Truist Financial Corp purchased a new stake in shares of USA Compression Partners LP (NYSE:USAC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 101,205 shares of the oil and gas company's stock, valued at approximately $2,428,000. Truist Financial Corp owned approximately 0.09% of USA Compression Partners as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the company. Strategic Financial Concepts LLC purchased a new position in shares of USA Compression Partners in the fourth quarter worth about $333,000. Sanctuary Advisors LLC increased its holdings in shares of USA Compression Partners by 9.2% in the third quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company's stock worth $215,000 after buying an additional 766 shares during the period. Stifel Financial Corp purchased a new position in shares of USA Compression Partners in the third quarter worth about $210,000. Infrastructure Capital Advisors LLC increased its holdings in shares of USA Compression Partners by 14.9% in the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company's stock worth $4,497,000 after buying an additional 25,439 shares during the period. Finally, Spring Capital Management LLC purchased a new position in shares of USA Compression Partners in the fourth quarter worth about $283,000. Hedge funds and other institutional investors own 47.77% of the company's stock.
USA Compression Partners Stock Performance
Shares of NYSE USAC traded down $0.15 during trading hours on Friday, hitting $26.95. The company's stock had a trading volume of 590,887 shares, compared to its average volume of 485,736. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 36.92 and a beta of 1.34. USA Compression Partners LP has a 12 month low of $21.06 and a 12 month high of $30.10. The business has a 50-day simple moving average of $25.93 and a 200-day simple moving average of $23.79.
USA Compression Partners (NYSE:USAC - Get Free Report) last posted its earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share (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%. On average, equities research analysts forecast that USA Compression Partners LP will post 1.05 EPS for the current year.
USA Compression Partners Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were given a dividend of $0.525 per share. The ex-dividend date was Monday, January 27th. This represents a $2.10 annualized dividend and a yield of 7.79%. USA Compression Partners's payout ratio is 287.67%.
Wall Street Analyst Weigh In
Several research analysts have recently commented on USAC shares. Royal Bank of Canada reiterated a "sector perform" rating and issued a $27.00 price objective on shares of USA Compression Partners in a report 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 report on Monday, February 3rd. Finally, Citigroup raised their target price on USA Compression Partners from $24.00 to $27.00 and gave the stock a "neutral" rating in a research note on Tuesday. Four investment 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 a consensus rating of "Hold" and a consensus price target of $27.50.
Read Our Latest Analysis on USAC
About USA Compression Partners
(
Free Report)
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.
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