Chicago Partners Investment Group LLC Decreases Holdings in USA Compression Partners, LP $USAC

Key Points

• Chicago Partners Investment Group LLC has reduced its holdings in USA Compression Partners, LP by 13.8%, bringing their total shares owned to 67,222 after selling 10,735 shares in the second quarter.
• USA Compression Partners announced a quarterly dividend of $0.525 per share, with a significant annualized yield of 9.0% and a dividend payout ratio of 313.43%.
• As of the latest filings, hedge funds and institutional investors own 47.77% of USA Compression Partners' stock, indicating substantial institutional interest in the company.

Chicago Partners Investment Group LLC reduced its position in USA Compression Partners, LP (NYSE:USAC - Free Report) by 13.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,222 shares of the oil and gas company's stock after selling 10,735 shares during the period. Chicago Partners Investment Group LLC owned about 0.06% of USA Compression Partners worth $1,651,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of USAC. D.A. Davidson & CO. lifted its stake in USA Compression Partners by 2.4% in the 1st quarter. D.A. Davidson & CO. now owns 20,098 shares of the oil and gas company's stock valued at $542,000 after buying an additional 470 shares in the last quarter. Hodges Capital Management Inc. lifted its stake in USA Compression Partners by 1.9% in the 1st quarter. Hodges Capital Management Inc. now owns 26,621 shares of the oil and gas company's stock valued at $718,000 after buying an additional 500 shares in the last quarter. Mallini Complete Financial Planning LLC lifted its stake in USA Compression Partners by 0.6% in the 1st quarter. Mallini Complete Financial Planning LLC now owns 92,966 shares of the oil and gas company's stock valued at $2,508,000 after buying an additional 586 shares in the last quarter. F&V Capital Management LLC lifted its stake in USA Compression Partners by 5.4% in the 2nd quarter. F&V Capital Management LLC now owns 11,750 shares of the oil and gas company's stock valued at $286,000 after buying an additional 600 shares in the last quarter. Finally, HighTower Advisors LLC lifted its stake in USA Compression Partners by 2.9% in the 1st quarter. HighTower Advisors LLC now owns 35,957 shares of the oil and gas company's stock valued at $970,000 after buying an additional 1,022 shares in the last quarter. 47.77% of the stock is owned by hedge funds and other institutional investors.

USA Compression Partners Stock Up 1.5%

USAC stock opened at $23.42 on Tuesday. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 34.96 and a beta of 0.35. The business has a fifty day simple moving average of $23.76 and a 200-day simple moving average of $24.27. USA Compression Partners, LP has a 52 week low of $21.24 and a 52 week high of $30.10.

USA Compression Partners (NYSE:USAC - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. USA Compression Partners had a negative return on equity of 71.82% and a net margin of 9.56%.The firm had revenue of $250.13 million during the quarter, compared to the consensus estimate of $246.99 million. As a group, analysts expect that USA Compression Partners, LP will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Monday, October 27th will be paid a dividend of $0.525 per share. The ex-dividend date is Monday, October 27th. This represents a $2.10 annualized dividend and a dividend yield of 9.0%. USA Compression Partners's dividend payout ratio (DPR) is currently 313.43%.

Analyst Ratings Changes

A number of research firms recently issued reports on USAC. Mizuho upped their target price on USA Compression Partners from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday, August 29th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $25.00 target price (up previously from $24.00) on shares of USA Compression Partners in a research note on Monday, June 23rd. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, USA Compression Partners currently has an average rating of "Reduce" and an average price target of $25.50.

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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