USA Compression Partners, LP $USAC Shares Sold by Bank of America Corp DE

Key Points

• Bank of America reduced its USA Compression Partners stake by 38.6% in the first quarter, selling 46,541 shares and retaining 74,105 shares worth approximately $2.01 million. Institutional investors and hedge funds collectively own 47.77% of the company.
• USA Compression Partners reported quarterly EPS of $0.31, beating estimates by $0.03, while revenue of $342.15 million slightly exceeded expectations. The partnership declared a quarterly dividend of $0.525 per share, representing a 7.6% annualized yield.
• Shares recently traded at $27.50, while analysts maintain an overall “Hold” rating with an average price target of $29.50; company director Bradford D. Whitehurst separately bought 6,000 shares.

Bank of America Corp DE cut its stake in USA Compression Partners, LP (NYSE:USAC - Free Report) by 38.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,105 shares of the oil and gas company's stock after selling 46,541 shares during the quarter. Bank of America Corp DE owned approximately 0.05% of USA Compression Partners worth $2,010,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets boosted its stake in shares of USA Compression Partners by 233.3% in the third quarter. BNP Paribas Financial Markets now owns 1,443 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 1,010 shares during the last quarter. MV Capital Management Inc. purchased a new position in USA Compression Partners in the 4th quarter valued at $86,000. One Charles Private Wealth Services LLC purchased a new position in USA Compression Partners in the 1st quarter valued at $212,000. TSA Wealth Managment LLC purchased a new position in USA Compression Partners in the 1st quarter valued at $236,000. Finally, Texas Yale Capital Corp. acquired a new stake in USA Compression Partners during the 4th quarter worth $224,000. 47.77% of the stock is currently owned by institutional investors and hedge funds.

USA Compression Partners Trading Up 1.1%

Shares of USAC opened at $27.50 on Thursday. The company has a current ratio of 1.35, a quick ratio of 0.68 and a debt-to-equity ratio of 10.25. USA Compression Partners, LP has a 12-month low of $21.85 and a 12-month high of $30.55. The firm has a 50-day moving average price of $26.44 and a 200 day moving average price of $27.17. The firm has a market capitalization of $3.99 billion, a P/E ratio of 25.95 and a beta of 0.23.

USA Compression Partners (NYSE:USAC - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.03. USA Compression Partners had a net margin of 12.43% and a return on equity of 179.77%. The firm had revenue of $342.15 million during the quarter, compared to analysts' expectations of $340.49 million. Sell-side analysts forecast that USA Compression Partners, LP will post 1.17 EPS for the current year.

USA Compression Partners Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Monday, July 27th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 7.6%. The ex-dividend date of this dividend was Monday, July 27th. USA Compression Partners's payout ratio is presently 198.11%.

Wall Street Analysts Forecast Growth

USAC has been the subject of a number of research reports. Royal Bank Of Canada upped their target price on shares of USA Compression Partners from $30.00 to $31.00 and gave the stock a "sector perform" rating in a report on Tuesday. Mizuho boosted their price target on shares of USA Compression Partners from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Friday, June 12th. Citigroup boosted their price target on shares of USA Compression Partners from $26.00 to $28.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 13th. Zacks Research raised shares of USA Compression Partners from a "strong sell" rating to a "hold" rating in a research note on Monday. Finally, Wall Street Zen upgraded shares of USA Compression Partners from a "hold" rating to a "buy" rating in a report on Saturday, August 29th. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, USA Compression Partners presently has an average rating of "Hold" and an average target price of $29.50.

Insider Buying and Selling

In other USA Compression Partners news, Director Bradford D. Whitehurst acquired 6,000 shares of the firm's stock in a transaction that occurred on Friday, August 21st. The shares were purchased at an average cost of $26.10 per share, for a total transaction of $156,600.00. Following the completion of the acquisition, the director owned 43,616 shares of the company's stock, valued at approximately $1,138,377.60. The trade was a 15.95% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

USA Compression Partners Company Profile

USA Compression Partners NYSE: USAC is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression's product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.

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