Peter Mccann Sells 11,727 Shares of Civeo Co. (CVEO) Stock
Civeo Co. (NYSE:CVEO) insider Peter Mccann sold 11,727 shares of the stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $3.29, for a total transaction of $38,581.83. Following the completion of the sale, the insider now directly owns 104,206 shares in the company, valued at approximately $342,837.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Peter Mccann also recently made the following trade(s):
- On Sunday, February 11th, Peter Mccann sold 16,506 shares of Civeo stock. The stock was sold at an average price of $3.18, for a total transaction of $52,489.08.
Civeo Co. (NYSE CVEO) traded up $0.18 during mid-day trading on Thursday, hitting $3.47. 804,039 shares of the company were exchanged, compared to its average volume of 970,183. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.02 and a current ratio of 2.09. Civeo Co. has a 1-year low of $1.57 and a 1-year high of $3.81. The firm has a market cap of $441.73, a PE ratio of -5.92 and a beta of 4.91.
CVEO has been the topic of a number of analyst reports. BidaskClub cut shares of Civeo from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Royal Bank of Canada set a $3.00 price objective on shares of Civeo and gave the stock a “hold” rating in a report on Thursday, December 21st. Finally, ValuEngine raised shares of Civeo from a “sell” rating to a “hold” rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Civeo presently has a consensus rating of “Buy” and a consensus price target of $4.17.
A number of institutional investors have recently added to or reduced their stakes in CVEO. Wells Fargo & Company MN increased its stake in Civeo by 116.7% during the 2nd quarter. Wells Fargo & Company MN now owns 90,124 shares of the business services provider’s stock valued at $189,000 after buying an additional 48,529 shares during the period. Parametric Portfolio Associates LLC increased its stake in Civeo by 15.2% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 263,312 shares of the business services provider’s stock valued at $553,000 after buying an additional 34,819 shares during the period. Dimensional Fund Advisors LP increased its stake in Civeo by 37.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,235,066 shares of the business services provider’s stock valued at $4,694,000 after buying an additional 604,605 shares during the period. Goldman Sachs Group Inc. increased its stake in Civeo by 36.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 195,752 shares of the business services provider’s stock valued at $411,000 after buying an additional 52,742 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in Civeo by 18.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 257,595 shares of the business services provider’s stock valued at $734,000 after buying an additional 40,215 shares during the period. 80.55% of the stock is currently owned by hedge funds and other institutional investors.
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Civeo Company Profile
Civeo Corporation is an integrated provider of long-term and temporary remote site accommodations, logistics and facility management services to the natural resource industry. The Company operates in active oil, coal, natural gas and iron ore producing regions, including Canada, Australia and the United States.
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