Shares of Civeo Co. (NYSE:CVEO - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $25.24 and traded as low as $20.93. Civeo shares last traded at $21.67, with a volume of 93,179 shares traded.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered Civeo from a "strong-buy" rating to a "buy" rating in a research note on Sunday, December 29th.
Read Our Latest Research Report on Civeo
Civeo Stock Performance
The firm has a market cap of $302.71 million, a PE ratio of 15.84 and a beta of 2.03. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. The business has a 50 day simple moving average of $23.86 and a two-hundred day simple moving average of $25.19.
Civeo Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.25 per share. The ex-dividend date is Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 4.51%. Civeo's dividend payout ratio is currently -80.00%.
Hedge Funds Weigh In On Civeo
Several institutional investors have recently made changes to their positions in the company. FMR LLC increased its stake in shares of Civeo by 3.4% during the third 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. TCW Group Inc. increased its stake in shares of Civeo by 4.2% during the fourth quarter. TCW Group Inc. now owns 780,217 shares of the business services provider's stock valued at $17,727,000 after buying an additional 31,157 shares during the period. Renaissance Technologies LLC increased its stake in shares of Civeo by 3.2% during the fourth quarter. Renaissance Technologies LLC now owns 659,648 shares of the business services provider's stock valued at $14,987,000 after buying an additional 20,200 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Civeo by 7.4% during the fourth quarter. Dimensional Fund Advisors LP now owns 517,457 shares of the business services provider's stock valued at $11,756,000 after buying an additional 35,648 shares during the period. Finally, American Century Companies Inc. increased its stake in shares of Civeo by 15.9% during the fourth quarter. American Century Companies Inc. now owns 398,013 shares of the business services provider's stock valued at $9,043,000 after buying an additional 54,532 shares during the period. Hedge funds and other institutional investors own 81.44% of the company's stock.
About Civeo
(
Get Free Report)
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.
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