Janney Montgomery Scott LLC Cuts Stock Position in Civeo Co. (NYSE:CVEO)

Janney Montgomery Scott LLC lessened its position in Civeo Co. (NYSE:CVEO) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,922 shares of the business services provider’s stock after selling 720 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Civeo were worth $498,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quantbot Technologies LP acquired a new position in Civeo during the 3rd quarter worth $68,000. SG Americas Securities LLC grew its stake in Civeo by 42.4% during 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 acquired a new position in Civeo during the 3rd quarter worth $222,000. XTX Topco Ltd acquired a new position in Civeo during the 3rd quarter worth $231,000. Finally, Ritholtz Wealth Management acquired a new position in Civeo during the 3rd quarter worth $298,000. Hedge funds and other institutional investors own 81.44% of the company’s stock.

Civeo Stock Up 2.3 %

Shares of NYSE CVEO opened at $23.61 on Monday. The stock has a market cap of $325.07 million, a PE ratio of 16.86 and a beta of 2.00. The company has a quick ratio of 1.28, a current ratio of 1.36 and a debt-to-equity ratio of 0.18. Civeo Co. has a 52-week low of $21.15 and a 52-week high of $28.92. The business has a 50-day moving average price of $23.15 and a 200 day moving average price of $25.51.

Civeo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.24%. The ex-dividend date of this dividend is Monday, February 24th. Civeo’s dividend payout ratio is presently 71.43%.

Analysts Set New Price Targets

Separately, StockNews.com cut Civeo from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 29th.

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.