JPMorgan Chase & Co. Grows Stock Position in Archrock, Inc. (NYSE:AROC)

JPMorgan Chase & Co. grew its stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) by 135.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 993,063 shares of the energy company's stock after buying an additional 570,680 shares during the period. JPMorgan Chase & Co. owned 0.57% of Archrock worth $24,717,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. boosted its stake in Archrock by 0.9% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company's stock worth $1,025,000 after buying an additional 427 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of Archrock by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company's stock worth $1,197,000 after acquiring an additional 796 shares during the last quarter. Yousif Capital Management LLC grew its holdings in Archrock by 1.6% in the fourth quarter. Yousif Capital Management LLC now owns 66,087 shares of the energy company's stock valued at $1,645,000 after purchasing an additional 1,047 shares during the period. Nisa Investment Advisors LLC increased its position in Archrock by 1.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 61,383 shares of the energy company's stock worth $1,528,000 after purchasing an additional 1,108 shares during the last quarter. Finally, Mutual of America Capital Management LLC raised its stake in Archrock by 4.4% during the fourth quarter. Mutual of America Capital Management LLC now owns 26,534 shares of the energy company's stock worth $660,000 after purchasing an additional 1,126 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Separately, Citigroup boosted their price objective on shares of 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $26.67.

Archrock Trading Up 1.5 %

AROC traded up $0.36 during trading on Tuesday, hitting $23.72. 85,701 shares of the company's stock were exchanged, compared to its average volume of 1,482,498. Archrock, Inc. has a 1 year low of $17.26 and a 1 year high of $30.44. The stock has a 50 day moving average price of $25.59 and a 200 day moving average price of $24.88. The firm has a market cap of $4.16 billion, a P/E ratio of 26.06, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a $0.19 dividend. This is an increase from Archrock's previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 3.20%. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock's dividend payout ratio is currently 73.08%.

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.