590,214 Shares in USA Compression Partners LP (NYSE:USAC) Acquired by Raymond James Financial Inc.

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

Other institutional investors have also recently bought and sold shares of the company. TSA Wealth Managment LLC bought a new position in USA Compression Partners during the fourth quarter valued at about $205,000. WMG Financial Advisors LLC raised its holdings in USA Compression Partners by 5.6% during the fourth quarter. WMG Financial Advisors LLC now owns 23,374 shares of the oil and gas company's stock valued at $551,000 after buying an additional 1,250 shares in the last quarter. Bravias Capital Group LLC bought a new position in USA Compression Partners during the fourth quarter valued at about $230,000. SVB Wealth LLC bought a new position in USA Compression Partners during the fourth quarter valued at about $207,000. Finally, GraniteShares Advisors LLC raised its holdings in USA Compression Partners by 7.4% during the fourth quarter. GraniteShares Advisors LLC now owns 104,333 shares of the oil and gas company's stock valued at $2,458,000 after buying an additional 7,216 shares in the last quarter. Institutional investors and hedge funds own 47.77% of the company's stock.

Wall Street Analysts Forecast Growth

USAC has been the topic of a number of recent analyst reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $27.00 price objective on shares of USA Compression Partners in a research note on Friday, November 22nd. Mizuho lifted their price objective on USA Compression Partners from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Monday, February 3rd. Citigroup lifted their price objective on USA Compression Partners from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. boosted their price target on USA Compression Partners from $23.00 to $24.00 and gave the company an "underweight" rating in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $26.80.

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USA Compression Partners Stock Performance

NYSE USAC traded down $0.23 during trading on Friday, reaching $27.23. 1,891,692 shares of the company traded hands, compared to its average volume of 336,042. The stock's 50 day moving average price is $26.73 and its two-hundred day moving average price is $24.21. The company has a market cap of $3.20 billion, a price-to-earnings ratio of 37.30 and a beta of 1.31. USA Compression Partners LP has a 1-year low of $21.06 and a 1-year high of $30.10.

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 EPS 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%. Equities research analysts expect that USA Compression Partners LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 7.71%. The ex-dividend date of this dividend was Monday, January 27th. USA Compression Partners's payout ratio is currently 287.67%.

USA Compression Partners 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.