuesday, March 12th. They issued an “overweight” rating and a $19.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company’s stock. Liberty Oilfield Services has a consensus rating of “Buy” and a consensus price target of $22.89.
NYSE LBRT opened at $13.20 on Thursday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 1.48 and a current ratio of 1.75. Liberty Oilfield Services Inc has a 12-month low of $12.32 and a 12-month high of $23.51. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 7.29 and a beta of 2.04.
Liberty Oilfield Services (NYSE:LBRT) last released its earnings results on Tuesday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.05. Liberty Oilfield Services had a return on equity of 16.35% and a net margin of 5.50%. The company had revenue of $535.15 million for the quarter, compared to analysts’ expectations of $502.55 million. As a group, equities research analysts forecast that Liberty Oilfield Services Inc will post 1.07 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.52%. The ex-dividend date of this dividend is Wednesday, June 5th. Liberty Oilfield Services’s payout ratio is 11.05%.
In other Liberty Oilfield Services news, President Ron Gusek sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $17.50, for a total transaction of $350,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Michael Stock sold 90,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $17.01, for a total value of $1,530,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 171,309 shares of company stock worth $2,923,153 in the last quarter. 6.19% of the stock is currently owned by insiders.
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About Liberty Oilfield Services
Liberty Oilfield Services Inc provides hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. The company offers its services primarily in the Permian Basin, the Eagle Ford Shale, the Denver-Julesburg Basin, the Williston Basin, and the Powder River Basin.
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