47,665 Shares in Archrock, Inc. $AROC Bought by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP bought 47,665 Archrock shares during the second quarter, valued at approximately $1.94 million. Institutional investors and hedge funds now own 95.45% of the company.
• Archrock reported quarterly EPS of $0.38, below the $0.45 consensus estimate, while revenue fell 3.1% year over year to $371.24 million. Analysts expect full-year EPS of approximately $1.73.
• The company increased its quarterly dividend to $0.23 per share, or $0.92 annually, representing a 2.8% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $42.29.

Corient Private Wealth LP purchased a new stake in Archrock, Inc. (NYSE:AROC - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 47,665 shares of the energy company's stock, valued at approximately $1,940,000.

Other large investors also recently bought and sold shares of the company. Nations Financial Group Inc. IA ADV increased its position in shares of Archrock by 1.7% during the first quarter. Nations Financial Group Inc. IA ADV now owns 18,744 shares of the energy company's stock worth $652,000 after purchasing an additional 311 shares in the last quarter. Financial Security Advisor Inc. lifted its holdings in shares of Archrock by 3.0% in the 4th quarter. Financial Security Advisor Inc. now owns 12,000 shares of the energy company's stock valued at $312,000 after purchasing an additional 344 shares during the last quarter. Crossmark Global Holdings Inc. boosted its position in shares of Archrock by 3.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 10,290 shares of the energy company's stock valued at $268,000 after purchasing an additional 366 shares during the period. Severin Investments LLC boosted its position in shares of Archrock by 2.0% in the 4th quarter. Severin Investments LLC now owns 20,111 shares of the energy company's stock valued at $523,000 after purchasing an additional 400 shares during the period. Finally, J.W. Cole Advisors Inc. grew its stake in Archrock by 3.6% during the 4th quarter. J.W. Cole Advisors Inc. now owns 12,833 shares of the energy company's stock worth $334,000 after buying an additional 442 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Price Performance

Shares of AROC opened at $32.32 on Thursday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.94 and a current ratio of 1.39. Archrock, Inc. has a fifty-two week low of $22.88 and a fifty-two week high of $42.23. The firm has a 50-day simple moving average of $35.52 and a 200-day simple moving average of $35.80. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.53 and a beta of 0.86.

Archrock (NYSE:AROC - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.07). The company had revenue of $371.24 million during the quarter, compared to analyst estimates of $393.19 million. Archrock had a net margin of 21.84% and a return on equity of 22.22%. The business's revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 EPS. On average, equities research analysts anticipate that Archrock, Inc. will post 1.73 earnings per share for the current year.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 11th. Stockholders of record on Tuesday, August 4th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This is a positive change from Archrock's previous quarterly dividend of $0.22. This represents a $0.92 annualized dividend and a dividend yield of 2.8%. Archrock's payout ratio is presently 49.46%.

Wall Street Analyst Weigh In

Several research firms have commented on AROC. Evercore set a $40.00 price target on Archrock in a research report on Monday, August 17th. Stifel Nicolaus set a $41.00 price objective on Archrock in a report on Thursday, May 7th. Mizuho raised their target price on shares of Archrock from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 3rd. Wells Fargo & Company lowered their target price on shares of Archrock from $43.00 to $40.00 and set an "overweight" rating on the stock in a research report on Thursday, August 6th. Finally, Citigroup lifted their target price on shares of Archrock from $40.00 to $43.00 and gave the company a "buy" rating in a report on Wednesday, May 13th. Nine investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.29.

Archrock Company Profile

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock's offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company's core business activities focus on the design, manufacture, rental and sale of gas compression equipment.

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