Bank of America Corp DE Has $6.03 Million Position in USA Compression Partners LP (NYSE:USAC)

Bank of America Corp DE lessened its position in USA Compression Partners LP (NYSE:USAC - Free Report) by 13.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 256,090 shares of the oil and gas company's stock after selling 38,437 shares during the period. Bank of America Corp DE owned about 0.22% of USA Compression Partners worth $6,033,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Jane Street Group LLC lifted its position in USA Compression Partners by 236.0% during the 4th quarter. Jane Street Group LLC now owns 130,270 shares of the oil and gas company's stock worth $3,069,000 after buying an additional 91,499 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in USA Compression Partners during the 4th quarter worth about $919,000. Stifel Financial Corp lifted its position 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 buying an additional 1,905 shares in the last quarter. Tradition Wealth Management LLC acquired a new position in USA Compression Partners during the 4th quarter worth about $207,000. Finally, Transce3nd LLC acquired a new position in USA Compression Partners during the 4th quarter worth about $1,036,000. Institutional investors and hedge funds own 47.77% of the company's stock.

Insiders Place Their Bets

In related news, Director Bradford D. Whitehurst purchased 10,000 shares of the 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 purchase, 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 purchase was disclosed in a document filed with the SEC, which is available at this link.

USA Compression Partners Stock Performance

NYSE:USAC traded down $0.40 on Thursday, hitting $25.36. 209,417 shares of the stock were exchanged, compared to its average volume of 338,859. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of 34.74 and a beta of 0.53. USA Compression Partners LP has a 52 week low of $21.06 and a 52 week high of $30.10. The company's 50-day moving average price is $24.88 and its 200 day moving average price is $25.02.

USA Compression Partners (NYSE:USAC - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.04). The firm had revenue of $245.23 million for the quarter, compared to the consensus estimate of $244.79 million. USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. As a group, equities research analysts predict 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. Shareholders of record on Monday, April 28th were issued a dividend of $0.525 per share. 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 8.28%. The ex-dividend date was Monday, April 28th. USA Compression Partners's payout ratio is currently 308.82%.

Analysts Set New Price Targets

Several research analysts recently issued reports on USAC shares. Mizuho upped their price target on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. upped their price target on shares of USA Compression Partners from $23.00 to $24.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 11th. Finally, Citigroup upped their price target on shares of USA Compression Partners from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, USA Compression Partners currently has a consensus rating of "Hold" and a consensus target price 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.