USA Compression Partners, LP (NYSE:USAC) Shares Bought by Invesco Ltd.

Key Points

• Invesco Ltd. increased its stake in USA Compression Partners, LP by 0.7%, owning approximately 10.51% of the company, valued at $333.49 million after acquiring an additional 86,122 shares during the first quarter.
• USA Compression Partners recently declared a quarterly dividend of $0.525, leading to an annualized dividend yield of 8.9%, although its payout ratio stands at a high 313.43%.
• JPMorgan Chase & Co. restated an "underweight" rating for the company and raised its price objective to $25.00, indicating a cautionary outlook on the stock performance.

Invesco Ltd. grew its position in shares of USA Compression Partners, LP (NYSE:USAC - Free Report) by 0.7% in the first quarter, according to its most recent filing with the SEC. The fund owned 12,360,573 shares of the oil and gas company's stock after acquiring an additional 86,122 shares during the quarter. Invesco Ltd. owned about 10.51% of USA Compression Partners worth $333,488,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of USAC. Raymond James Financial Inc. bought a new stake in USA Compression Partners in the fourth quarter worth $13,905,000. XTX Topco Ltd bought a new stake in USA Compression Partners in the fourth quarter worth $577,000. Transce3nd LLC bought a new stake in USA Compression Partners in the fourth quarter worth $1,036,000. Tradition Wealth Management LLC bought a new stake in USA Compression Partners in the fourth quarter worth $207,000. Finally, Stifel Financial Corp lifted its position in USA Compression Partners by 20.8% in the fourth 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 during the last quarter. 47.77% of the stock is currently owned by institutional investors.

USA Compression Partners Stock Performance

USAC stock traded down $0.09 during midday trading on Friday, reaching $24.24. The company's stock had a trading volume of 62,170 shares, compared to its average volume of 171,230. The stock has a fifty day simple moving average of $24.47 and a two-hundred day simple moving average of $25.37. USA Compression Partners, LP has a 1 year low of $21.24 and a 1 year high of $30.10. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 36.18 and a beta of 0.36.

USA Compression Partners (NYSE:USAC - Get Free Report) last released its earnings results on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $250.13 million for the quarter, compared to analyst estimates of $246.99 million. As a group, analysts forecast that USA Compression Partners, LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 28th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 8.7%. The ex-dividend date was Monday, July 28th. USA Compression Partners's payout ratio is 313.43%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. restated an "underweight" rating and issued a $25.00 price target (up from $24.00) on shares of USA Compression Partners in a research report on Monday, June 23rd.

USA Compression Partners 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.