Metropolitan Life Insurance Co NY Purchases 24,267 Shares of Liberty Oilfield Services Inc. (NYSE:LBRT)

Metropolitan Life Insurance Co NY grew its stake in Liberty Oilfield Services Inc. (NYSE:LBRT) by 110,304.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,289 shares of the company’s stock after buying an additional 24,267 shares during the quarter. Metropolitan Life Insurance Co NY’s holdings in Liberty Oilfield Services were worth $344,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. boosted its holdings in shares of Liberty Oilfield Services by 61.8% in the first quarter. D. E. Shaw & Co. Inc. now owns 383,454 shares of the company’s stock valued at $4,329,000 after buying an additional 146,419 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Liberty Oilfield Services by 7.3% in the second quarter. Geode Capital Management LLC now owns 1,428,221 shares of the company’s stock valued at $20,223,000 after buying an additional 97,066 shares during the period. Kennedy Capital Management Inc. boosted its holdings in shares of Liberty Oilfield Services by 2.5% in the second quarter. Kennedy Capital Management Inc. now owns 836,905 shares of the company’s stock valued at $11,851,000 after buying an additional 20,799 shares during the period. Tudor Investment Corp Et Al acquired a new position in shares of Liberty Oilfield Services in the first quarter valued at approximately $675,000. Finally, Blueshift Asset Management LLC acquired a new position in shares of Liberty Oilfield Services in the second quarter valued at approximately $789,000. Institutional investors own 91.79% of the company’s stock.

Shares of LBRT opened at $9.98 on Thursday. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of -8.83 and a beta of 2.84. The company has a 50-day moving average of $11.81. Liberty Oilfield Services Inc. has a fifty-two week low of $9.12 and a fifty-two week high of $17.78. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.32 and a quick ratio of 1.09.

Liberty Oilfield Services (NYSE:LBRT) last issued its quarterly earnings data on Tuesday, October 26th. The company reported ($0.22) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.10). The company had revenue of $653.73 million during the quarter, compared to the consensus estimate of $615.36 million. Liberty Oilfield Services had a negative net margin of 7.86% and a negative return on equity of 12.29%. During the same period in the previous year, the company earned ($0.39) earnings per share. As a group, sell-side analysts expect that Liberty Oilfield Services Inc. will post -0.86 EPS for the current year.

In other Liberty Oilfield Services news, CEO Christopher A. Wright sold 40,000 shares of the firm’s stock in a transaction dated Friday, October 15th. The shares were sold at an average price of $15.21, for a total value of $608,400.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Christopher A. Wright sold 2,300 shares of the firm’s stock in a transaction dated Monday, November 8th. The shares were sold at an average price of $12.11, for a total transaction of $27,853.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,137,700 shares of company stock worth $117,546,769. 4.20% of the stock is owned by insiders.

Several research firms have recently weighed in on LBRT. Morgan Stanley reduced their price target on shares of Liberty Oilfield Services from $17.00 to $15.50 and set an “overweight” rating for the company in a report on Tuesday, August 3rd. TheStreet upgraded shares of Liberty Oilfield Services from a “d+” rating to a “c-” rating in a report on Wednesday, October 27th. Barclays increased their target price on shares of Liberty Oilfield Services from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Monday, October 25th. Citigroup cut their price target on shares of Liberty Oilfield Services from $15.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, November 11th. Finally, The Goldman Sachs Group cut shares of Liberty Oilfield Services from a “buy” rating to a “neutral” rating and cut their price target for the company from $17.00 to $13.00 in a research note on Monday, August 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.57.

Liberty Oilfield Services Profile

Liberty Oilfield Services, Inc engages in the provision of hydraulic fracturing services to onshore oil and natural gas exploration and production companies in North America. Its hydraulic fracturing fleets consist of mobile hydraulic fracturing units and other auxiliary heavy equipment to perform fracturing services.

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Institutional Ownership by Quarter for Liberty Oilfield Services (NYSE:LBRT)

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