Jane Street Group LLC increased its position in shares of USA Compression Partners LP (NYSE:USAC - Free Report) by 236.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 130,270 shares of the oil and gas company's stock after acquiring an additional 91,499 shares during the quarter. Jane Street Group LLC owned 0.11% of USA Compression Partners worth $3,069,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Spring Capital Management LLC acquired a new position in USA Compression Partners in the 4th quarter valued at approximately $283,000. Chicago Partners Investment Group LLC increased its stake in USA Compression Partners by 1.6% in the 4th quarter. Chicago Partners Investment Group LLC now owns 77,002 shares of the oil and gas company's stock valued at $1,831,000 after buying an additional 1,232 shares during the period. Hodges Capital Management Inc. increased its stake in USA Compression Partners by 7.5% in the 4th quarter. Hodges Capital Management Inc. now owns 26,121 shares of the oil and gas company's stock valued at $615,000 after buying an additional 1,815 shares during the period. Strategic Financial Concepts LLC acquired a new position in USA Compression Partners in the 4th quarter valued at approximately $333,000. Finally, Truist Financial Corp acquired a new position in USA Compression Partners in the 4th quarter valued at approximately $2,428,000. Institutional investors and hedge funds own 47.77% of the company's stock.
Insider Activity at USA Compression Partners
In other news, Director Bradford D. Whitehurst bought 10,000 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were acquired at an average cost of $23.50 per share, for a total transaction of $235,000.00. Following the purchase, the director now owns 23,616 shares of the company's stock, valued at $554,976. This represents a 73.44% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
USA Compression Partners Stock Down 0.7%
Shares of USAC traded down $0.18 during mid-day trading on Friday, hitting $24.02. 158,569 shares of the company's stock were exchanged, compared to its average volume of 343,426. The firm has a fifty day moving average of $25.14 and a two-hundred day moving average of $24.87. USA Compression Partners LP has a twelve month low of $21.06 and a twelve month high of $30.10. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 32.90 and a beta of 0.53.
USA Compression Partners (NYSE:USAC - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.04). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. The business had revenue of $245.23 million for the quarter, compared to analyst estimates of $244.79 million. On average, equities analysts predict that USA Compression Partners LP will post 1.05 earnings per share for the current year.
USA Compression Partners Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, May 9th. Stockholders of record on Monday, April 28th were paid a dividend of $0.525 per share. This is a positive change from USA Compression Partners's previous quarterly dividend of $0.51. The ex-dividend date was Monday, April 28th. This represents a $2.10 annualized dividend and a dividend yield of 8.74%. USA Compression Partners's dividend payout ratio is 308.82%.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on USAC shares. Citigroup upped their price objective on shares of USA Compression Partners from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Tuesday, February 25th. Mizuho upped their price objective on shares of USA Compression Partners from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of USA Compression Partners from $23.00 to $24.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $26.00.
Get Our Latest Stock Analysis on USAC
About USA Compression Partners
(
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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