JPMorgan Chase & Co. cut its stake in shares of USA Compression Partners LP (NYSE:USAC - Free Report) by 41.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,878,493 shares of the oil and gas company's stock after selling 1,336,085 shares during the period. JPMorgan Chase & Co. owned about 1.61% of USA Compression Partners worth $44,257,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in USAC. Stifel Financial Corp bought a new stake in shares of USA Compression Partners during the 3rd quarter valued at $210,000. Hodges Capital Management Inc. raised its holdings in USA Compression Partners by 9.0% during the third quarter. Hodges Capital Management Inc. now owns 24,306 shares of the oil and gas company's stock valued at $557,000 after acquiring an additional 2,000 shares during the period. Sunbelt Securities Inc. raised its holdings in USA Compression Partners by 16.4% during the third quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company's stock valued at $119,000 after acquiring an additional 730 shares during the period. Sanctuary Advisors LLC lifted its position in shares of USA Compression Partners by 9.2% in the third quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company's stock valued at $215,000 after acquiring an additional 766 shares in the last quarter. Finally, World Investment Advisors LLC boosted its stake in shares of USA Compression Partners by 9.0% in the third quarter. World Investment Advisors LLC now owns 11,720 shares of the oil and gas company's stock worth $269,000 after acquiring an additional 970 shares during the period. Hedge funds and other institutional investors own 47.77% of the company's stock.
USA Compression Partners Price Performance
Shares of NYSE USAC traded up $0.70 during midday trading on Friday, reaching $23.64. 166,150 shares of the stock traded hands, compared to its average volume of 357,490. The company's 50 day moving average is $26.53 and its 200 day moving average is $24.54. USA Compression Partners LP has a one year low of $21.06 and a one year high of $30.10. The stock has a market capitalization of $2.78 billion, a PE ratio of 32.38 and a beta of 0.84.
USA Compression Partners (NYSE:USAC - Get Free Report) last released 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 net margin of 10.48% and a negative return on equity of 62.46%. As a group, equities analysts forecast that USA Compression Partners LP will post 1.05 EPS for the current year.
USA Compression Partners Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were given a $0.525 dividend. The ex-dividend date was Monday, January 27th. This represents a $2.10 annualized dividend and a yield of 8.89%. USA Compression Partners's dividend payout ratio is currently 287.67%.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Citigroup boosted their price target on USA Compression Partners from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their target price on shares of USA Compression Partners from $23.00 to $24.00 and gave the stock an "underweight" rating in a report on Tuesday, March 11th. Finally, Mizuho raised their target price 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $26.80.
Get Our Latest Research Report on USAC
USA Compression Partners Company Profile
(
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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