TCW Group Inc. Acquires 31,157 Shares of Civeo Co. (NYSE:CVEO)

TCW Group Inc. grew its holdings in Civeo Co. (NYSE:CVEO) by 4.2% in the 4th quarter, HoldingsChannel reports. The firm owned 780,217 shares of the business services provider’s stock after buying an additional 31,157 shares during the quarter. TCW Group Inc. owned about 0.06% of Civeo worth $17,727,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of CVEO. Quantbot Technologies LP bought a new stake in shares of Civeo in the 3rd quarter valued at about $68,000. SG Americas Securities LLC raised its stake in shares of 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 acquiring an additional 1,950 shares in the last quarter. State Street Corp bought a new position in shares of Civeo during the 3rd quarter worth approximately $222,000. XTX Topco Ltd bought a new position in shares of Civeo during the 3rd quarter worth approximately $231,000. Finally, Empowered Funds LLC raised its stake in shares of Civeo by 5.1% during the 4th quarter. Empowered Funds LLC now owns 100,748 shares of the business services provider’s stock worth $2,289,000 after acquiring an additional 4,885 shares in the last quarter. Institutional investors own 81.44% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Civeo Stock Up 1.5 %

NYSE:CVEO opened at $27.37 on Friday. The company has a market cap of $376.82 million, a PE ratio of 19.55 and a beta of 2.00. Civeo Co. has a twelve month low of $21.15 and a twelve month high of $28.92. The company has a current ratio of 1.36, a quick ratio of 1.28 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $23.61 and its two-hundred day moving average is $25.47.

Civeo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, February 24th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend is Monday, February 24th. Civeo’s dividend payout ratio is presently 71.43%.

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.