Monument Capital Management Invests $236,000 in Archrock, Inc. (NYSE:AROC)

Monument Capital Management acquired a new stake in shares of Archrock, Inc. (NYSE:AROC - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 9,489 shares of the energy company's stock, valued at approximately $236,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Brown Brothers Harriman & Co. purchased a new position in shares of Archrock in the third quarter valued at $28,000. Continuum Advisory LLC grew its holdings in shares of Archrock by 5,621.6% in the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock valued at $43,000 after purchasing an additional 2,080 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in shares of Archrock in the third quarter valued at $50,000. Montag A & Associates Inc. purchased a new position in shares of Archrock in the fourth quarter valued at $55,000. Finally, R Squared Ltd purchased a new position in shares of Archrock in the fourth quarter valued at $76,000. Institutional investors own 95.45% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on AROC shares. Royal Bank of Canada raised their target price on shares of Archrock from $26.00 to $27.00 and gave the company an "outperform" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lifted their price objective on shares of Archrock from $25.00 to $27.00 and gave the stock an "overweight" rating in a research note on Friday, November 29th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Archrock currently has a consensus rating of "Moderate Buy" and a consensus price target of $25.17.

Archrock Trading Down 3.0 %

NYSE AROC traded down $0.81 on Friday, hitting $26.42. 1,400,195 shares of the stock were exchanged, compared to its average volume of 1,279,847. The company has a debt-to-equity ratio of 1.73, a quick ratio of 0.82 and a current ratio of 1.26. The stock has a fifty day moving average price of $27.11 and a two-hundred day moving average price of $23.44. The firm has a market capitalization of $4.63 billion, a P/E ratio of 29.03, a P/E/G ratio of 1.71 and a beta of 1.57. Archrock, Inc. has a 52-week low of $17.26 and a 52-week high of $30.44.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.88%. This is a positive change from Archrock's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. Archrock's payout ratio is presently 83.52%.

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.