South Dakota Investment Council lifted its position in Liberty Oilfield Services Inc (NYSE:LBRT) by 174.1% in the 1st quarter, HoldingsChannel reports. The fund owned 95,940 shares of the company’s stock after acquiring an additional 60,940 shares during the quarter. South Dakota Investment Council’s holdings in Liberty Oilfield Services were worth $1,477,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quantamental Technologies LLC purchased a new position in Liberty Oilfield Services during the fourth quarter worth approximately $44,000. QS Investors LLC bought a new position in Liberty Oilfield Services in the 4th quarter worth $133,000. Legal & General Group Plc raised its holdings in Liberty Oilfield Services by 213.8% in the 3rd quarter. Legal & General Group Plc now owns 6,647 shares of the company’s stock worth $143,000 after acquiring an additional 4,529 shares during the period. BNP Paribas Arbitrage SA raised its holdings in Liberty Oilfield Services by 810.1% in 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, Metropolitan Life Insurance Co. NY raised its holdings in Liberty Oilfield Services by 356.6% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 14,757 shares of the company’s stock worth $191,000 after acquiring an additional 11,525 shares during the period.
Several research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Liberty Oilfield Services from a “sell” rating to a “strong sell” rating in a report on Friday, April 26th. Zacks Investment Research upgraded shares of Liberty Oilfield Services from a “sell” rating to a “hold” rating in a report on Thursday, March 21st. Barclays assumed coverage on shares of Liberty Oilfield Services in a report on Tuesday, March 12th. They set an “overweight” rating and a $19.00 price objective on the stock. Goldman Sachs Group assumed coverage on shares of Liberty Oilfield Services in a report on Sunday, March 10th. They set a “neutral” rating and a $20.00 price objective on the stock. Finally, Cowen restated a “market perform” rating and set a $16.00 price objective (down previously from $18.00) on shares of Liberty Oilfield Services in a report on Thursday, February 7th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. Liberty Oilfield Services has an average rating of “Hold” and a consensus price target of $23.25.
NYSE LBRT traded up $0.32 on Tuesday, reaching $15.37. The company’s stock had a trading volume of 2,055 shares, compared to its average volume of 597,047. The stock has a market cap of $1.74 billion, a P/E ratio of 8.46 and a beta of 2.07. Liberty Oilfield Services Inc has a 52 week low of $12.32 and a 52 week high of $23.90. The company has a quick ratio of 1.83, a current ratio of 1.75 and a debt-to-equity ratio of 0.25.
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, beating the Zacks’ consensus estimate of $0.22 by $0.05. The business had revenue of $535.15 million for the quarter, compared to analysts’ expectations of $502.55 million. Liberty Oilfield Services had a net margin of 5.50% and a return on equity of 16.35%. Research analysts anticipate that Liberty Oilfield Services Inc will post 1.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 20th. Investors of record on Thursday, June 6th will be paid a $0.05 dividend. The ex-dividend date is Wednesday, June 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.30%. Liberty Oilfield Services’s payout ratio is currently 11.05%.
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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