Insider Selling: Civeo Co. (NYSE:CVEO) SVP Sells $123,975.00 in Stock

Civeo Co. (NYSE:CVEO) SVP Peter Mccann sold 5,220 shares of Civeo 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 transaction, the senior vice president now directly owns 45,395 shares in the company, valued at approximately $1,078,131.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Civeo Trading Down 0.2 %

Shares of CVEO stock opened at $24.20 on Friday. The company has a quick ratio of 1.74, a current ratio of 1.82 and a debt-to-equity ratio of 0.26. The firm has a market cap of $353.80 million, a P/E ratio of 11.47 and a beta of 2.21. The company has a 50 day moving average of $25.21 and a 200-day moving average of $23.19. Civeo Co. has a 12-month low of $17.98 and a 12-month high of $28.00.

Civeo (NYSE:CVEO) last issued its earnings results on Thursday, February 29th. The business services provider reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.33. Civeo had a return on equity of 3.53% and a net margin of 4.49%. The firm had revenue of $170.80 million for the quarter, compared to analyst estimates of $151.12 million. Sell-side analysts anticipate that Civeo Co. will post 0.47 earnings per share for the current year.

Civeo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, May 27th will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $1.00 annualized dividend and a dividend yield of 4.13%. Civeo’s payout ratio is 47.39%.

Institutional Trading of Civeo

Several hedge funds and other institutional investors have recently modified their holdings of CVEO. Brown Advisory Inc. boosted its holdings in Civeo by 21.3% in the 3rd quarter. Brown Advisory Inc. now owns 315,719 shares of the business services provider’s stock worth $6,545,000 after buying an additional 55,534 shares during the period. Boston Partners boosted its holdings in shares of Civeo by 62.0% in the fourth quarter. Boston Partners now owns 136,247 shares of the business services provider’s stock worth $3,113,000 after acquiring an additional 52,168 shares during the period. FMR LLC grew its position in shares of Civeo by 4.5% in the third quarter. FMR LLC now owns 1,206,052 shares of the business services provider’s stock valued at $25,001,000 after purchasing an additional 51,400 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Civeo by 10.2% during the 3rd quarter. Wellington Management Group LLP now owns 446,000 shares of the business services provider’s stock valued at $9,246,000 after purchasing an additional 41,300 shares during the period. Finally, Trexquant Investment LP purchased a new stake in Civeo during the 4th quarter worth about $698,000. Institutional investors own 81.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CVEO shares. StockNews.com lowered Civeo from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Stifel Nicolaus boosted their price target on shares of Civeo from $30.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday.

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.