Tortoise Index Solutions LLC increased its stake in USA Compression Partners LP (NYSE:USAC – Get Rating) by 29.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 61,971 shares of the oil and gas company’s stock after purchasing an additional 14,144 shares during the quarter. Tortoise Index Solutions LLC owned approximately 0.06% of USA Compression Partners worth $1,210,000 at the end of the most recent quarter.
Several other institutional investors have also bought and sold shares of the company. Dividend Assets Capital LLC raised its stake in shares of USA Compression Partners by 30.2% in the fourth quarter. Dividend Assets Capital LLC now owns 68,434 shares of the oil and gas company’s stock valued at $1,132,000 after buying an additional 15,871 shares during the period. SVB Wealth LLC raised its stake in USA Compression Partners by 7.8% in the 4th quarter. SVB Wealth LLC now owns 16,679 shares of the oil and gas company’s stock valued at $326,000 after acquiring an additional 1,210 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in USA Compression Partners by 1.5% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 383,152 shares of the oil and gas company’s stock valued at $7,483,000 after purchasing an additional 5,593 shares during the last quarter. SG Americas Securities LLC bought a new position in USA Compression Partners during the fourth quarter worth about $135,000. Finally, Hodges Capital Management Inc. purchased a new position in shares of USA Compression Partners in the fourth quarter worth about $353,000. Hedge funds and other institutional investors own 23.02% of the company’s stock.
Analyst Ratings Changes
A number of analysts recently commented on USAC shares. 51job restated a “maintains” rating on shares of USA Compression Partners in a research note on Wednesday, May 3rd. Stifel Nicolaus boosted their price objective on USA Compression Partners from $18.00 to $21.00 in a research note on Wednesday, February 15th. StockNews.com downgraded USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Thursday, May 11th. JPMorgan Chase & Co. upped their price target on USA Compression Partners from $17.00 to $20.00 and gave the company an “underweight” rating in a research report on Tuesday, March 7th. Finally, Royal Bank of Canada raised their price objective on shares of USA Compression Partners from $19.00 to $23.00 and gave the company a “sector perform” rating in a research report on Wednesday, February 15th. One analyst has rated the stock with a sell rating and three have given a hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.50.
USA Compression Partners Stock Performance
USA Compression Partners stock traded up $0.75 during midday trading on Friday, hitting $19.50. 61,012 shares of the company’s stock were exchanged, compared to its average volume of 183,205. The stock has a 50-day moving average price of $20.25 and a two-hundred day moving average price of $20.02. USA Compression Partners LP has a 52-week low of $14.90 and a 52-week high of $21.95. The company has a market cap of $1.92 billion, a P/E ratio of -170.36 and a beta of 1.54.
USA Compression Partners Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 5th. Stockholders of record on Monday, April 24th were issued 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 of this dividend was Friday, April 21st. This represents a $2.10 annualized dividend and a dividend yield of 10.77%. USA Compression Partners’s payout ratio is presently -1,909.09%.
USA Compression Partners 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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider USA Compression Partners, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and USA Compression Partners wasn’t on the list.
While USA Compression Partners currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
