OFI Invest Asset Management Takes $878,000 Position in Civeo Co. (NYSE:CVEO)

OFI Invest Asset Management purchased a new stake in Civeo Co. (NYSE:CVEO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 40,000 shares of the business services provider's stock, valued at approximately $878,000. OFI Invest Asset Management owned about 0.29% of Civeo as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CVEO. Quantbot Technologies LP bought a new position in shares of Civeo in the 3rd quarter valued at $68,000. SG Americas Securities LLC grew its position in Civeo by 42.4% during the 4th quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider's stock worth $149,000 after acquiring an additional 1,950 shares during the last quarter. State Street Corp bought a new stake in Civeo during the 3rd quarter worth $222,000. XTX Topco Ltd bought a new stake in Civeo during the 3rd quarter worth $231,000. Finally, Raymond James Financial Inc. bought a new stake in Civeo during the 4th quarter worth $1,452,000. Institutional investors own 81.44% of the company's stock.

Analyst Upgrades and Downgrades

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

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Civeo Price Performance

CVEO stock traded down $0.84 during midday trading on Thursday, reaching $20.47. 86,395 shares of the stock were exchanged, compared to its average volume of 117,881. The stock has a market capitalization of $279.51 million, a PE ratio of 14.62 and a beta of 2.03. Civeo Co. has a 52 week low of $20.40 and a 52 week high of $28.92. 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 fifty day moving average price of $23.80 and a 200 day moving average price of $25.08.

Civeo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend is Monday, February 24th. Civeo's payout ratio is presently -80.00%.

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.