Raymond James Financial Inc. lowered its holdings in USA Compression Partners, LP (NYSE:USAC - Free Report) by 8.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 540,574 shares of the oil and gas company's stock after selling 49,640 shares during the period. Raymond James Financial Inc. owned about 0.46% of USA Compression Partners worth $14,585,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC increased its position in shares of USA Compression Partners by 2.9% in the first quarter. HighTower Advisors LLC now owns 35,957 shares of the oil and gas company's stock worth $970,000 after acquiring an additional 1,022 shares in the last quarter. Invesco Ltd. grew its position in USA Compression Partners by 0.7% during the first quarter. Invesco Ltd. now owns 12,360,573 shares of the oil and gas company's stock valued at $333,488,000 after purchasing an additional 86,122 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in USA Compression Partners by 1.2% during the first quarter. Chicago Partners Investment Group LLC now owns 77,957 shares of the oil and gas company's stock valued at $2,103,000 after purchasing an additional 955 shares in the last quarter. IFG Advisory LLC purchased a new position in USA Compression Partners during the first quarter valued at approximately $202,000. Finally, Kestra Private Wealth Services LLC purchased a new position in USA Compression Partners during the first quarter valued at approximately $230,000. Institutional investors and hedge funds own 47.77% of the company's stock.
USA Compression Partners Trading Down 0.5%
NYSE:USAC traded down $0.11 during trading hours on Tuesday, hitting $23.95. 40,949 shares of the company traded hands, compared to its average volume of 298,046. The stock has a market capitalization of $2.94 billion, a price-to-earnings ratio of 35.75 and a beta of 0.40. USA Compression Partners, LP has a twelve month low of $21.24 and a twelve month high of $30.10. The firm has a 50-day moving average of $24.25 and a 200 day moving average of $25.06.
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. The firm had revenue of $250.13 million for the quarter, compared to analyst estimates of $246.99 million. USA Compression Partners had a net margin of 9.56% and a negative return on equity of 71.82%. Equities research analysts predict that USA Compression Partners, LP will post 1.05 earnings per share for the current fiscal year.
USA Compression Partners Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 8th. Stockholders of record on Monday, July 28th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, July 28th. This represents a $2.10 annualized dividend and a dividend yield of 8.8%. USA Compression Partners's dividend payout ratio is presently 313.43%.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on USAC. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $25.00 target price (up from $24.00) on shares of USA Compression Partners in a research note on Monday, June 23rd. Mizuho lifted their target price on shares of USA Compression Partners from $22.00 to $23.00 and gave the company a "neutral" rating in a research note on Friday. Three analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, USA Compression Partners has an average rating of "Reduce" and an average price target of $25.50.
Check Out Our Latest Analysis on USA Compression Partners
USA Compression Partners Profile
(
Free Report)
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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