LPL Financial LLC Boosts Position in Civeo Co. (NYSE:CVEO)

LPL Financial LLC lifted its position in Civeo Co. (NYSE:CVEO) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,687 shares of the business services provider’s stock after buying an additional 2,575 shares during the quarter. LPL Financial LLC owned approximately 0.19% of Civeo worth $584,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SG Americas Securities LLC lifted its stake in Civeo by 42.4% in the 4th quarter. SG Americas Securities LLC now owns 6,552 shares of the business services provider’s stock worth $149,000 after purchasing an additional 1,950 shares in the last quarter. State Street Corp bought a new position in shares of Civeo in the third quarter worth $222,000. OFI Invest Asset Management purchased a new stake in shares of Civeo in the fourth quarter worth $878,000. Raymond James Financial Inc. bought a new stake in Civeo during the fourth quarter valued at $1,452,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Civeo by 25.2% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 72,415 shares of the business services provider’s stock worth $1,645,000 after buying an additional 14,583 shares in the last quarter. 81.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on CVEO. Stifel Nicolaus lowered their price target on Civeo from $30.00 to $28.00 and set a “buy” rating on the stock in a report on Tuesday, April 15th. StockNews.com downgraded shares of Civeo from a “buy” rating to a “hold” rating in a research note on Monday, March 31st.

Civeo Stock Down 0.4 %

Shares of NYSE:CVEO opened at $19.54 on Thursday. The firm has a market capitalization of $264.75 million, a PE ratio of 13.96 and a beta of 1.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. Civeo Co. has a 52-week low of $18.99 and a 52-week high of $28.92. The firm has a fifty day moving average of $22.06 and a 200 day moving average of $23.63.

Civeo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, February 24th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $1.00 annualized dividend and a dividend yield of 5.12%. Civeo’s dividend payout ratio (DPR) is presently -80.00%.

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.