On April 4, 2023 at 09:33:34 ET an unusually large $27.27K block of Call contracts in Liberty Oilfield Services (LBRT) was sold, with a strike price of $21.00 / share, expiring in 17 days (on April 21, 2023). Fintel tracks all large options trades, and the premium spent on this trade was ? sigmas above the mean, placing it in the percentile of all recent large trades made in LBRT options.
This trade was first picked up on Fintel’s real time Unusual Option Trades tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 62.62% Upside
As of March 30, 2023, the average one-year price target for Liberty Oilfield Services is $22.15. The forecasts range from a low of $16.16 to a high of $29.40. The average price target represents an increase of 62.62% from its latest reported closing price of $13.62.
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The projected annual revenue for Liberty Oilfield Services is $5,235MM, an increase of 26.17%. The projected annual non-GAAP EPS is $3.38.
What is the Fund Sentiment?
There are 580 funds or institutions reporting positions in Liberty Oilfield Services. This is an increase of 49 owner(s) or 9.23% in the last quarter. Average portfolio weight of all funds dedicated to LBRT is 0.30%, an increase of 6.32%. Total shares owned by institutions increased in the last three months by 2.67% to 181,301K shares. The put/call ratio of LBRT is 0.15, indicating a bullish outlook.
What are Large Shareholders Doing?
T. Rowe Price Investment Management holds 10,669K shares representing 6.08% ownership of the company. In it’s prior filing, the firm reported owning 10,676K shares, representing a decrease of 0.07%. The firm increased its portfolio allocation in LBRT by 21.18% over the last quarter.
Van Eck Associates holds 6,933K shares representing 3.95% ownership of the company. In it’s prior filing, the firm reported owning 7,765K shares, representing a decrease of 12.01%. The firm decreased its portfolio allocation in LBRT by 2.13% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares holds 5,019K shares representing 2.86% ownership of the company. In it’s prior filing, the firm reported owning 4,750K shares, representing an increase of 5.38%. The firm increased its portfolio allocation in LBRT by 23.23% over the last quarter.
FLPSX – Fidelity Low-Priced Stock Fund holds 4,797K shares representing 2.73% ownership of the company. In it’s prior filing, the firm reported owning 4,800K shares, representing a decrease of 0.06%. The firm decreased its portfolio allocation in LBRT by 12.88% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares holds 4,224K shares representing 2.41% ownership of the company. In it’s prior filing, the firm reported owning 4,034K shares, representing an increase of 4.50%. The firm increased its portfolio allocation in LBRT by 22.39% over the last quarter.
Liberty Oilfield Services Declares $0.05 Dividend
On January 24, 2023 the company declared a regular quarterly dividend of $0.05 per share ($0.20 annualized). Shareholders of record as of March 6, 2023 received the payment on March 20, 2023. Previously, the company paid $0.05 per share.
At the current share price of $13.62 / share, the stock’s dividend yield is 1.47%. Looking back five years and taking a sample every week, the average dividend yield has been 1.63%, the lowest has been 0.86%, and the highest has been 8.33%. The standard deviation of yields is 1.15 (n=116).
The current dividend yield is 0.14 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 0.09. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
Liberty Energy Background Information
(This description is provided by the company.)
Liberty Oilfield Services Inc. is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with its customers. Liberty is headquartered in Denver, Colorado.
This article originally appeared on Fintel
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