Dividend Assets Capital LLC Lowers Position in USA Compression Partners LP (NYSE:USAC)

Dividend Assets Capital LLC reduced its stake in USA Compression Partners LP (NYSE:USAC) by 10.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 45,764 shares of the oil and gas company’s stock after selling 5,102 shares during the period. Dividend Assets Capital LLC’s holdings in USA Compression Partners were worth $1,078,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. D.A. Davidson & CO. increased its position in shares of USA Compression Partners by 61.1% during the fourth quarter. D.A. Davidson & CO. now owns 19,628 shares of the oil and gas company’s stock valued at $462,000 after acquiring an additional 7,442 shares during the last quarter. Truist Financial Corp acquired a new stake in USA Compression Partners in the 4th quarter valued at approximately $2,428,000. Strategic Financial Concepts LLC acquired a new stake in USA Compression Partners in the 4th quarter valued at approximately $333,000. Hodges Capital Management Inc. raised its position in USA Compression Partners by 7.5% in the fourth quarter. Hodges Capital Management Inc. now owns 26,121 shares of the oil and gas company’s stock valued at $615,000 after purchasing an additional 1,815 shares during the period. Finally, Chicago Partners Investment Group LLC lifted its stake in USA Compression Partners by 1.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 77,002 shares of the oil and gas company’s stock worth $1,831,000 after purchasing an additional 1,232 shares in the last quarter. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on USAC shares. Mizuho lifted their price objective on USA Compression Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday, February 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $27.00 target price on shares of USA Compression Partners in a research report on Friday, November 22nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $26.50.

USA Compression Partners Price Performance

USAC opened at $27.94 on Friday. USA Compression Partners LP has a 12 month low of $21.06 and a 12 month high of $30.10. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 38.27 and a beta of 1.34. The business has a fifty day moving average price of $25.31 and a 200 day moving average price of $23.55.

USA Compression Partners (NYSE:USAC) last issued its earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share 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, research analysts anticipate that USA Compression Partners LP will post 1.05 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $2.10 annualized dividend and a dividend yield of 7.52%. 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.