Civeo Co. (NYSE:CVEO) Stock Holdings Lessened by Wellington Management Group LLP

Wellington Management Group LLP reduced its position in Civeo Co. (NYSE:CVEO - Free Report) by 30.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,423 shares of the business services provider's stock after selling 104,863 shares during the quarter. Wellington Management Group LLP owned about 1.72% of Civeo worth $5,394,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CVEO. TCW Group Inc. increased its holdings in shares of Civeo by 4.2% in the fourth quarter. TCW Group Inc. now owns 780,217 shares of the business services provider's stock valued at $17,727,000 after purchasing an additional 31,157 shares during the period. American Century Companies Inc. boosted its position in Civeo by 15.9% during the fourth quarter. American Century Companies Inc. now owns 398,013 shares of the business services provider's stock worth $9,043,000 after purchasing an additional 54,532 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Civeo by 63.5% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 170,118 shares of the business services provider's stock valued at $3,865,000 after buying an additional 66,097 shares in the last quarter. Boston Partners boosted its position in shares of Civeo by 22.6% in the 4th quarter. Boston Partners now owns 139,434 shares of the business services provider's stock worth $3,168,000 after buying an additional 25,726 shares in the last quarter. Finally, Empowered Funds LLC grew its stake in Civeo by 5.1% in the 4th quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider's stock valued at $2,289,000 after acquiring an additional 4,885 shares during the last quarter. 81.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Stifel Nicolaus lowered their price target on shares of Civeo from $30.00 to $28.00 and set a "buy" rating on the stock in a research report on Tuesday. StockNews.com lowered Civeo from a "buy" rating to a "hold" rating in a research note on Monday, March 31st.

Civeo Stock Down 0.5 %

CVEO traded down $0.10 during trading hours on Wednesday, reaching $19.63. 6,764 shares of the stock traded hands, compared to its average volume of 66,087. Civeo Co. has a fifty-two week low of $18.00 and a fifty-two week high of $28.92. The company has a market cap of $268.03 million, a price-to-earnings ratio of 14.03 and a beta of 1.54. 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 firm's fifty day simple moving average is $22.67 and its two-hundred day simple moving average is $23.93.

Civeo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 annualized dividend and a yield of 5.09%. Civeo's dividend 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.