Civeo Co. (NYSE:CVEO) SVP Peter Mccann Sells 5,220 Shares

Civeo Co. (NYSE:CVEO) SVP Peter Mccann sold 5,220 shares of the firm’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $23.75, for a total transaction of $123,975.00. Following the completion of the sale, the senior vice president now owns 45,395 shares in the company, valued at approximately $1,078,131.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Civeo Price Performance

Shares of CVEO stock traded up $1.07 on Wednesday, hitting $24.29. 30,205 shares of the stock traded hands, compared to its average volume of 60,246. The firm has a market cap of $355.12 million, a price-to-earnings ratio of 11.31 and a beta of 2.17. Civeo Co. has a 52 week low of $17.98 and a 52 week high of $28.00. The firm has a 50 day simple moving average of $25.14 and a two-hundred day simple moving average of $23.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.82 and a quick ratio of 1.74.

Civeo (NYSE:CVEO) last announced its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.27) by $0.33. The firm had revenue of $170.80 million for the quarter, compared to the consensus estimate of $151.12 million. Civeo had a net margin of 4.49% and a return on equity of 3.53%. As a group, equities research analysts predict that Civeo Co. will post 0.14 earnings per share for the current fiscal year.

Civeo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Monday, May 27th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 4.12%. Civeo’s dividend payout ratio is currently 47.39%.

Institutional Trading of Civeo

A number of institutional investors and hedge funds have recently bought and sold shares of CVEO. Quadrature Capital Ltd bought a new stake in shares of Civeo in the 4th quarter worth about $529,000. Wellington Management Group LLP increased its holdings in shares of Civeo by 0.9% in the 4th quarter. Wellington Management Group LLP now owns 450,100 shares of the business services provider’s stock worth $10,285,000 after buying an additional 4,100 shares during the last quarter. TCW Group Inc. increased its holdings in shares of Civeo by 3.1% in the 4th quarter. TCW Group Inc. now owns 744,535 shares of the business services provider’s stock worth $17,013,000 after buying an additional 22,639 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Civeo in the 4th quarter worth about $698,000. Finally, Hillsdale Investment Management Inc. bought a new stake in shares of Civeo in the 4th quarter worth about $146,000. 81.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Civeo from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday. StockNews.com cut shares of Civeo from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

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.