Civeo Co. (NYSE:CVEO) Shares Acquired by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its position in Civeo Co. (NYSE:CVEO) by 12.6% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 59,940 shares of the business services provider’s stock after acquiring an additional 6,723 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Civeo were worth $1,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CVEO. FMR LLC boosted its holdings in Civeo by 3.4% in the third quarter. FMR LLC now owns 1,524,352 shares of the business services provider’s stock valued at $41,767,000 after purchasing an additional 50,400 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Civeo during the 3rd quarter valued at approximately $68,000. State Street Corp purchased a new position in shares of Civeo during the 3rd quarter valued at approximately $222,000. XTX Topco Ltd acquired a new stake in shares of Civeo during the third quarter worth approximately $231,000. Finally, Meros Investment Management LP acquired a new stake in Civeo in the third quarter valued at $2,332,000. 81.44% of the stock is owned by hedge funds and other institutional investors.

Civeo Trading Down 6.4 %

Shares of NYSE CVEO opened at $21.76 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. The stock’s 50 day moving average price is $23.29 and its two-hundred day moving average price is $24.41. Civeo Co. has a 52-week low of $20.26 and a 52-week high of $28.92. The stock has a market capitalization of $297.11 million, a P/E ratio of 15.54 and a beta of 2.03.

Civeo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, February 24th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.60%. The ex-dividend date was Monday, February 24th. Civeo’s dividend payout ratio (DPR) is presently -80.00%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Civeo from a “buy” rating to a “hold” rating in a report on Monday, March 31st.

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.