USA Compression Partners LP (NYSE:USAC) Shares Sold by Blackstone Inc.

Blackstone Inc. decreased its holdings in USA Compression Partners LP (NYSE:USAC - Free Report) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,026,106 shares of the oil and gas company's stock after selling 35,685 shares during the period. Blackstone Inc. owned approximately 0.88% of USA Compression Partners worth $24,175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. World Investment Advisors LLC increased its position in shares of USA Compression Partners by 9.0% in the 3rd quarter. World Investment Advisors LLC now owns 11,720 shares of the oil and gas company's stock valued at $269,000 after purchasing an additional 970 shares during the last quarter. Chicago Partners Investment Group LLC increased its stake in USA Compression Partners by 1.6% in the fourth quarter. Chicago Partners Investment Group LLC now owns 77,002 shares of the oil and gas company's stock valued at $1,831,000 after purchasing an additional 1,232 shares during the last quarter. WMG Financial Advisors LLC lifted its position in shares of USA Compression Partners by 5.6% during the 4th quarter. WMG Financial Advisors LLC now owns 23,374 shares of the oil and gas company's stock worth $551,000 after buying an additional 1,250 shares during the last quarter. Hodges Capital Management Inc. grew its position in shares of USA Compression Partners by 7.5% in the 4th quarter. Hodges Capital Management Inc. now owns 26,121 shares of the oil and gas company's stock valued at $615,000 after buying an additional 1,815 shares during the last quarter. Finally, Stifel Financial Corp raised its stake in USA Compression Partners by 20.8% during the 4th quarter. Stifel Financial Corp now owns 11,080 shares of the oil and gas company's stock worth $261,000 after acquiring an additional 1,905 shares in the last quarter. 47.77% of the stock is currently owned by institutional investors and hedge funds.

USA Compression Partners Stock Up 2.8 %

NYSE USAC traded up $0.67 during trading hours on Friday, hitting $24.22. 484,803 shares of the stock were exchanged, compared to its average volume of 347,729. USA Compression Partners LP has a 12-month low of $21.06 and a 12-month high of $30.10. The stock has a 50-day moving average of $25.23 and a 200 day moving average of $24.81. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 33.18 and a beta of 0.53.

USA Compression Partners (NYSE:USAC - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.04). The business had revenue of $245.23 million during the quarter, compared to analysts' expectations of $244.79 million. USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. On average, equities research analysts expect that USA Compression Partners LP will post 1.05 earnings per share for the current year.

USA Compression Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Monday, April 28th were issued a dividend of $0.525 per share. The ex-dividend date was Monday, April 28th. 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%. USA Compression Partners's payout ratio is currently 308.82%.

Insider Buying and Selling at USA Compression Partners

In related news, Director Bradford D. Whitehurst purchased 10,000 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was bought at an average cost of $23.50 per share, with a total value of $235,000.00. Following the completion of the acquisition, the director now directly owns 23,616 shares in the company, valued at $554,976. The trade was a 73.44 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analyst Weigh In

USAC has been the topic of a number of research analyst reports. Mizuho lifted their target price on USA Compression Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. Citigroup lifted their target price on shares of USA Compression Partners from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of USA Compression Partners from $23.00 to $24.00 and gave the company an "underweight" rating in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $26.00.

About USA Compression Partners

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.