Raymond James Financial Inc. Invests $13.91 Million in USA Compression Partners LP (NYSE:USAC)

Raymond James Financial Inc. bought a new position in shares of USA Compression Partners LP (NYSE:USAC - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 590,214 shares of the oil and gas company's stock, valued at approximately $13,905,000. Raymond James Financial Inc. owned about 0.50% of USA Compression Partners as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Invesco Ltd. grew its holdings in USA Compression Partners by 0.9% in the fourth quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company's stock worth $289,186,000 after purchasing an additional 107,058 shares during the period. Truist Financial Corp acquired a new position in USA Compression Partners during the 4th quarter worth approximately $2,428,000. Mallini Complete Financial Planning LLC bought a new position in USA Compression Partners in the fourth quarter worth approximately $2,176,000. Corient Private Wealth LLC grew its stake in USA Compression Partners by 28.9% in the fourth quarter. Corient Private Wealth LLC now owns 165,887 shares of the oil and gas company's stock valued at $3,908,000 after acquiring an additional 37,232 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of USA Compression Partners by 94.8% during the fourth quarter. HighTower Advisors LLC now owns 34,935 shares of the oil and gas company's stock valued at $823,000 after acquiring an additional 17,005 shares in the last quarter. Institutional investors own 47.77% of the company's stock.

USA Compression Partners Price Performance

Shares of USA Compression Partners stock traded down $0.30 during trading hours on Friday, hitting $25.28. 170,892 shares of the company's stock traded hands, compared to its average volume of 351,192. The company has a fifty day simple moving average of $25.87 and a 200-day simple moving average of $24.68. The stock has a market capitalization of $2.97 billion, a price-to-earnings ratio of 34.63 and a beta of 0.84. USA Compression Partners LP has a 12-month low of $21.06 and a 12-month high of $30.10.

USA Compression Partners (NYSE:USAC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.06). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. On average, analysts forecast that USA Compression Partners LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Monday, April 28th will be paid a $0.525 dividend. This is an increase from USA Compression Partners's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, April 28th. This represents a $2.10 annualized dividend and a yield of 8.31%. USA Compression Partners's dividend payout ratio is presently 287.67%.

Analyst Ratings Changes

A number of brokerages have commented on USAC. Mizuho boosted their price target 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. JPMorgan Chase & Co. boosted their price objective on USA Compression Partners from $23.00 to $24.00 and gave the stock an "underweight" rating in a report on Tuesday, March 11th. Finally, Citigroup lifted their target price on USA Compression Partners from $24.00 to $27.00 and gave the company a "neutral" rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, USA Compression Partners currently has a consensus rating of "Hold" and an average target price of $26.00.

About USA Compression Partners

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.