Core Laboratories Inc. (NYSE:CLB) to Issue $0.01 Quarterly Dividend

Core Laboratories Inc. (NYSE:CLBGet Free Report) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Monday, August 10th will be given a dividend of 0.01 per share by the oil and gas company on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, August 10th.

Core Laboratories has decreased its dividend by an average of 0.3%annually over the last three years. Core Laboratories has a payout ratio of 4.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Core Laboratories to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 5.1%.

Core Laboratories Price Performance

Shares of NYSE CLB opened at $9.87 on Thursday. The business has a 50-day moving average of $12.17 and a 200-day moving average of $15.32. Core Laboratories has a fifty-two week low of $9.72 and a fifty-two week high of $20.36. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.05 and a quick ratio of 1.50. The stock has a market capitalization of $454.78 million, a price-to-earnings ratio of 15.18, a PEG ratio of 2.58 and a beta of 1.00.

Core Laboratories (NYSE:CLBGet Free Report) last released its quarterly earnings data on Wednesday, July 29th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. Core Laboratories had a return on equity of 11.52% and a net margin of 5.94%.The business’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.19 earnings per share. Core Laboratories has set its Q3 2026 guidance at 0.120-0.200 EPS. As a group, sell-side analysts predict that Core Laboratories will post 0.53 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Disciplined Growth Investors Inc. MN lifted its holdings in Core Laboratories by 9.7% in the third quarter. Disciplined Growth Investors Inc. MN now owns 5,969,860 shares of the oil and gas company’s stock worth $73,787,000 after buying an additional 528,976 shares during the period. Vanguard Group Inc. raised its position in shares of Core Laboratories by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 3,079,882 shares of the oil and gas company’s stock worth $49,371,000 after acquiring an additional 32,492 shares in the last quarter. State Street Corp lifted its stake in shares of Core Laboratories by 3.3% in the 4th quarter. State Street Corp now owns 2,041,740 shares of the oil and gas company’s stock valued at $32,729,000 after purchasing an additional 64,831 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Core Laboratories by 10.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,352,329 shares of the oil and gas company’s stock valued at $22,705,000 after purchasing an additional 122,718 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Core Laboratories by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 1,114,935 shares of the oil and gas company’s stock valued at $17,876,000 after purchasing an additional 8,497 shares in the last quarter. 97.81% of the stock is currently owned by institutional investors.

About Core Laboratories

(Get Free Report)

Core Laboratories N.V. is a global provider of proprietary and patented reservoir description and production enhancement services to the oil and gas industry. The company applies specialized expertise in core and fluid analysis, advanced petrophysical interpretation, and reservoir engineering to optimize hydrocarbon recovery. By integrating laboratory testing with field services and digital analytics, Core Laboratories delivers insights that help operators maximize production and extend the life of their assets.

The company’s portfolio spans two primary service lines: reservoir description and production enhancement.

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Dividend History for Core Laboratories (NYSE:CLB)

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