JPMorgan Chase & Co. Sells 2,696,284 Shares of USA Compression Partners LP (NYSE:USAC)

JPMorgan Chase & Co. lessened its position in USA Compression Partners LP (NYSE:USAC - Free Report) by 45.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 3,214,578 shares of the oil and gas company's stock after selling 2,696,284 shares during the period. JPMorgan Chase & Co. owned approximately 2.75% of USA Compression Partners worth $73,678,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of USAC. Cambridge Investment Research Advisors Inc. increased its position in shares of USA Compression Partners by 252.1% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,596 shares of the oil and gas company's stock worth $1,058,000 after acquiring an additional 31,930 shares in the last quarter. Custom Index Systems LLC bought a new stake in USA Compression Partners during the 2nd quarter worth approximately $1,329,000. Sunbelt Securities Inc. raised its stake in shares of USA Compression Partners by 12.2% in the second quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company's stock worth $105,000 after purchasing an additional 485 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of USA Compression Partners in the second quarter valued at approximately $204,000. Finally, Objectivity Squared LLC boosted its position in shares of USA Compression Partners by 2.3% during the third quarter. Objectivity Squared LLC now owns 206,843 shares of the oil and gas company's stock valued at $4,768,000 after buying an additional 4,644 shares during the last quarter. Institutional investors own 47.77% of the company's stock.

Analysts Set New Price Targets

USAC has been the topic of several recent analyst reports. Mizuho dropped their price objective on USA Compression Partners from $25.00 to $24.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 2nd. Royal Bank of Canada reissued a "sector perform" rating and set a $27.00 price target on shares of USA Compression Partners in a research report on Friday, November 22nd. Finally, Citigroup assumed coverage on shares of USA Compression Partners in a research report on Friday, September 27th. They issued a "neutral" rating and a $23.00 price objective for the company. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $26.00.

USA Compression Partners Trading Up 1.4 %

Shares of NYSE:USAC traded up $0.33 during midday trading on Friday, reaching $24.23. The company had a trading volume of 662,012 shares, compared to its average volume of 661,006. The stock has a market cap of $2.84 billion, a P/E ratio of 42.51 and a beta of 1.34. The company's 50 day moving average price is $23.03 and its 200 day moving average price is $22.90. USA Compression Partners LP has a 52-week low of $21.06 and a 52-week high of $28.47.

USA Compression Partners (NYSE:USAC - Get Free Report) last released its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.07). The company had revenue of $239.97 million during the quarter, compared to analysts' expectations of $238.37 million. USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Research analysts forecast that USA Compression Partners LP will post 0.8 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, October 21st were paid a $0.525 dividend. The ex-dividend date was Monday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 8.67%. USA Compression Partners's payout ratio is presently 368.42%.

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.