Jones Financial Companies Lllp Boosts Stake in Core Laboratories Inc. (NYSE:CLB)

Jones Financial Companies Lllp lifted its holdings in shares of Core Laboratories Inc. (NYSE:CLB) by 10.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,383 shares of the oil and gas company’s stock after buying an additional 1,569 shares during the quarter. Jones Financial Companies Lllp’s holdings in Core Laboratories were worth $284,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in shares of Core Laboratories by 173.8% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,037 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 1,293 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of Core Laboratories by 2,688.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 2,426 shares of the oil and gas company’s stock worth $42,000 after buying an additional 2,339 shares in the last quarter. Isthmus Partners LLC lifted its position in Core Laboratories by 18.8% during the third quarter. Isthmus Partners LLC now owns 10,620 shares of the oil and gas company’s stock valued at $197,000 after purchasing an additional 1,682 shares during the period. Quantbot Technologies LP purchased a new stake in Core Laboratories during the third quarter valued at approximately $211,000. Finally, Integrated Investment Consultants LLC increased its stake in shares of Core Laboratories by 19.9% in the third quarter. Integrated Investment Consultants LLC now owns 16,290 shares of the oil and gas company’s stock worth $302,000 after purchasing an additional 2,709 shares in the last quarter. Institutional investors own 97.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup upgraded shares of Core Laboratories from a “sell” rating to a “neutral” rating and upped their target price for the stock from $15.00 to $16.00 in a research report on Wednesday. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.50.

Core Laboratories Trading Up 3.3 %

CLB stock opened at $15.10 on Thursday. The company has a market capitalization of $706.90 million, a PE ratio of 22.87, a P/E/G ratio of 0.99 and a beta of 2.38. Core Laboratories Inc. has a 12 month low of $12.95 and a 12 month high of $25.13. The firm’s 50-day moving average is $17.24 and its 200 day moving average is $18.37. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.32 and a quick ratio of 1.71.

Core Laboratories (NYSE:CLB) last posted its earnings results on Wednesday, January 29th. The oil and gas company reported $0.23 EPS for the quarter, meeting analysts’ consensus estimates of $0.23. Core Laboratories had a net margin of 5.99% and a return on equity of 16.24%. On average, research analysts anticipate that Core Laboratories Inc. will post 0.96 EPS for the current year.

Core Laboratories Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 3rd. Stockholders of record on Monday, February 10th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, February 10th. Core Laboratories’s payout ratio is currently 6.06%.

Core Laboratories Company Profile

Core Laboratories Inc provides reservoir description and production enhancement services and products to the oil and gas industry in the United States, and internationally. It operates through Reservoir Description and Production Enhancement segments. The Reservoir Description segment includes the characterization of petroleum reservoir rock and reservoir fluid samples to enhance production and improve recovery of crude oil and gas from its clients' reservoirs.