USA Compression Partners LP (NYSE:USAC) Shares Sold by ING Groep NV

ING Groep NV reduced its position in shares of USA Compression Partners LP (NYSE:USAC) by 27.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,000 shares of the oil and gas company’s stock after selling 30,000 shares during the period. ING Groep NV owned 0.07% of USA Compression Partners worth $1,885,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Seelaus Asset Management LLC grew its stake in USA Compression Partners by 4.6% in the 3rd quarter. Seelaus Asset Management LLC now owns 11,278 shares of the oil and gas company’s stock worth $258,000 after acquiring an additional 500 shares during the period. Sunbelt Securities Inc. boosted its holdings in shares of USA Compression Partners by 16.4% during the third quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock worth $119,000 after purchasing an additional 730 shares during the last quarter. Sanctuary Advisors LLC grew its position 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 valued at $215,000 after purchasing an additional 766 shares during the period. Rockefeller Capital Management L.P. increased its stake in USA Compression Partners by 0.4% in the third quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company’s stock valued at $4,848,000 after purchasing an additional 833 shares during the last quarter. Finally, World Investment Advisors LLC lifted its position in USA Compression Partners by 9.0% during the third quarter. World Investment Advisors LLC now owns 11,720 shares of the oil and gas company’s stock worth $269,000 after buying an additional 970 shares during the period. Institutional investors and hedge funds own 47.77% of the company’s stock.

USA Compression Partners Price Performance

NYSE USAC opened at $27.94 on Monday. USA Compression Partners LP has a 1-year low of $21.06 and a 1-year high of $30.10. The firm has a market capitalization of $3.28 billion, a P/E ratio of 38.27 and a beta of 1.34. The business’s 50-day simple moving average is $25.41 and its 200-day simple moving average is $23.61.

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

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors 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 dividend on an annualized basis and a yield of 7.52%. USA Compression Partners’s dividend payout ratio (DPR) is 287.67%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on USAC. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 price objective on shares of USA Compression Partners in a research note on Friday, November 22nd. Mizuho upped their price target on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.50.

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.