Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Liberty Oilfield Services Inc (NYSE:LBRT) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 75,393 shares of the company’s stock, valued at approximately $1,160,000. Sumitomo Mitsui Trust Holdings Inc. owned 0.07% of Liberty Oilfield Services as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the business. Quantamental Technologies LLC bought a new stake in Liberty Oilfield Services in the 4th quarter valued at $44,000. Albert D Mason Inc. lifted its holdings in shares of Liberty Oilfield Services by 8.0% during the 1st quarter. Albert D Mason Inc. now owns 47,810 shares of the company’s stock worth $736,000 after acquiring an additional 3,540 shares during the period. Squarepoint Ops LLC lifted its holdings in shares of Liberty Oilfield Services by 61.0% during the 4th quarter. Squarepoint Ops LLC now owns 20,602 shares of the company’s stock worth $267,000 after acquiring an additional 7,802 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Liberty Oilfield Services by 810.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 10,339 shares of the company’s stock worth $159,000 after acquiring an additional 9,203 shares during the period. Finally, QS Investors LLC bought a new position in shares of Liberty Oilfield Services during the 4th quarter worth about $133,000.
NYSE:LBRT traded up $0.66 on Wednesday, reaching $15.79. 445,051 shares of the stock traded hands, compared to its average volume of 579,668. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of 8.72 and a beta of 2.04. The firm has a 50 day moving average of $14.47. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.75 and a quick ratio of 1.48. Liberty Oilfield Services Inc has a 1-year low of $12.32 and a 1-year high of $23.51.
Liberty Oilfield Services (NYSE:LBRT) last issued its earnings results on Tuesday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. On average, sell-side analysts predict that Liberty Oilfield Services Inc will post 1.08 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Thursday, June 6th were given a dividend of $0.05 per share. The ex-dividend date was Wednesday, June 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.27%. Liberty Oilfield Services’s dividend payout ratio (DPR) is presently 11.05%.
LBRT has been the subject of a number of recent analyst reports. Goldman Sachs Group initiated coverage on shares of Liberty Oilfield Services in a research report on Sunday, March 10th. They set a “neutral” rating and a $20.00 target price for the company. Barclays initiated coverage on shares of Liberty Oilfield Services in a research report on Tuesday, March 12th. They set an “overweight” rating and a $19.00 target price for the company. B. Riley initiated coverage on shares of Liberty Oilfield Services in a research report on Friday, May 17th. They set a “buy” rating and a $20.00 target price for the company. ValuEngine cut shares of Liberty Oilfield Services from a “sell” rating to a “strong sell” rating in a research report on Friday, April 26th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Liberty Oilfield Services in a research report on Thursday, June 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Liberty Oilfield Services currently has an average rating of “Buy” and a consensus target price of $22.89.
In other Liberty Oilfield Services news, President Ron Gusek sold 20,000 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $17.50, for a total value of $350,000.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Michael Stock sold 90,000 shares of the company’s stock in a transaction on Wednesday, April 17th. The shares were 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. In the last quarter, insiders have sold 171,309 shares of company stock valued at $2,923,153. Corporate insiders own 6.19% of the company’s stock.
Liberty Oilfield Services Company 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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