HighTower Advisors LLC Acquires 17,005 Shares of USA Compression Partners LP (NYSE:USAC)

HighTower Advisors LLC lifted its stake in USA Compression Partners LP (NYSE:USAC) by 94.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,935 shares of the oil and gas company’s stock after purchasing an additional 17,005 shares during the quarter. HighTower Advisors LLC’s holdings in USA Compression Partners were worth $823,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of USAC. Sunbelt Securities Inc. increased its holdings in USA Compression Partners by 16.4% in the 3rd quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock valued at $119,000 after buying an additional 730 shares during the period. TSA Wealth Managment LLC acquired a new stake in shares of USA Compression Partners during the 4th quarter worth approximately $205,000. SVB Wealth LLC bought a new position in USA Compression Partners in the fourth quarter valued at approximately $207,000. Stifel Financial Corp acquired a new position in USA Compression Partners during the third quarter valued at approximately $210,000. Finally, Sanctuary Advisors LLC lifted its stake in USA Compression Partners by 9.2% during the third quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company’s stock worth $215,000 after purchasing an additional 766 shares during the last quarter. 47.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on USAC shares. JPMorgan Chase & Co. boosted their price target on USA Compression Partners from $23.00 to $24.00 and gave the stock an “underweight” rating in a report on Tuesday, March 11th. Mizuho lifted their target price 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 increased their target price on shares of USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a 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 issued a buy rating to the company’s stock. Based on data from MarketBeat.com, USA Compression Partners currently has an average rating of “Hold” and an average price target of $26.80.

USA Compression Partners Stock Up 0.2 %

Shares of USAC opened at $26.94 on Friday. The stock has a market cap of $3.17 billion, a PE ratio of 36.91 and a beta of 1.31. 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 $26.91 and a two-hundred day simple moving average of $24.35.

USA Compression Partners (NYSE:USAC) last released its quarterly earnings data 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 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 year.

USA Compression Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 7.79%. The ex-dividend date of this dividend was Monday, January 27th. USA Compression Partners’s dividend payout ratio (DPR) is currently 287.67%.

About USA Compression Partners

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.