New Mexico Educational Retirement Board purchased a new stake in shares of Core Laboratories (NYSE:CLB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 10,900 shares of the oil and gas company’s stock, valued at approximately $1,194,000.
A number of other hedge funds have also made changes to their positions in the business. California Public Employees Retirement System lifted its position in Core Laboratories by 1.4% during the fourth quarter. California Public Employees Retirement System now owns 94,646 shares of the oil and gas company’s stock valued at $10,368,000 after buying an additional 1,298 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Core Laboratories during the fourth quarter valued at approximately $1,645,000. Regal Investment Advisors LLC acquired a new position in Core Laboratories during the fourth quarter valued at approximately $205,000. Key Square Capital Management LLC acquired a new position in Core Laboratories during the fourth quarter valued at approximately $6,550,000. Finally, WCM Investment Management CA lifted its position in Core Laboratories by 5.5% during the fourth quarter. WCM Investment Management CA now owns 4,793,731 shares of the oil and gas company’s stock valued at $525,153,000 after buying an additional 250,830 shares in the last quarter.
Shares of Core Laboratories (CLB) opened at $104.54 on Thursday. The stock has a market cap of $4,689.81, a P/E ratio of 53.10 and a beta of 1.44. Core Laboratories has a 12 month low of $86.55 and a 12 month high of $121.39. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.66 and a current ratio of 1.98.
Core Laboratories (NYSE:CLB) last posted its quarterly earnings data on Wednesday, January 31st. The oil and gas company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. The company had revenue of $172.00 million for the quarter, compared to analyst estimates of $171.92 million. Core Laboratories had a net margin of 12.60% and a return on equity of 58.25%. The business’s quarterly revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. sell-side analysts forecast that Core Laboratories will post 2.67 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, January 26th were paid a $0.55 dividend. The ex-dividend date was Thursday, January 25th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.10%. Core Laboratories’s dividend payout ratio (DPR) is presently 117.02%.
A number of brokerages have weighed in on CLB. TheStreet raised shares of Core Laboratories from a “c” rating to a “b-” rating in a research report on Thursday, February 1st. Royal Bank of Canada set a $125.00 price target on shares of Core Laboratories and gave the company a “buy” rating in a research report on Tuesday, January 30th. Zacks Investment Research raised shares of Core Laboratories from a “sell” rating to a “hold” rating in a research report on Wednesday, November 1st. Scotiabank set a $136.00 price objective on shares of Core Laboratories and gave the company a “hold” rating in a research note on Wednesday, October 25th. Finally, ABN Amro upgraded shares of Core Laboratories from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Core Laboratories currently has an average rating of “Hold” and an average price target of $111.70.
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Core Laboratories Company Profile
Core Laboratories N.V. provides reservoir description, production enhancement and reservoir management services to the oil and gas industry. The Company operates through three segments: Reservoir Description, Production Enhancement and Reservoir Management. The Reservoir Description segment encompasses the characterization of petroleum reservoir rock, fluid and gas samples.
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