Raymond James Financial Inc. Makes New Investment in USA Compression Partners LP (NYSE:USAC)

Raymond James Financial Inc. purchased a new stake in USA Compression Partners LP (NYSE:USAC - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 590,214 shares of the oil and gas company's stock, valued at approximately $13,905,000. Raymond James Financial Inc. owned 0.50% of USA Compression Partners at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Invesco Ltd. increased its holdings in shares of USA Compression Partners by 0.9% during the 4th quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company's stock valued at $289,186,000 after purchasing an additional 107,058 shares in the last quarter. Truist Financial Corp purchased a new position in USA Compression Partners in the fourth quarter valued at $2,428,000. Mallini Complete Financial Planning LLC acquired a new position in shares of USA Compression Partners in the fourth quarter worth about $2,176,000. Corient Private Wealth LLC boosted its stake in shares of USA Compression Partners by 28.9% during the 4th quarter. Corient Private Wealth LLC now owns 165,887 shares of the oil and gas company's stock worth $3,908,000 after acquiring an additional 37,232 shares in the last quarter. Finally, HighTower Advisors LLC grew its position in shares of USA Compression Partners by 94.8% during the 4th quarter. HighTower Advisors LLC now owns 34,935 shares of the oil and gas company's stock valued at $823,000 after acquiring an additional 17,005 shares during the period. 47.77% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. increased their price target on USA Compression Partners from $23.00 to $24.00 and gave the stock an "underweight" rating in a research report on Tuesday, March 11th. Mizuho boosted their target price on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Finally, Citigroup lifted their target price on shares of USA Compression Partners from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $26.00.

USA Compression Partners Price Performance

Shares of USAC stock traded up $0.44 during trading on Thursday, hitting $25.54. 104,596 shares of the stock traded hands, compared to its average volume of 350,613. USA Compression Partners LP has a 52-week low of $21.06 and a 52-week high of $30.10. The firm has a market capitalization of $3.00 billion, a P/E ratio of 34.99 and a beta of 0.84. The firm's fifty day moving average price is $25.99 and its 200-day moving average price is $24.64.

USA Compression Partners (NYSE:USAC - Get Free Report) last announced its earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. As a group, equities research analysts expect that USA Compression Partners LP will post 1.05 earnings per share for the current year.

USA Compression Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Shareholders of record on Monday, April 28th will be given a $0.525 dividend. This is a positive change from USA Compression Partners's previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Monday, April 28th. This represents a $2.10 dividend on an annualized basis and a yield of 8.22%. USA Compression Partners's payout ratio is presently 287.67%.

USA Compression Partners Company Profile

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.