Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. CKX Lands's shares outstanding for the quarter that ended in Dec. 2023 was 1.99 Mil.
CKX Lands's quarterly shares outstanding
increased
from Sep. 2023 (1.97 Mil) to Dec. 2023 (1.99 Mil).
It means CKX Lands issued new shares from Sep. 2023 to Dec. 2023 .
CKX Lands's annual shares outstanding
increased
from Dec. 2022 (1.97 Mil) to Dec. 2023 (1.99 Mil).
It means CKX Lands issued new shares from Dec. 2022 to Dec. 2023 .
CKX Lands Shares Outstanding (EOP) Historical Data
The historical data trend for CKX Lands's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of CKX Lands's Shares Outstanding (EOP)
For the Oil & Gas E&P subindustry, CKX Lands's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CKX Lands's Shares Outstanding (EOP) Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, CKX Lands's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where CKX Lands's Shares Outstanding (EOP) falls into.
CKX Lands Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
CKX Lands Shares Outstanding (EOP) Related Terms
Thank you for viewing the detailed overview of CKX Lands's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
CKX Lands Inc is a Louisiana corporation organized to receive non-producing mineral royalties spun off by a southwest Louisiana bank. It operates in three segments: Oil and Gas, Surface, and Timber. The company owns land and mineral interests and collects income through its ownership in the form of oil and gas royalties, surface leases for farming, the right of way and other uses, and timber sales. The company's oil and gas royalties are paid by the operators who own the wells and timber income is paid by the highest bidder for the timber.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
CKX has been successfully added to your 