Sunbelt Securities Inc. Increases Stake in USA Compression Partners LP (NYSE:USAC)

Sunbelt Securities Inc. raised its holdings in shares of USA Compression Partners LP (NYSE:USAC) by 16.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,175 shares of the oil and gas company’s stock after buying an additional 730 shares during the quarter. Sunbelt Securities Inc.’s holdings in USA Compression Partners were worth $119,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Seelaus Asset Management LLC boosted its position in USA Compression Partners by 4.6% during the third 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 last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of USA Compression Partners by 0.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company’s stock worth $4,848,000 after purchasing an additional 833 shares during the last quarter. Allworth Financial LP grew its position in shares of USA Compression Partners by 3,054.8% in the third quarter. Allworth Financial LP now owns 1,325 shares of the oil and gas company’s stock valued at $30,000 after purchasing an additional 1,283 shares in the last quarter. Hodges Capital Management Inc. grew its holdings in shares of USA Compression Partners by 9.0% in 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 period. Finally, GSA Capital Partners LLP increased its position in USA Compression Partners by 2.7% during the third quarter. GSA Capital Partners LLP now owns 92,955 shares of the oil and gas company’s stock worth $2,131,000 after purchasing an additional 2,425 shares during the last quarter. 47.77% of the stock is currently owned by institutional investors and hedge funds.

USA Compression Partners Stock Performance

NYSE:USAC opened at $22.82 on Friday. The stock has a market capitalization of $2.67 billion, a P/E ratio of 40.04 and a beta of 1.34. USA Compression Partners LP has a fifty-two week low of $21.06 and a fifty-two week high of $28.47. The company has a 50 day moving average price of $22.90 and a 200 day moving average price of $23.00.

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

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Shareholders of record on Monday, October 21st were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 9.20%. USA Compression Partners’s dividend payout ratio (DPR) is presently 368.43%.

Analyst Ratings Changes

Several analysts have recently weighed in on USAC shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $27.00 price target on shares of USA Compression Partners in a research note on Friday, November 22nd. Mizuho lowered their price objective on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Finally, Citigroup initiated coverage on USA Compression Partners in a research report on Friday, September 27th. They issued a “neutral” rating and a $23.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, USA Compression Partners currently has a consensus rating of “Hold” and a consensus price target of $26.00.

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.