Oppenheimer & Co. Inc. Makes New $449,000 Investment in Archrock, Inc. (NYSE:AROC)

Oppenheimer & Co. Inc. acquired a new position in shares of Archrock, Inc. (NYSE:AROC - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 18,038 shares of the energy company's stock, valued at approximately $449,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in Archrock in the 3rd quarter worth about $28,000. Wolverine Asset Management LLC increased its holdings in shares of Archrock by 111.8% in the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company's stock valued at $37,000 after acquiring an additional 14,200 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of Archrock by 5,621.6% in the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company's stock valued at $43,000 after buying an additional 2,080 shares during the period. Montag A & Associates Inc. bought a new position in Archrock in the 4th quarter worth approximately $55,000. Finally, Millburn Ridgefield Corp acquired a new stake in Archrock in the third quarter worth approximately $50,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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Archrock Trading Up 5.9 %

Shares of AROC stock traded up $1.35 on Tuesday, hitting $24.07. The company had a trading volume of 2,254,017 shares, compared to its average volume of 1,419,161. 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 firm has a market cap of $4.22 billion, a P/E ratio of 26.45, a P/E/G ratio of 1.60 and a beta of 1.56. The stock's 50-day moving average is $27.24 and its two-hundred day moving average is $23.99. Archrock, Inc. has a twelve month low of $17.26 and a twelve month high of $30.44.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were given a $0.19 dividend. This is a boost from Archrock's previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 annualized dividend and a yield of 3.16%. Archrock's dividend payout ratio (DPR) is presently 73.08%.

About Archrock

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.