Foresters Investment Management Company Inc. boosted its holdings in Liberty Oilfield Services Inc (NYSE:LBRT) by 3.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 408,200 shares of the company’s stock after acquiring an additional 15,500 shares during the quarter. Foresters Investment Management Company Inc.’s holdings in Liberty Oilfield Services were worth $5,286,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantamental Technologies LLC bought a new position in Liberty Oilfield Services in the 4th quarter valued at about $44,000. Legal & General Group Plc lifted its position 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 valued at $143,000 after acquiring an additional 4,529 shares in the last quarter. Quantbot Technologies LP bought a new position in Liberty Oilfield Services in the 3rd quarter valued at about $186,000. Alambic Investment Management L.P. bought a new position in shares of Liberty Oilfield Services during the 3rd quarter worth approximately $215,000. Finally, South Dakota Investment Council bought a new position in shares of Liberty Oilfield Services during the 4th quarter worth approximately $453,000.

In related news, insider Robert Day sold 1,500,000 shares of Liberty Oilfield Services stock in a transaction that occurred on 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 legal filing with the SEC, which is available at the SEC website. Also, President Ron Gusek sold 25,000 shares of Liberty Oilfield Services stock in a transaction that occurred on Wednesday, February 20th. The stock was 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. Insiders sold a total of 1,646,471 shares of company stock worth $26,551,981 in the last ninety days.

Several equities analysts have commented on the stock. Goldman Sachs Group assumed 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. Zacks Investment Research cut shares of Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 24th. Cowen reissued a “market perform” rating and set a $16.00 target price (down previously from $18.00) on shares of Liberty Oilfield Services in a research report on Thursday, February 7th. Citigroup dropped their target price on shares of Liberty Oilfield Services from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Thursday, November 29th. Finally, Barclays assumed coverage on shares of Liberty Oilfield Services in a research report on Tuesday. They set an “overweight” rating and a $19.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $23.25.

NYSE:LBRT opened at $15.51 on Friday. The company has a current ratio of 2.10, a quick ratio of 1.83 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $1.74 billion, a P/E ratio of 8.57 and a beta of 2.25. Liberty Oilfield Services Inc has a 12 month low of $12.32 and a 12 month high of $23.90.

Liberty Oilfield Services (NYSE:LBRT) last posted its quarterly earnings results on Tuesday, February 5th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.04). The company had revenue of $473.12 million during the quarter, compared to the consensus estimate of $496.80 million. Liberty Oilfield Services had a return on equity of 17.91% and a net margin of 5.86%. As a group, sell-side analysts expect that Liberty Oilfield Services Inc will post 1.05 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Wednesday, March 6th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.29%. 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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Institutional Ownership by Quarter for Liberty Oilfield Services (NYSE:LBRT)

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