Wells Fargo & Company MN trimmed its holdings in shares of USA Compression Partners LP (NYSE:USAC - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 255,899 shares of the oil and gas company's stock after selling 29,824 shares during the period. Wells Fargo & Company MN owned about 0.22% of USA Compression Partners worth $6,029,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of USA Compression Partners during the fourth quarter valued at approximately $13,905,000. Truist Financial Corp bought a new position in USA Compression Partners in the fourth quarter valued at about $2,428,000. Mallini Complete Financial Planning LLC bought a new position in USA Compression Partners in the fourth quarter valued at about $2,176,000. Corient Private Wealth LLC lifted its holdings in USA Compression Partners by 28.9% in the fourth quarter. Corient Private Wealth LLC now owns 165,887 shares of the oil and gas company's stock valued at $3,908,000 after acquiring an additional 37,232 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in USA Compression Partners by 94.8% in the fourth 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 currently owned by hedge funds and other institutional investors.
USA Compression Partners Price Performance
USA Compression Partners stock traded up $0.45 during midday trading on Thursday, reaching $25.55. The company had a trading volume of 27,159 shares, compared to its average volume of 350,307. The company has a market capitalization of $3.00 billion, a P/E ratio of 34.99 and a beta of 0.84. USA Compression Partners LP has a 12-month low of $21.06 and a 12-month high of $30.10. The firm's fifty day simple moving average is $25.99 and its 200-day simple moving average is $24.64.
USA Compression Partners (NYSE:USAC - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, analysts expect that USA Compression Partners LP will post 1.05 EPS for the current fiscal year.
USA Compression Partners Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, May 9th. Investors of record on Monday, April 28th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 8.22%. The ex-dividend date of this dividend is Monday, April 28th. This is an increase from USA Compression Partners's previous quarterly dividend of $0.51. USA Compression Partners's dividend payout ratio (DPR) is currently 287.67%.
Analyst Ratings Changes
A number of brokerages have issued reports on USAC. JPMorgan Chase & Co. increased their price objective on shares of USA Compression Partners from $23.00 to $24.00 and gave the company an "underweight" rating in a report on Tuesday, March 11th. Citigroup raised their target price on shares of USA Compression Partners from $24.00 to $27.00 and gave the company a "neutral" rating in a report on Tuesday, February 25th. Finally, Mizuho increased their price objective on shares of USA Compression Partners from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $26.00.
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USA Compression Partners Profile
(
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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