Pinnacle Wealth Planning Services Inc. Has $279,000 Stock Position in Archrock, Inc. (NYSE:AROC)

Pinnacle Wealth Planning Services Inc. decreased its holdings in shares of Archrock, Inc. (NYSE:AROC) by 22.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 11,192 shares of the energy company’s stock after selling 3,186 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in Archrock were worth $279,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AROC. Wealth Enhancement Advisory Services LLC increased its stake in shares of Archrock by 51.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,267 shares of the energy company’s stock worth $349,000 after purchasing an additional 5,894 shares during the last quarter. Van ECK Associates Corp boosted its holdings in shares of Archrock by 93.5% during the 3rd quarter. Van ECK Associates Corp now owns 68,251 shares of the energy company’s stock worth $1,383,000 after buying an additional 32,971 shares during the period. Amalgamated Bank boosted its holdings in shares of Archrock by 17.7% during the 3rd quarter. Amalgamated Bank now owns 49,513 shares of the energy company’s stock worth $1,002,000 after buying an additional 7,437 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Archrock by 24.4% during the 3rd quarter. Principal Financial Group Inc. now owns 853,295 shares of the energy company’s stock worth $17,271,000 after buying an additional 167,510 shares during the period. Finally, Atria Investments Inc boosted its holdings in shares of Archrock by 2.3% during the 3rd quarter. Atria Investments Inc now owns 32,648 shares of the energy company’s stock worth $661,000 after buying an additional 746 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Price Performance

Shares of Archrock stock opened at $23.71 on Friday. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. Archrock, Inc. has a fifty-two week low of $17.26 and a fifty-two week high of $30.44. The firm has a fifty day moving average price of $27.28 and a two-hundred day moving average price of $23.90. The company has a market cap of $4.16 billion, a PE ratio of 26.05, a price-to-earnings-growth ratio of 1.60 and a beta of 1.56.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were issued a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is an increase from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a yield of 3.21%. Archrock’s dividend payout ratio is 73.08%.

Analyst Ratings Changes

Several analysts recently issued reports on AROC shares. JPMorgan Chase & Co. upped their price objective on shares of Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a report on Friday, November 29th. Royal Bank of Canada upped their price objective on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $25.17.

Archrock Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.