Exchange Traded Concepts LLC Has $2.14 Million Position in USA Compression Partners LP (NYSE:USAC)

Exchange Traded Concepts LLC raised its holdings in USA Compression Partners LP (NYSE:USAC) by 12.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 93,523 shares of the oil and gas company’s stock after purchasing an additional 10,592 shares during the quarter. Exchange Traded Concepts LLC owned 0.08% of USA Compression Partners worth $2,144,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the business. Sunbelt Securities Inc. boosted its holdings in shares of USA Compression Partners by 12.2% in the 2nd quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock valued at $105,000 after purchasing an additional 485 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of USA Compression Partners in the 4th quarter valued at $46,000. Objectivity Squared LLC boosted its holdings in shares of USA Compression Partners by 2.1% in the 2nd quarter. Objectivity Squared LLC now owns 202,199 shares of the oil and gas company’s stock valued at $4,986,000 after purchasing an additional 4,228 shares in the last quarter. F&V Capital Management LLC acquired a new stake in shares of USA Compression Partners in the 1st quarter valued at $209,000. Finally, CFM Wealth Partners LLC boosted its holdings in shares of USA Compression Partners by 12.1% in the 2nd quarter. CFM Wealth Partners LLC now owns 75,796 shares of the oil and gas company’s stock valued at $1,799,000 after purchasing an additional 8,203 shares in the last quarter. Institutional investors and hedge funds own 47.77% of the company’s stock.

USA Compression Partners Stock Performance

NYSE:USAC opened at $22.94 on Tuesday. 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 simple moving average of $22.40 and a two-hundred day simple moving average of $23.66. The company has a market capitalization of $2.36 billion, a PE ratio of 55.95 and a beta of 1.32.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported $0.21 EPS for the quarter, beating the consensus estimate of $0.17 by $0.04. The company had revenue of $235.31 million for the quarter, compared to analyst estimates of $232.86 million. USA Compression Partners had a negative return on equity of 40.62% and a net margin of 9.77%. Research analysts predict that USA Compression Partners LP will post 0.82 EPS for the current year.

USA Compression Partners Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Monday, October 21st will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 9.15%. The ex-dividend date is Monday, October 21st. USA Compression Partners’s dividend payout ratio (DPR) is 512.20%.

Insider Activity

In related news, insider Eric D. Long sold 21,396 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $22.27, for a total transaction of $476,488.92. Following the transaction, the insider now directly owns 1,786 shares of the company’s stock, valued at $39,774.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Eric D. Long sold 21,396 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $22.27, for a total transaction of $476,488.92. Following the transaction, the insider now owns 1,786 shares in the company, valued at approximately $39,774.22. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric D. Long sold 1,786 shares of the firm’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $22.81, for a total value of $40,738.66. Following the completion of the sale, the insider now owns 307,026 shares of the company’s stock, valued at approximately $7,003,263.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here.

Analyst Ratings Changes

A number of research analysts have recently commented on USAC shares. StockNews.com cut USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Thursday, July 11th. Mizuho cut their price target on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $26.00 price objective on shares of USA Compression Partners in a research note on Thursday, September 12th. Finally, Citigroup started coverage on shares of USA Compression Partners in a research report on Friday, September 27th. They set a “neutral” rating and a $23.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.40.

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.