New Mexico Educational Retirement Board purchased a new position in Core Laboratories (NYSE:CLB) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,900 shares of the oil and gas company’s stock, valued at approximately $1,194,000.
Several other large investors also recently modified their holdings of the stock. California Public Employees Retirement System increased its stake in shares of Core Laboratories by 1.4% in the fourth quarter. California Public Employees Retirement System now owns 94,646 shares of the oil and gas company’s stock worth $10,368,000 after buying an additional 1,298 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Core Laboratories in the fourth quarter worth $1,645,000. Regal Investment Advisors LLC bought a new stake in shares of Core Laboratories in the fourth quarter worth $205,000. Key Square Capital Management LLC bought a new stake in shares of Core Laboratories in the fourth quarter worth $6,550,000. Finally, WCM Investment Management CA increased its stake in shares of Core Laboratories by 5.5% in the fourth quarter. WCM Investment Management CA now owns 4,793,731 shares of the oil and gas company’s stock worth $525,153,000 after buying an additional 250,830 shares during the last quarter.
Several analysts have weighed in on the stock. Scotiabank set a $136.00 target price on shares of Core Laboratories and gave the company a “hold” rating in a research note on Wednesday, October 25th. Loop Capital lowered their target price on shares of Core Laboratories from $125.00 to $115.00 and set a “buy” rating for the company in a research note on Wednesday, October 25th. ABN Amro upgraded shares of Core Laboratories from a “hold” rating to a “buy” rating in a research note on Wednesday, October 25th. Zacks Investment Research upgraded shares of Core Laboratories from a “sell” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, UBS Group lowered their target price on shares of Core Laboratories from $110.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company’s stock. Core Laboratories currently has an average rating of “Hold” and an average target price of $111.70.
Core Laboratories (NYSE:CLB) last announced its quarterly earnings results on Wednesday, January 31st. The oil and gas company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. Core Laboratories had a net margin of 12.60% and a return on equity of 58.25%. The company had revenue of $172.00 million during the quarter, compared to the consensus estimate of $171.92 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. equities research analysts forecast that Core Laboratories will post 2.67 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, January 26th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, January 25th. Core Laboratories’s dividend payout ratio (DPR) is 117.02%.
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Core Laboratories 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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