Carlyle Group L.P. lessened its holdings in shares of Liberty Oilfield Services Inc (NYSE:LBRT) by 0.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,804,996 shares of the company’s stock after selling 117,647 shares during the period. Liberty Oilfield Services accounts for 35.4% of Carlyle Group L.P.’s holdings, making the stock its biggest holding. Carlyle Group L.P. owned about 42.56% of Liberty Oilfield Services worth $735,719,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of Liberty Oilfield Services by 282.2% during 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 buying an additional 99,941 shares in the last quarter. Morgan Stanley lifted its holdings 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 purchasing an additional 41,561 shares in the last quarter. Quantamental Technologies LLC purchased a new position in Liberty Oilfield Services in the 4th quarter valued at $44,000. Rhumbline Advisers lifted its holdings 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 purchasing an additional 20,598 shares in the last quarter. Finally, Chicago Equity Partners LLC lifted its holdings 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 purchasing an additional 25,270 shares in the last quarter.
A number of brokerages have issued reports on LBRT. B. Riley began coverage on Liberty Oilfield Services in a research note on Friday, May 17th. They issued a “buy” rating and a $20.00 target price for the company. Zacks Investment Research raised Liberty Oilfield Services from a “sell” rating to a “hold” rating in a research note on Thursday, March 21st. Barclays assumed coverage on Liberty Oilfield Services in a research report on Tuesday, March 12th. They set an “overweight” rating and a $19.00 price objective for the company. ValuEngine raised Liberty Oilfield Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 13th. Finally, Goldman Sachs Group assumed coverage on Liberty Oilfield Services in a research report on Sunday, March 10th. They set a “neutral” rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. Liberty Oilfield Services currently has an average rating of “Buy” and a consensus price target of $22.89.
Shares of LBRT traded down $0.21 during midday trading on Friday, hitting $14.06. The company had a trading volume of 416,048 shares, compared to its average volume of 583,338. The stock has a market capitalization of $1.85 billion, a PE ratio of 7.77 and a beta of 2.07. Liberty Oilfield Services Inc has a 1 year low of $12.32 and a 1 year high of $23.51. 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 (NYSE:LBRT) last posted its earnings results on Tuesday, April 30th. The company reported $0.27 earnings per share for the quarter, topping the 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 firm had revenue of $535.15 million during the quarter, compared to analysts’ expectations of $502.55 million. Analysts predict that Liberty Oilfield Services Inc will post 1.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 20th. Shareholders of record on Thursday, June 6th will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Wednesday, June 5th. Liberty Oilfield Services’s dividend payout ratio is currently 11.05%.
In other news, insider Robert Day sold 1,500,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 26th. The stock was sold at an average price of $16.03, for a total value of $24,045,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Ron Gusek sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $17.50, for a total value of $350,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,671,309 shares of company stock valued at $26,968,153. 6.19% of the stock is owned by company 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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