63,917 Shares in Civeo Co. (NYSE:CVEO) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. purchased a new position in Civeo Co. (NYSE:CVEO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 63,917 shares of the business services provider's stock, valued at approximately $1,452,000. Raymond James Financial Inc. owned approximately 0.46% of Civeo at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CVEO. Quantbot Technologies LP purchased a new position in shares of Civeo in the third quarter worth approximately $68,000. SG Americas Securities LLC boosted its stake in Civeo by 42.4% in the 4th quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock worth $149,000 after purchasing an additional 1,950 shares during the period. State Street Corp purchased a new position in Civeo during the 3rd quarter worth approximately $222,000. XTX Topco Ltd purchased a new position in Civeo during the 3rd quarter worth approximately $231,000. Finally, Empowered Funds LLC raised its stake in Civeo by 5.1% during the 4th quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider's stock valued at $2,289,000 after purchasing an additional 4,885 shares during the period. Hedge funds and other institutional investors own 81.44% of the company's stock.

Civeo Stock Down 6.4 %

Shares of NYSE CVEO traded down $1.50 during mid-day trading on Friday, reaching $21.76. The company had a trading volume of 122,641 shares, compared to its average volume of 65,362. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The company has a market capitalization of $297.11 million, a price-to-earnings ratio of 15.54 and a beta of 2.03. The stock has a fifty day moving average of $23.29 and a two-hundred day moving average of $24.38. Civeo Co. has a 12-month low of $20.26 and a 12-month high of $28.92.

Civeo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were given a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 4.60%. Civeo's payout ratio is -80.00%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Civeo from a "buy" rating to a "hold" rating in a report on Monday, March 31st.

About Civeo

Civeo Corporation provides hospitality services to the natural resource industry in Canada, Australia, and the United States. The company develops lodges and villages; and mobile assets, including modular, skid-mounted accommodation, and central facilities that provide short to medium-term accommodation needs.