Corient Private Wealth LLC Acquires 37,232 Shares of USA Compression Partners LP (NYSE:USAC)

Corient Private Wealth LLC raised its holdings in USA Compression Partners LP (NYSE:USAC) by 28.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,887 shares of the oil and gas company’s stock after purchasing an additional 37,232 shares during the quarter. Corient Private Wealth LLC owned 0.14% of USA Compression Partners worth $3,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Mallini Complete Financial Planning LLC bought a new position in USA Compression Partners in the 4th quarter valued at $2,176,000. HighTower Advisors LLC grew its stake in USA Compression Partners by 94.8% in the 4th quarter. HighTower Advisors LLC now owns 34,935 shares of the oil and gas company’s stock valued at $823,000 after purchasing an additional 17,005 shares during the period. Objectivity Squared LLC grew its stake in USA Compression Partners by 2.4% in the 4th quarter. Objectivity Squared LLC now owns 211,813 shares of the oil and gas company’s stock valued at $5,048,000 after purchasing an additional 4,970 shares during the period. Raymond James Financial Inc. bought a new position in USA Compression Partners in the 4th quarter valued at $13,905,000. Finally, TSA Wealth Managment LLC bought a new position in USA Compression Partners in the 4th quarter valued at $205,000. Institutional investors own 47.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upped their price objective 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. Mizuho upped their price target on USA Compression Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. Finally, Citigroup upped their price target on USA Compression Partners from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, USA Compression Partners presently has an average rating of “Hold” and a consensus price target of $26.80.

USA Compression Partners Stock Performance

Shares of USAC opened at $27.23 on Friday. The stock’s 50-day simple moving average is $26.73 and its 200 day simple moving average is $24.22. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 37.30 and a beta of 1.31. USA Compression Partners LP has a 52-week low of $21.06 and a 52-week high of $30.10.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data 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, research analysts forecast that USA Compression Partners LP will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were issued 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 7.71%. USA Compression Partners’s dividend payout ratio (DPR) is 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.