Michael Stock Sells 90,000 Shares of Liberty Oilfield Services Inc (NYSE:LBRT) Stock

Liberty Oilfield Services Inc (NYSE:LBRT) CFO Michael Stock sold 90,000 shares of the company’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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Michael Stock also recently made the following trade(s):

  • On Monday, May 6th, Michael Stock sold 61,309 shares of Liberty Oilfield Services stock. The stock was sold at an average price of $17.00, for a total value of $1,042,253.00.
  • On Tuesday, February 19th, Michael Stock sold 4,185 shares of Liberty Oilfield Services stock. The stock was sold at an average price of $17.00, for a total value of $71,145.00.
  • On Friday, February 15th, Michael Stock sold 40,815 shares of Liberty Oilfield Services stock. The stock was sold at an average price of $17.03, for a total value of $695,079.45.

Shares of LBRT stock traded down $0.18 during trading hours on Friday, reaching $15.51. 889,377 shares of the company were exchanged, compared to its average volume of 721,669. Liberty Oilfield Services Inc has a fifty-two week low of $12.32 and a fifty-two week high of $23.90. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of 8.57 and a beta of 2.07. The company has a current ratio of 1.75, a quick ratio of 1.83 and a debt-to-equity ratio of 0.25.

Liberty Oilfield Services (NYSE:LBRT) last announced its earnings results on Tuesday, April 30th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.05. The company had revenue of $535.15 million for the quarter, compared to analyst estimates of $502.55 million. Liberty Oilfield Services had a net margin of 5.50% and a return on equity of 16.35%. On average, equities research analysts forecast that Liberty Oilfield Services Inc will post 1.06 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Wednesday, June 5th. Liberty Oilfield Services’s dividend payout ratio (DPR) is currently 11.05%.

Several brokerages recently weighed in on LBRT. Zacks Investment Research lowered Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 24th. Barclays initiated coverage on Liberty Oilfield Services in a report on Tuesday, March 12th. They set an “overweight” rating and a $19.00 price target on the stock. Cowen reaffirmed a “market perform” rating and set a $16.00 price target (down previously from $18.00) on shares of Liberty Oilfield Services in a report on Thursday, February 7th. ValuEngine raised Liberty Oilfield Services from a “strong sell” rating to a “sell” rating in a report on Wednesday, February 13th. Finally, Goldman Sachs Group began coverage on Liberty Oilfield Services in a report on Sunday, March 10th. They set a “neutral” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $23.25.

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc lifted its position in shares of Liberty Oilfield Services by 144.8% during the 3rd quarter. Vanguard Group Inc now owns 2,769,980 shares of the company’s stock valued at $59,748,000 after buying an additional 1,638,479 shares in the last quarter. FMR LLC raised its stake in Liberty Oilfield Services by 3.0% during the 4th quarter. FMR LLC now owns 6,156,284 shares of the company’s stock valued at $79,724,000 after acquiring an additional 178,511 shares during the last quarter. BlackRock Inc. raised its stake in Liberty Oilfield Services by 169.1% during the 3rd quarter. BlackRock Inc. now owns 3,634,276 shares of the company’s stock valued at $78,392,000 after acquiring an additional 2,283,611 shares during the last quarter. Clearbridge Investments LLC raised its stake in Liberty Oilfield Services by 1,066.7% during the 3rd quarter. Clearbridge Investments LLC now owns 1,074,169 shares of the company’s stock valued at $23,170,000 after acquiring an additional 982,100 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in Liberty Oilfield Services by 144.8% during the 3rd quarter. Vanguard Group Inc. now owns 2,769,980 shares of the company’s stock valued at $59,748,000 after acquiring an additional 1,638,479 shares during the last quarter.

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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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