USA Compression Partners LP (NYSE:USAC) Stock Position Trimmed by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lessened its holdings in USA Compression Partners LP (NYSE:USAC - Free Report) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,509,708 shares of the oil and gas company's stock after selling 14,273 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 3.00% of USA Compression Partners worth $82,689,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of USAC. Strategic Financial Concepts LLC purchased a new position in shares of USA Compression Partners during the fourth quarter valued at approximately $333,000. Raymond James Financial Inc. purchased a new position in shares of USA Compression Partners during the fourth quarter valued at approximately $13,905,000. Truist Financial Corp purchased a new position in shares of USA Compression Partners during the fourth quarter valued at approximately $2,428,000. Bravias Capital Group LLC acquired a new position in USA Compression Partners during the fourth quarter worth approximately $230,000. Finally, Mallini Complete Financial Planning LLC acquired a new position in USA Compression Partners during the fourth quarter worth approximately $2,176,000. Hedge funds and other institutional investors own 47.77% of the company's stock.

Insider Activity at USA Compression Partners

In related news, Director Bradford D. Whitehurst acquired 10,000 shares of USA Compression Partners stock in a transaction on Thursday, May 8th. The shares were purchased at an average cost of $23.50 per share, for a total transaction of $235,000.00. Following the purchase, the director now directly owns 23,616 shares of the company's stock, valued at $554,976. The trade was a 73.44% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

USA Compression Partners Stock Down 0.7%

Shares of USA Compression Partners stock traded down $0.18 during trading hours on Friday, hitting $24.02. The company's stock had a trading volume of 158,569 shares, compared to its average volume of 343,422. USA Compression Partners LP has a 1-year low of $21.06 and a 1-year high of $30.10. The business has a fifty day moving average of $25.14 and a 200 day moving average of $24.88. The company has a market capitalization of $2.82 billion, a PE ratio of 32.90 and a beta of 0.53.

USA Compression Partners (NYSE:USAC - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.04). The firm had revenue of $245.23 million for the quarter, compared to analyst estimates of $244.79 million. USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. On average, sell-side analysts anticipate that USA Compression Partners LP will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 9th. Investors of record on Monday, April 28th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 8.74%. This is a positive change from USA Compression Partners's previous quarterly dividend of $0.51. The ex-dividend date was Monday, April 28th. USA Compression Partners's dividend payout ratio (DPR) is presently 308.82%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on USAC. Citigroup upped their price target on shares of USA Compression Partners from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. upped 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 report on Tuesday, March 11th. Finally, Mizuho upped their price target on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a research report on Monday, February 3rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat.com, USA Compression Partners has a consensus rating of "Hold" and a consensus target price of $26.00.

USA Compression Partners Company Profile

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.