XTX Topco Ltd Takes Position in Civeo Co. (NYSE:CVEO)

XTX Topco Ltd acquired a new position in Civeo Co. (NYSE:CVEO) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,432 shares of the business services provider’s stock, valued at approximately $231,000. XTX Topco Ltd owned 0.06% of Civeo as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CVEO. SG Americas Securities LLC acquired a new stake in shares of Civeo during the second quarter valued at about $128,000. Raymond James & Associates raised its position in Civeo by 0.8% in the second quarter. Raymond James & Associates now owns 67,555 shares of the business services provider’s stock valued at $1,683,000 after purchasing an additional 561 shares during the period. Acadian Asset Management LLC lifted its stake in Civeo by 58.1% during the second quarter. Acadian Asset Management LLC now owns 226,334 shares of the business services provider’s stock worth $5,634,000 after purchasing an additional 83,145 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Civeo by 22.4% during the second quarter. American Century Companies Inc. now owns 254,998 shares of the business services provider’s stock worth $6,355,000 after buying an additional 46,633 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Civeo by 10.0% in the second quarter. Dimensional Fund Advisors LP now owns 439,427 shares of the business services provider’s stock valued at $10,950,000 after buying an additional 39,987 shares in the last quarter. Institutional investors and hedge funds own 81.44% of the company’s stock.

Civeo Trading Down 1.9 %

Shares of CVEO stock opened at $21.43 on Friday. The stock has a market capitalization of $295.16 million, a P/E ratio of 15.31 and a beta of 2.03. Civeo Co. has a fifty-two week low of $21.41 and a fifty-two week 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 company has a 50 day moving average price of $25.05 and a 200 day moving average price of $25.69.

Civeo (NYSE:CVEO) last posted its quarterly earnings data on Wednesday, October 30th. The business services provider reported ($0.36) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.38). The company had revenue of $176.34 million for the quarter, compared to analysts’ expectations of $172.59 million. Civeo had a return on equity of 0.11% and a net margin of 3.00%. During the same period in the prior year, the company posted $0.61 EPS. Equities research analysts predict that Civeo Co. will post -0.58 EPS for the current fiscal year.

Civeo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, November 25th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.67%. The ex-dividend date of this dividend was Monday, November 25th. Civeo’s payout ratio is presently 71.43%.

Analyst Ratings Changes

Separately, StockNews.com lowered Civeo from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th.

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.