Wexford Capital LP Invests $322,000 in Archrock, Inc. (NYSE:AROC)

Wexford Capital LP bought a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 12,957 shares of the energy company's stock, valued at approximately $322,000.

Other institutional investors have also modified their holdings of the company. Barclays PLC boosted its holdings in Archrock by 124.2% in the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company's stock worth $6,125,000 after acquiring an additional 167,648 shares during the period. Park Avenue Securities LLC purchased a new position in Archrock in the 4th quarter worth approximately $683,000. Ballentine Partners LLC purchased a new position in Archrock in the 4th quarter worth approximately $238,000. Nisa Investment Advisors LLC boosted its holdings in Archrock by 1.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 61,383 shares of the energy company's stock worth $1,528,000 after acquiring an additional 1,108 shares during the period. Finally, Exchange Traded Concepts LLC boosted its holdings in Archrock by 4.5% in the 4th quarter. Exchange Traded Concepts LLC now owns 369,165 shares of the energy company's stock worth $9,189,000 after acquiring an additional 15,824 shares during the period. Hedge funds and other institutional investors own 95.45% of the company's stock.

Archrock Stock Performance

Archrock stock opened at $25.30 on Tuesday. The stock has a market cap of $4.47 billion, a P/E ratio of 27.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The stock has a 50 day moving average of $24.54 and a 200-day moving average of $25.49. Archrock, Inc. has a 52 week low of $17.27 and a 52 week high of $30.44.

Archrock (NYSE:AROC - Get Free Report) last released its earnings results on Monday, May 5th. The energy company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The company had revenue of $347.16 million during the quarter, compared to analysts' expectations of $342.98 million. Archrock had a return on equity of 16.24% and a net margin of 13.34%. On average, analysts expect that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 13th. Stockholders of record on Tuesday, May 6th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend was Tuesday, May 6th. Archrock's dividend payout ratio (DPR) is currently 64.41%.

Archrock announced that its board has initiated a stock buyback plan on Monday, May 5th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the energy company to purchase up to 1.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Citigroup upped their price target on Archrock from $32.00 to $33.00 and gave the stock a "buy" rating in a report on Tuesday, March 18th. Sidoti upgraded Archrock to a "hold" rating in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $26.67.

Insider Activity

In related news, SVP Jason Ingersoll sold 42,036 shares of the company's stock in a transaction that occurred on Friday, May 9th. The stock was sold at an average price of $24.49, for a total transaction of $1,029,461.64. Following the sale, the senior vice president now directly owns 275,911 shares of the company's stock, valued at approximately $6,757,060.39. This represents a 13.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.60% of the company's stock.

About Archrock

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.

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