USA Compression Partners LP (NYSE:USAC) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC decreased its position in USA Compression Partners LP (NYSE:USAC) by 7.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,880 shares of the oil and gas company’s stock after selling 6,643 shares during the quarter. Exchange Traded Concepts LLC owned about 0.07% of USA Compression Partners worth $2,047,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sanctuary Advisors LLC lifted 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 valued at $215,000 after buying an additional 766 shares during the period. Stifel Financial Corp purchased a new stake in shares of USA Compression Partners during the third quarter valued at $210,000. Infrastructure Capital Advisors LLC lifted its holdings in shares of USA Compression Partners by 14.9% during the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock valued at $4,497,000 after purchasing an additional 25,439 shares during the last quarter. Spring Capital Management LLC purchased a new stake in shares of USA Compression Partners during the fourth quarter valued at $283,000. Finally, Hodges Capital Management Inc. lifted its holdings in shares of USA Compression Partners by 9.0% during the third quarter. Hodges Capital Management Inc. now owns 24,306 shares of the oil and gas company’s stock valued at $557,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 47.77% of the company’s stock.

USA Compression Partners Trading Up 2.7 %

Shares of NYSE USAC opened at $26.29 on Monday. USA Compression Partners LP has a one year low of $21.06 and a one year high of $28.47. The firm has a market capitalization of $3.08 billion, a PE ratio of 46.13 and a beta of 1.34. The business has a 50-day moving average price of $23.76 and a two-hundred day moving average price of $23.01.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). USA Compression Partners had a negative return on equity of 47.53% and a net margin of 9.36%. The business had revenue of $239.97 million for the quarter, compared to analyst estimates of $238.37 million. During the same quarter in the previous year, the business posted $0.09 earnings per share. Research analysts anticipate that USA Compression Partners LP will post 0.8 EPS for the current year.

USA Compression Partners Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 7th. Stockholders of record on Monday, January 27th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.99%. The ex-dividend date of this dividend is Monday, January 27th. USA Compression Partners’s dividend payout ratio (DPR) is presently 368.42%.

Analyst Ratings Changes

USAC has been the subject of several analyst reports. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 target price on shares of USA Compression Partners in a report on Friday, November 22nd. Mizuho reduced their target price on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, USA Compression Partners has an average rating of “Hold” and a consensus target price of $26.00.

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.