Squarepoint Ops LLC grew its stake in Liberty Oilfield Services Inc (NYSE:LBRT) by 61.0% during the 4th quarter, Holdings Channel reports. The firm owned 20,602 shares of the company’s stock after buying an additional 7,802 shares during the period. Squarepoint Ops LLC’s holdings in Liberty Oilfield Services were worth $267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently bought and sold shares of LBRT. Quantamental Technologies LLC acquired a new stake in shares of Liberty Oilfield Services during the 4th quarter valued at about $44,000. QS Investors LLC acquired a new stake in shares of Liberty Oilfield Services during the 4th quarter valued at about $133,000. Legal & General Group Plc boosted its position in shares of Liberty Oilfield Services by 213.8% during the 3rd quarter. Legal & General Group Plc now owns 6,647 shares of the company’s stock valued at $143,000 after acquiring an additional 4,529 shares in the last quarter. Menta Capital LLC acquired a new stake in shares of Liberty Oilfield Services during the 4th quarter valued at about $216,000. Finally, Stone Ridge Asset Management LLC acquired a new stake in shares of Liberty Oilfield Services during the 4th quarter valued at about $394,000.
In other Liberty Oilfield Services news, insider Robert Day sold 1,500,000 shares of the business’s stock in a transaction dated Tuesday, February 26th. The shares were 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 can be accessed through the SEC website. Also, President Ron Gusek sold 25,000 shares of the business’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $17.63, for a total transaction of $440,750.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,646,471 shares of company stock worth $26,551,981. Company insiders own 6.19% of the company’s stock.
Several analysts have recently weighed in on LBRT shares. Goldman Sachs Group started 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 on the stock. Barclays started 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 on the stock. Cowen reiterated a “market perform” rating and set a $16.00 target price (down from $18.00) on shares of Liberty Oilfield Services in a research report on Thursday, February 7th. ValuEngine upgraded shares of Liberty Oilfield Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, February 13th. Finally, Zacks Investment Research lowered shares of Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $23.25.
NYSE:LBRT opened at $16.76 on Wednesday. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 9.26 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 current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.14.
Liberty Oilfield Services (NYSE:LBRT) last released its quarterly earnings results on Tuesday, February 5th. The company reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.04). The firm had revenue of $473.12 million during the quarter, compared to analyst estimates of $496.80 million. Liberty Oilfield Services had a net margin of 5.86% and a return on equity of 17.91%. Research analysts predict that Liberty Oilfield Services Inc will post 1.03 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Wednesday, March 6th were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.20 dividend on an annualized basis and a yield of 1.19%. 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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