Confluence Wealth Services Inc. Invests $317,000 in USA Compression Partners, LP $USAC

Key Points

• Confluence Wealth Services Inc. invested $317,000 in USA Compression Partners, acquiring 13,022 shares of the company's stock in the second quarter.
• USA Compression Partners declared a quarterly dividend of $0.525 per share, equating to an annualized yield of 9.0%, despite a high dividend payout ratio of 313.43%.
• The company's stock has a current value of $23.39, with a market capitalization of $2.87 billion and a PE ratio of 34.91.

Confluence Wealth Services Inc. acquired a new stake in USA Compression Partners, LP (NYSE:USAC - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 13,022 shares of the oil and gas company's stock, valued at approximately $317,000.

A number of other hedge funds also recently added to or reduced their stakes in the business. F&V Capital Management LLC grew its stake in shares of USA Compression Partners by 5.4% in the second quarter. F&V Capital Management LLC now owns 11,750 shares of the oil and gas company's stock worth $286,000 after acquiring an additional 600 shares in the last quarter. GraniteShares Advisors LLC boosted its holdings in USA Compression Partners by 6.7% in the second quarter. GraniteShares Advisors LLC now owns 118,466 shares of the oil and gas company's stock valued at $2,880,000 after purchasing an additional 7,403 shares during the period. SeaCrest Wealth Management LLC grew its stake in USA Compression Partners by 149.0% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 24,400 shares of the oil and gas company's stock worth $593,000 after purchasing an additional 14,600 shares in the last quarter. Hodges Capital Management Inc. increased its holdings in USA Compression Partners by 1.9% during the 1st quarter. Hodges Capital Management Inc. now owns 26,621 shares of the oil and gas company's stock worth $718,000 after purchasing an additional 500 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in USA Compression Partners by 82.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,863,377 shares of the oil and gas company's stock valued at $77,254,000 after purchasing an additional 1,296,339 shares in the last quarter. 47.77% of the stock is currently owned by institutional investors and hedge funds.

USA Compression Partners Stock Performance

Shares of NYSE USAC opened at $23.39 on Tuesday. The stock's 50-day simple moving average is $23.87 and its 200-day simple moving average is $24.52. The firm has a market capitalization of $2.87 billion, a PE ratio of 34.91 and a beta of 0.35. USA Compression Partners, LP has a fifty-two week low of $21.24 and a fifty-two 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 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. USA Compression Partners had a net margin of 9.56% and a negative return on equity of 71.82%. The company had revenue of $250.13 million for the quarter, compared to analyst estimates of $246.99 million. On average, sell-side analysts forecast that USA Compression Partners, LP will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 8th. Investors of record on Monday, July 28th were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 9.0%. The ex-dividend date was Monday, July 28th. USA Compression Partners's dividend payout ratio (DPR) is currently 313.43%.

Wall Street Analysts Forecast Growth

USAC has been the subject of a number of analyst reports. JPMorgan Chase & Co. reissued an "underweight" rating and set a $25.00 price objective (up from $24.00) on shares of USA Compression Partners in a research report on Monday, June 23rd. Mizuho boosted their price target on shares of USA Compression Partners from $22.00 to $23.00 and gave the stock a "neutral" rating in a report on Friday, August 29th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, USA Compression Partners currently has a consensus rating of "Reduce" and a consensus target price 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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