Core Laboratories Inc. (NYSE:CLB) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC increased its holdings in Core Laboratories Inc. (NYSE:CLB) by 2,688.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,426 shares of the oil and gas company’s stock after purchasing an additional 2,339 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Core Laboratories were worth $42,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. nVerses Capital LLC acquired a new position in shares of Core Laboratories during the 3rd quarter worth approximately $48,000. Northwestern Mutual Wealth Management Co. increased its holdings in Core Laboratories by 11.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 5,636 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 600 shares in the last quarter. GAMMA Investing LLC raised its position in Core Laboratories by 33.0% during the third quarter. GAMMA Investing LLC now owns 5,885 shares of the oil and gas company’s stock worth $109,000 after acquiring an additional 1,460 shares during the period. Isthmus Partners LLC lifted its holdings 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 in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of Core Laboratories in the third quarter valued at about $211,000. Hedge funds and other institutional investors own 97.81% of the company’s stock.

Core Laboratories Stock Performance

CLB opened at $16.94 on Friday. The firm has a market capitalization of $795.43 million, a PE ratio of 25.67, a PEG ratio of 1.09 and a beta of 2.39. The company has a current ratio of 2.48, a quick ratio of 1.79 and a debt-to-equity ratio of 0.55. Core Laboratories Inc. has a twelve month low of $13.82 and a twelve month high of $25.13. The firm’s 50-day moving average price is $18.85 and its 200 day moving average price is $19.43.

Core Laboratories (NYSE:CLB) last issued its earnings results on Wednesday, January 29th. The oil and gas company reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. Core Laboratories had a return on equity of 16.43% and a net margin of 5.99%. As a group, sell-side analysts expect that Core Laboratories Inc. will post 0.96 EPS for the current fiscal year.

Core Laboratories Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Monday, February 10th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.24%. The ex-dividend date is Monday, February 10th. Core Laboratories’s dividend payout ratio (DPR) is presently 6.06%.

Analyst Upgrades and Downgrades

CLB has been the topic of a number of research reports. StockNews.com raised shares of Core Laboratories from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Citigroup decreased their target price on Core Laboratories from $15.00 to $14.00 and set a “sell” rating on the stock in a research report on Thursday, October 31st. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $17.00.

About Core Laboratories

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.