Raymond James & Associates Buys 561 Shares of Civeo Co. (NYSE:CVEO)

Raymond James & Associates boosted its position in Civeo Co. (NYSE:CVEO) by 0.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 67,555 shares of the business services provider’s stock after purchasing an additional 561 shares during the quarter. Raymond James & Associates owned approximately 0.46% of Civeo worth $1,683,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of CVEO. Quent Capital LLC purchased a new position in shares of Civeo in the 1st quarter worth approximately $98,000. SG Americas Securities LLC purchased a new position in Civeo in the second quarter worth $128,000. Hillsdale Investment Management Inc. acquired a new position in shares of Civeo during the fourth quarter worth $146,000. Meixler Investment Management Ltd. purchased a new stake in shares of Civeo during the 1st quarter valued at $220,000. Finally, Jump Financial LLC purchased a new stake in shares of Civeo during the 4th quarter valued at $201,000. 81.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Civeo

In related news, SVP Allan Schoening sold 5,000 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $27.50, for a total transaction of $137,500.00. Following the completion of the transaction, the senior vice president now owns 16,146 shares of the company’s stock, valued at $444,015. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Stifel Nicolaus restated a “buy” rating and set a $32.00 target price (up from $31.00) on shares of Civeo in a research note on Wednesday, July 31st. StockNews.com upgraded Civeo from a “buy” rating to a “strong-buy” rating in a research note on Thursday, June 20th.

Civeo Trading Down 2.4 %

NYSE:CVEO opened at $27.77 on Wednesday. The company has a market capitalization of $406.00 million, a P/E ratio of 13.16 and a beta of 2.07. The company has a current ratio of 1.55, a quick ratio of 1.46 and a debt-to-equity ratio of 0.16. Civeo Co. has a 12 month low of $17.98 and a 12 month high of $28.66. The firm has a fifty day simple moving average of $25.77 and a 200-day simple moving average of $25.09.

Civeo (NYSE:CVEO) last issued its quarterly earnings results on Tuesday, July 30th. The business services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.35. The company had revenue of $188.71 million during the quarter, compared to analysts’ expectations of $173.70 million. Civeo had a return on equity of 4.75% and a net margin of 4.95%. During the same quarter in the previous year, the firm posted $0.30 EPS. On average, equities research analysts anticipate that Civeo Co. will post -0.3 earnings per share for the current year.

Civeo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Monday, August 26th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Monday, August 26th. Civeo’s dividend payout ratio is presently 47.39%.

Civeo Company 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.