American Century Companies Inc. increased its holdings in shares of Liberty Oilfield Services Inc (NYSE:LBRT) by 72.7% during the second quarter, HoldingsChannel reports. The firm owned 173,674 shares of the company’s stock after buying an additional 73,137 shares during the period. American Century Companies Inc.’s holdings in Liberty Oilfield Services were worth $3,251,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LBRT. BlackRock Inc. acquired a new stake in Liberty Oilfield Services in the first quarter valued at approximately $25,770,000. Carlyle Group L.P. acquired a new stake in Liberty Oilfield Services in the first quarter valued at approximately $851,337,000. Meghalaya Partners L.P. acquired a new stake in Liberty Oilfield Services in the first quarter valued at approximately $2,407,000. Legal & General Group Plc acquired a new stake in Liberty Oilfield Services in the first quarter valued at approximately $839,000. Finally, Bamco Inc. NY acquired a new stake in Liberty Oilfield Services in the first quarter valued at approximately $253,000.

NYSE:LBRT opened at $16.38 on Friday. Liberty Oilfield Services Inc has a 12 month low of $16.00 and a 12 month high of $23.90. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.52 and a quick ratio of 2.22. The firm has a market cap of $2.17 billion and a PE ratio of 18.61.

Liberty Oilfield Services (NYSE:LBRT) last posted its quarterly earnings data on Wednesday, August 1st. The company reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.13. The company had revenue of $628.08 million for the quarter, compared to analyst estimates of $543.64 million. equities analysts predict that Liberty Oilfield Services Inc will post 2.44 EPS for the current year.

The business also recently disclosed a special dividend, which will be paid on Thursday, September 20th. Stockholders of record on Thursday, September 6th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, September 5th. Liberty Oilfield Services’s payout ratio is currently 22.73%.

Several equities research analysts have weighed in on the stock. Citigroup lowered their target price on shares of Liberty Oilfield Services from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, July 9th. Zacks Investment Research downgraded shares of Liberty Oilfield Services from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 21st. Capital One Financial restated an “overweight” rating on shares of Liberty Oilfield Services in a research note on Wednesday, July 25th. ValuEngine downgraded shares of Liberty Oilfield Services from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Tudor Pickering downgraded shares of Liberty Oilfield Services from a “buy” rating to a “hold” rating in a research note on Friday, June 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $28.75.

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. It provides 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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