Colony Group LLC Acquires 3,183 Shares of Core Laboratories N.V. (CLB)
Colony Group LLC raised its holdings in Core Laboratories N.V. (NYSE:CLB) by 9.4% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,190 shares of the oil and gas company’s stock after buying an additional 3,183 shares during the period. Colony Group LLC owned approximately 0.08% of Core Laboratories worth $3,671,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. Sustainable Growth Advisers LP raised its holdings in shares of Core Laboratories by 36.9% in the 2nd quarter. Sustainable Growth Advisers LP now owns 2,345,271 shares of the oil and gas company’s stock valued at $237,505,000 after purchasing an additional 632,263 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Core Laboratories by 141.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 567,306 shares of the oil and gas company’s stock valued at $55,992,000 after purchasing an additional 332,620 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of Core Laboratories by 19.0% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,025,357 shares of the oil and gas company’s stock valued at $199,904,000 after purchasing an additional 323,357 shares in the last quarter. WCM Investment Management CA raised its holdings in shares of Core Laboratories by 7.3% in the 2nd quarter. WCM Investment Management CA now owns 4,433,175 shares of the oil and gas company’s stock valued at $448,948,000 after purchasing an additional 303,073 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Core Laboratories by 1,087.6% in the 3rd quarter. Ameriprise Financial Inc. now owns 315,556 shares of the oil and gas company’s stock valued at $31,143,000 after purchasing an additional 288,985 shares in the last quarter.
Several equities research analysts recently commented on CLB shares. Deutsche Bank started coverage on shares of Core Laboratories in a research note on Tuesday, October 10th. They set a “buy” rating and a $109.00 price target on the stock. Zacks Investment Research lowered shares of Core Laboratories from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Scotiabank set a $136.00 price target on shares of Core Laboratories and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada cut their price target on shares of Core Laboratories from $115.00 to $112.00 and set an “outperform” rating on the stock in a research note on Thursday, September 7th. Finally, ValuEngine lowered shares of Core Laboratories from a “hold” rating to a “sell” rating in a research note on Friday, September 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. Core Laboratories presently has an average rating of “Hold” and an average price target of $110.40.
Core Laboratories N.V. (CLB) opened at $101.74 on Tuesday. Core Laboratories N.V. has a 52-week low of $86.55 and a 52-week high of $125.83. The company has a debt-to-equity ratio of 1.53, a quick ratio of 1.81 and a current ratio of 2.18. The stock has a market cap of $4,458.88, a price-to-earnings ratio of 55.19 and a beta of 1.56.
Core Laboratories (NYSE:CLB) last issued its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.04. Core Laboratories had a net margin of 12.06% and a return on equity of 52.89%. The company had revenue of $166.20 million for the quarter, compared to the consensus estimate of $160.94 million. During the same period last year, the firm posted $0.38 EPS. Core Laboratories’s revenue for the quarter was up 1.4% on a year-over-year basis. equities analysts anticipate that Core Laboratories N.V. will post 1.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Stockholders of record on Friday, October 20th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Thursday, October 19th. Core Laboratories’s payout ratio is 126.44%.
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About Core Laboratories
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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