Civeo Co. (NYSE:CVEO) Position Increased by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Civeo Co. (NYSE:CVEO - Free Report) by 25.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,415 shares of the business services provider's stock after acquiring an additional 14,583 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.53% of Civeo worth $1,645,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CVEO. Quantbot Technologies LP acquired a new stake in shares of Civeo in the third quarter valued at approximately $68,000. SG Americas Securities LLC increased its stake in shares of Civeo by 42.4% in the fourth quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock valued at $149,000 after purchasing an additional 1,950 shares during the period. State Street Corp acquired a new stake in shares of Civeo in the third quarter valued at approximately $222,000. XTX Topco Ltd acquired a new stake in shares of Civeo in the third quarter valued at approximately $231,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Civeo in the fourth quarter valued at approximately $878,000. Institutional investors and hedge funds own 81.44% of the company's stock.

Civeo Price Performance

Shares of Civeo stock traded down $0.29 on Friday, hitting $21.31. The company had a trading volume of 159,284 shares, compared to its average volume of 64,363. The business has a 50-day simple moving average of $23.55 and a 200-day simple moving average of $24.75. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.36 and a quick ratio of 1.28. The company has a market cap of $291.02 million, a PE ratio of 15.22 and a beta of 2.03. Civeo Co. has a 52 week low of $20.26 and a 52 week high of $28.92.

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Civeo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend was Monday, February 24th. Civeo's dividend payout ratio (DPR) is presently -80.00%.

Analyst Ratings Changes

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

Civeo Profile

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.