Stifel Financial Corp Buys 84,254 Shares of Archrock, Inc. (NYSE:AROC)

Stifel Financial Corp lifted its position in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 74.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 196,837 shares of the energy company's stock after acquiring an additional 84,254 shares during the period. Stifel Financial Corp owned approximately 0.11% of Archrock worth $4,899,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Wolverine Asset Management LLC increased its position in Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock worth $37,000 after purchasing an additional 14,200 shares in the last quarter. Montag A & Associates Inc. acquired a new position in shares of Archrock during the fourth quarter worth $55,000. R Squared Ltd bought a new position in shares of Archrock in the 4th quarter valued at $76,000. Hantz Financial Services Inc. acquired a new stake in shares of Archrock during the 4th quarter valued at $107,000. Finally, Covestor Ltd grew its position in Archrock by 580.6% during the 4th quarter. Covestor Ltd now owns 4,485 shares of the energy company's stock worth $111,000 after acquiring an additional 3,826 shares during the last quarter. Institutional investors and hedge funds own 95.45% of the company's stock.

Archrock Trading Down 0.3 %

Shares of AROC traded down $0.08 during trading hours on Tuesday, hitting $23.64. 282,888 shares of the stock were exchanged, compared to its average volume of 1,462,741. The firm has a market capitalization of $4.14 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.44. The business has a 50-day moving average of $24.52 and a 200-day moving average of $25.16.

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

Archrock announced that its board has authorized a stock repurchase plan on Monday, May 5th that authorizes the company to repurchase $50.00 million in shares. This repurchase authorization authorizes the energy company to buy up to 1.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Archrock Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 13th. Shareholders of record on Tuesday, May 6th will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Tuesday, May 6th. Archrock's payout ratio is 73.08%.

Wall Street Analysts Forecast Growth

Separately, Citigroup lifted their price target on Archrock from $32.00 to $33.00 and gave the company a "buy" rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $26.67.

Archrock Company Profile

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.