Northern Trust Corp lifted its holdings in Liberty Oilfield Services Inc (NYSE:LBRT) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 586,303 shares of the company’s stock after buying an additional 47,368 shares during the period. Northern Trust Corp owned about 0.51% of Liberty Oilfield Services worth $7,592,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the company. Rhumbline Advisers boosted its stake in Liberty Oilfield Services by 177.5% during the third quarter. Rhumbline Advisers now owns 36,307 shares of the company’s stock worth $783,000 after buying an additional 23,222 shares during the period. Alliancebernstein L.P. boosted its stake in Liberty Oilfield Services by 57.8% during the third quarter. Alliancebernstein L.P. now owns 43,400 shares of the company’s stock worth $936,000 after buying an additional 15,900 shares during the period. Bank of New York Mellon Corp boosted its stake in Liberty Oilfield Services by 282.2% during the third quarter. Bank of New York Mellon Corp now owns 135,362 shares of the company’s stock worth $2,919,000 after buying an additional 99,941 shares during the period. BlackRock Inc. boosted its stake in Liberty Oilfield Services by 169.1% during the third quarter. BlackRock Inc. now owns 3,634,276 shares of the company’s stock worth $78,392,000 after buying an additional 2,283,611 shares during the period. Finally, Citadel Advisors LLC purchased a new position in Liberty Oilfield Services during the third quarter worth $1,045,000.
In related news, President Ron Gusek sold 25,000 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $17.63, for a total value of $440,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Day sold 1,500,000 shares of the company’s stock in a transaction dated Tuesday, February 26th. The stock was sold at an average price of $16.03, for a total transaction of $24,045,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,646,471 shares of company stock valued at $26,551,981. 6.19% of the stock is owned by insiders.
A number of analysts have recently issued reports on LBRT shares. Zacks Investment Research raised shares of Liberty Oilfield Services from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Barclays started coverage on shares of Liberty Oilfield Services in a research note on Tuesday, March 12th. They set an “overweight” rating and a $19.00 target price for the company. Goldman Sachs Group started coverage on shares of Liberty Oilfield Services in a research note on Sunday, March 10th. They set a “neutral” rating and a $20.00 target price for the company. ValuEngine raised shares of Liberty Oilfield Services from a “strong sell” rating to a “sell” rating in a research note on Wednesday, February 13th. Finally, Cowen reissued a “market perform” rating and set a $16.00 target price (down from $18.00) on shares of Liberty Oilfield Services in a research note on Thursday, February 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. Liberty Oilfield Services presently has an average rating of “Hold” and a consensus price target of $23.25.
Shares of LBRT opened at $16.04 on Tuesday. The firm has a market cap of $1.85 billion, a PE ratio of 8.86 and a beta of 2.19. Liberty Oilfield Services Inc has a 12-month low of $12.32 and a 12-month high of $23.90. The company has a quick ratio of 1.83, a current ratio of 2.10 and a debt-to-equity ratio of 0.14.
Liberty Oilfield Services (NYSE:LBRT) last issued its earnings results on Tuesday, February 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). Liberty Oilfield Services had a net margin of 5.86% and a return on equity of 17.91%. The company had revenue of $473.12 million for the quarter, compared to analysts’ expectations of $496.80 million. Analysts predict that Liberty Oilfield Services Inc will post 1.03 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Tuesday, March 5th. Liberty Oilfield Services’s dividend payout ratio (DPR) is presently 11.05%.
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Liberty Oilfield Services Profile
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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