Civeo Co. (NYSE:CVEO) Shares Acquired by Fmr LLC

FMR LLC grew its stake in shares of Civeo Co. (NYSE:CVEO - Free Report) by 3.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,524,352 shares of the business services provider's stock after acquiring an additional 50,400 shares during the quarter. FMR LLC owned about 11.07% of Civeo worth $41,767,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. OFI Invest Asset Management acquired a new position in shares of Civeo during the second quarter valued at about $930,000. Royce & Associates LP boosted its position in Civeo by 19.0% in the third quarter. Royce & Associates LP now owns 93,931 shares of the business services provider's stock valued at $2,574,000 after buying an additional 15,002 shares during the last quarter. American Century Companies Inc. boosted its position in Civeo by 22.4% in the second quarter. American Century Companies Inc. now owns 254,998 shares of the business services provider's stock valued at $6,355,000 after buying an additional 46,633 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Civeo in the second quarter valued at approximately $128,000. Finally, Quent Capital LLC purchased a new stake in Civeo in the third quarter valued at approximately $100,000. Institutional investors and hedge funds own 81.44% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Civeo from a "buy" rating to a "strong-buy" rating in a research report on Friday, November 29th.

Civeo Stock Performance

Civeo stock traded down $0.15 during mid-day trading on Friday, hitting $22.73. The company had a trading volume of 85,178 shares, compared to its average volume of 58,670. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. Civeo Co. has a 12-month low of $21.44 and a 12-month high of $28.92. The company's fifty day moving average is $25.89 and its 200-day moving average is $25.78. The company has a market capitalization of $313.06 million, a price-to-earnings ratio of 16.24 and a beta of 2.03.

Civeo (NYSE:CVEO - Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.36) EPS 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 during the quarter, compared to analysts' expectations of $172.59 million. During the same quarter in the prior year, the company posted $0.61 EPS. Equities research analysts predict that Civeo Co. will post -0.58 EPS for the current year.

Civeo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, November 25th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.40%. Civeo's dividend payout ratio (DPR) is 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.