Renaissance Technologies LLC Increases Stock Holdings in Civeo Co. (NYSE:CVEO)

Renaissance Technologies LLC lifted its holdings in shares of Civeo Co. (NYSE:CVEO - Free Report) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 659,648 shares of the business services provider's stock after purchasing an additional 20,200 shares during the quarter. Renaissance Technologies LLC owned 4.79% of Civeo worth $14,987,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CVEO. SG Americas Securities LLC increased its holdings in shares of 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 buying an additional 1,950 shares during the last quarter. State Street Corp purchased a new position in Civeo in the third quarter worth $222,000. XTX Topco Ltd purchased a new position in Civeo in the third quarter worth $231,000. JPMorgan Chase & Co. raised its position in Civeo by 4.8% during the fourth quarter. JPMorgan Chase & Co. now owns 19,707 shares of the business services provider's stock valued at $448,000 after purchasing an additional 894 shares in the last quarter. Finally, LPL Financial LLC raised its position in Civeo by 11.1% during the fourth quarter. LPL Financial LLC now owns 25,687 shares of the business services provider's stock valued at $584,000 after purchasing an additional 2,575 shares in the last quarter. 81.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CVEO shares. StockNews.com lowered Civeo from a "buy" rating to a "hold" rating in a research report on Monday, March 31st. Stifel Nicolaus cut their target price on Civeo from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th.

Civeo Trading Up 1.2 %

NYSE:CVEO traded up $0.24 during trading hours on Friday, reaching $19.65. The company's stock had a trading volume of 51,461 shares, compared to its average volume of 66,702. Civeo Co. has a 1 year low of $18.99 and a 1 year high of $28.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.28 and a current ratio of 1.36. The firm has a 50-day simple moving average of $22.38 and a 200-day simple moving average of $23.75. The firm has a market capitalization of $266.24 million, a price-to-earnings ratio of 14.04 and a beta of 1.54.

Civeo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were issued a dividend of $0.25 per share. The ex-dividend date was Monday, February 24th. This represents a $1.00 dividend on an annualized basis and a yield of 5.09%. Civeo's dividend payout ratio is currently -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.