JPMorgan Chase & Co. Has $515,000 Stake in Civeo Co. (NYSE:CVEO)

JPMorgan Chase & Co. lowered its position in shares of Civeo Co. (NYSE:CVEO - Free Report) by 36.1% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,813 shares of the business services provider's stock after selling 10,629 shares during the quarter. JPMorgan Chase & Co. owned 0.14% of Civeo worth $515,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Meros Investment Management LP acquired a new position in Civeo during the third quarter worth $2,332,000. XTX Topco Ltd acquired a new position in Civeo in the 3rd quarter valued at $231,000. State Street Corp acquired a new stake in Civeo in the 3rd quarter worth about $222,000. Quantbot Technologies LP purchased a new stake in Civeo in the third quarter valued at approximately $68,000. Finally, FMR LLC grew its stake in shares of Civeo by 3.4% during the 3rd quarter. FMR LLC now owns 1,524,352 shares of the business services provider's stock valued at $41,767,000 after buying an additional 50,400 shares during the period. Institutional investors and hedge funds own 81.44% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Civeo from a "strong-buy" rating to a "buy" rating in a research note on Sunday, December 29th.

Civeo Stock Up 0.0 %

Shares of NYSE CVEO traded up $0.01 during midday trading on Friday, reaching $23.56. 890,889 shares of the company's stock were exchanged, compared to its average volume of 44,060. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. Civeo Co. has a 52-week low of $21.15 and a 52-week high of $28.92. The business's fifty day moving average price is $23.17 and its two-hundred day moving average price is $25.56. The stock has a market capitalization of $324.37 million, a PE ratio of 16.83 and a beta of 1.99.

Civeo (NYSE:CVEO - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.36) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.38). Civeo had a return on equity of 0.11% and a net margin of 3.00%. The company had revenue of $176.34 million for the quarter, compared to analyst estimates of $172.59 million. During the same period in the prior year, the business earned $0.61 earnings per share. Analysts forecast that Civeo Co. will post -0.58 EPS for the current year.

Civeo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, February 24th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Monday, February 24th. Civeo's dividend payout ratio is presently 71.43%.

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.