Janney Montgomery Scott LLC Boosts Stake in Core Laboratories N.V. (CLB)
Janney Montgomery Scott LLC lifted its position in Core Laboratories N.V. (NYSE:CLB) by 75.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,520 shares of the oil and gas company’s stock after buying an additional 8,844 shares during the period. Janney Montgomery Scott LLC’s holdings in Core Laboratories were worth $2,025,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of CLB. Parallel Advisors LLC grew its holdings in shares of Core Laboratories by 13.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,008 shares of the oil and gas company’s stock worth $101,000 after acquiring an additional 117 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Core Laboratories by 63.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,128 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 439 shares during the last quarter. Advisory Services Network LLC grew its holdings in shares of Core Laboratories by 33.3% in the 2nd quarter. Advisory Services Network LLC now owns 1,365 shares of the oil and gas company’s stock worth $138,000 after acquiring an additional 341 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Core Laboratories by 243.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,866 shares of the oil and gas company’s stock worth $184,000 after acquiring an additional 1,323 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Core Laboratories in the 2nd quarter worth $203,000.
Core Laboratories N.V. (NYSE CLB) opened at $98.09 on Monday. The company has a debt-to-equity ratio of 1.53, a current ratio of 2.18 and a quick ratio of 1.81. Core Laboratories N.V. has a 52 week low of $86.55 and a 52 week high of $125.83. The company has a market capitalization of $4,330.38, a PE ratio of 53.60 and a beta of 1.56.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 21st. Shareholders of record on Friday, October 20th were paid a $0.55 dividend. The ex-dividend date was Thursday, October 19th. This represents a $2.20 dividend on an annualized basis and a yield of 2.24%. Core Laboratories’s dividend payout ratio (DPR) is currently 126.44%.
A number of research analysts have recently weighed in on the company. Zacks Investment Research downgraded Core Laboratories from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Cowen set a $100.00 price target on Core Laboratories and gave the company a “hold” rating in a report on Friday, October 6th. Piper Jaffray Companies set a $97.00 price target on Core Laboratories and gave the company a “hold” rating in a report on Monday, October 23rd. Royal Bank of Canada reiterated a “buy” rating on shares of Core Laboratories in a report on Wednesday, October 18th. Finally, Loop Capital set a $115.00 price target on Core Laboratories and gave the company a “buy” rating in a report on Thursday, December 7th. Three analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company. Core Laboratories currently has a consensus rating of “Hold” and an average target price of $110.40.
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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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