Jones Financial Companies Lllp Has $284,000 Holdings in Core Laboratories Inc. (NYSE:CLB)

Jones Financial Companies Lllp boosted its position in shares of Core Laboratories Inc. (NYSE:CLB) by 10.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,383 shares of the oil and gas company’s stock after purchasing an additional 1,569 shares during the period. Jones Financial Companies Lllp’s holdings in Core Laboratories were worth $284,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Smartleaf Asset Management LLC lifted its stake in 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 valued at $35,000 after purchasing an additional 1,293 shares during the last quarter. Nisa Investment Advisors LLC raised its position 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 valued at $42,000 after buying an additional 2,339 shares in the last quarter. Isthmus Partners LLC increased its stake in Core Laboratories by 18.8% in the third quarter. Isthmus Partners LLC now owns 10,620 shares of the oil and gas company’s stock valued at $197,000 after acquiring an additional 1,682 shares during the last quarter. Quantbot Technologies LP bought a new position in Core Laboratories in the third quarter valued at approximately $211,000. Finally, Integrated Investment Consultants LLC increased its stake in 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 valued at $302,000 after acquiring an additional 2,709 shares during the last quarter. Institutional investors own 97.81% of the company’s stock.

Core Laboratories Trading Up 3.3 %

NYSE:CLB opened at $15.10 on Thursday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.32 and a quick ratio of 1.71. The firm has a 50-day moving average of $17.24 and a 200-day moving average of $18.37. The company has a market cap of $706.90 million, a PE ratio of 22.87, a PEG ratio of 0.99 and a beta of 2.38. Core Laboratories Inc. has a one year low of $12.95 and a one year high of $25.13.

Core Laboratories (NYSE:CLB) last released its earnings results on Wednesday, January 29th. The oil and gas company reported $0.23 earnings per share 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%. As a group, equities research analysts expect that Core Laboratories Inc. will post 0.96 EPS for the current fiscal year.

Core Laboratories Announces Dividend

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

Analyst Ratings Changes

Separately, Citigroup raised shares of Core Laboratories from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $15.00 to $16.00 in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $17.50.

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.