Corient Private Wealth LLC Grows Stock Holdings in USA Compression Partners LP (NYSE:USAC)

Corient Private Wealth LLC increased its stake in USA Compression Partners LP (NYSE:USAC - Free Report) by 28.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 165,887 shares of the oil and gas company's stock after purchasing an additional 37,232 shares during the period. Corient Private Wealth LLC owned 0.14% of USA Compression Partners worth $3,908,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. D.A. Davidson & CO. bought a new position in shares of USA Compression Partners in the 3rd quarter valued at about $279,000. Infrastructure Capital Advisors LLC boosted its holdings in shares of USA Compression Partners by 14.9% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company's stock valued at $4,497,000 after acquiring an additional 25,439 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of USA Compression Partners by 0.4% in the third quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company's stock worth $4,848,000 after purchasing an additional 833 shares during the last quarter. Stifel Financial Corp acquired a new stake in USA Compression Partners during the 3rd quarter valued at approximately $210,000. Finally, Hodges Capital Management Inc. increased its holdings in USA Compression Partners by 9.0% in the third quarter. Hodges Capital Management Inc. now owns 24,306 shares of the oil and gas company's stock worth $557,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 47.77% of the company's stock.

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USA Compression Partners Trading Down 2.9 %

Shares of NYSE USAC traded down $0.79 during midday trading on Wednesday, hitting $26.95. The company's stock had a trading volume of 180,112 shares, compared to its average volume of 335,192. USA Compression Partners LP has a 12-month low of $21.06 and a 12-month high of $30.10. The firm has a market cap of $3.17 billion, a P/E ratio of 36.91 and a beta of 1.31. The business's 50 day moving average is $26.84 and its two-hundred day moving average is $24.32.

USA Compression Partners (NYSE:USAC - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.24 by ($0.06). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. On average, analysts predict that USA Compression Partners LP will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 7.79%. The ex-dividend date of this dividend was Monday, January 27th. USA Compression Partners's payout ratio is currently 287.67%.

Analysts Set New Price Targets

USAC has been the topic of a number of research analyst reports. JPMorgan Chase & Co. boosted their target price on USA Compression Partners from $23.00 to $24.00 and gave the stock an "underweight" rating in a research note on Tuesday, March 11th. Citigroup boosted 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 note on Tuesday, February 25th. Finally, Mizuho increased their price objective on USA Compression Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, USA Compression Partners has a consensus rating of "Hold" and an average target price of $26.80.

About USA Compression Partners

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.