ExodusPoint Capital Management LP Acquires New Shares in Archrock, Inc. (NYSE:AROC)

ExodusPoint Capital Management LP purchased a new position in Archrock, Inc. (NYSE:AROC - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 81,029 shares of the energy company's stock, valued at approximately $2,017,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AROC. Wolverine Asset Management LLC raised its position in shares of Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock worth $37,000 after acquiring an additional 14,200 shares in the last quarter. Continuum Advisory LLC lifted its position in shares of Archrock by 5,621.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock worth $43,000 after buying an additional 2,080 shares during the last quarter. Montag A & Associates Inc. purchased a new stake in shares of Archrock during the 4th quarter worth approximately $55,000. R Squared Ltd purchased a new position in shares of Archrock in the 4th quarter valued at $76,000. Finally, Hantz Financial Services Inc. acquired a new position in Archrock in the fourth quarter valued at $107,000. Institutional investors and hedge funds own 95.45% of the company's stock.

Wall Street Analyst Weigh In

Separately, Citigroup boosted their price target on shares of Archrock from $32.00 to $33.00 and gave the stock 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $26.67.

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Archrock Stock Up 3.4 %

AROC traded up $0.78 during trading on Monday, hitting $23.58. The company had a trading volume of 166,408 shares, compared to its average volume of 1,463,365. 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 cap of $4.13 billion, a PE ratio of 25.91, a P/E/G ratio of 1.60 and a beta of 1.25. Archrock, Inc. has a 1-year low of $17.27 and a 1-year high of $30.44. The business has a 50-day moving average of $25.70 and a 200-day moving average of $24.86.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from Archrock's previous quarterly dividend of $0.18. Archrock's payout ratio is 73.08%.

Archrock 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.