Blackstone Inc. Has $24.18 Million Position in USA Compression Partners LP (NYSE:USAC)

Blackstone Inc. cut its holdings in USA Compression Partners LP (NYSE:USAC - Free Report) by 3.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,026,106 shares of the oil and gas company's stock after selling 35,685 shares during the quarter. Blackstone Inc. owned about 0.88% of USA Compression Partners worth $24,175,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of USAC. Brown Brothers Harriman & Co. bought a new stake in shares of USA Compression Partners in the fourth quarter valued at about $95,000. Broadway Wealth Solutions Inc. acquired a new stake in USA Compression Partners in the 4th quarter valued at approximately $201,000. TSA Wealth Managment LLC bought a new stake in USA Compression Partners in the 4th quarter valued at approximately $205,000. SVB Wealth LLC acquired a new position in USA Compression Partners during the 4th quarter worth approximately $207,000. Finally, Tradition Wealth Management LLC bought a new position in shares of USA Compression Partners during the 4th quarter worth approximately $207,000. 47.77% of the stock is owned by institutional investors.

USA Compression Partners Stock Down 2.9 %

Shares of NYSE USAC opened at $24.23 on Tuesday. USA Compression Partners LP has a twelve month low of $21.06 and a twelve month high of $30.10. The company has a market cap of $2.85 billion, a PE ratio of 33.19 and a beta of 0.53. The business's 50 day moving average price is $25.48 and its two-hundred day moving average price is $24.79.

USA Compression Partners (NYSE:USAC - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.24 by ($0.06). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. As a group, research analysts anticipate that USA Compression Partners LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Monday, April 28th will be issued a $0.525 dividend. This is a boost from USA Compression Partners's previous quarterly dividend of $0.51. This represents a $2.10 annualized dividend and a yield of 8.67%. The ex-dividend date of this dividend is Monday, April 28th. USA Compression Partners's dividend payout ratio is currently 287.67%.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of USA Compression Partners from $23.00 to $24.00 and gave the stock an "underweight" rating in a report on Tuesday, March 11th. Mizuho increased their price objective on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Citigroup lifted their target price on USA Compression Partners from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $26.00.

USA Compression Partners Company Profile

USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.

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