Corps Capital Advisors LLC Takes $697,000 Position in Archrock, Inc. (NYSE:AROC)

Corps Capital Advisors LLC acquired a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,000 shares of the energy company's stock, valued at approximately $697,000.

A number of other large investors have also modified their holdings of the stock. Kayne Anderson Capital Advisors LP grew its stake in shares of Archrock by 1,680.2% during the third quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company's stock worth $30,976,000 after purchasing an additional 1,444,471 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in Archrock in the third quarter valued at $22,108,000. State Street Corp boosted its stake in Archrock by 11.5% in the third quarter. State Street Corp now owns 6,836,745 shares of the energy company's stock valued at $138,376,000 after acquiring an additional 707,379 shares in the last quarter. HITE Hedge Asset Management LLC acquired a new position in Archrock in the third quarter valued at $10,939,000. Finally, Geode Capital Management LLC boosted its stake in Archrock by 16.0% in the third quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company's stock valued at $76,826,000 after acquiring an additional 523,825 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company's stock.

Archrock Price Performance

Archrock stock traded down $0.81 during mid-day trading on Friday, reaching $26.42. The company had a trading volume of 1,400,195 shares, compared to its average volume of 1,160,740. Archrock, Inc. has a 1 year low of $17.26 and a 1 year high of $30.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The company has a market capitalization of $4.63 billion, a P/E ratio of 29.03, a P/E/G ratio of 1.65 and a beta of 1.57. The stock's 50-day simple moving average is $27.11 and its 200-day simple moving average is $23.44.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from Archrock's previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 2.88%. Archrock's dividend payout ratio (DPR) is 83.52%.

Analyst Ratings Changes

AROC has been the subject of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. upped their target price on shares of Archrock from $25.00 to $27.00 and gave the company an "overweight" rating in a report on Friday, November 29th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $25.17.

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.