GraniteShares Advisors LLC Acquires 7,216 Shares of USA Compression Partners LP (NYSE:USAC)

GraniteShares Advisors LLC lifted its holdings in USA Compression Partners LP (NYSE:USAC) by 7.4% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 104,333 shares of the oil and gas company’s stock after buying an additional 7,216 shares during the period. GraniteShares Advisors LLC’s holdings in USA Compression Partners were worth $2,458,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Truist Financial Corp purchased a new position in shares of USA Compression Partners during the 4th quarter worth about $2,428,000. Infrastructure Capital Advisors LLC boosted its stake in shares of USA Compression Partners by 14.9% during the 3rd quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock worth $4,497,000 after purchasing an additional 25,439 shares during the period. Strategic Financial Concepts LLC purchased a new position in shares of USA Compression Partners during the 4th quarter worth about $333,000. Americana Partners LLC purchased a new position in shares of USA Compression Partners during the 3rd quarter worth about $322,000. Finally, Chicago Partners Investment Group LLC boosted its stake in shares of USA Compression Partners by 20.7% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 75,770 shares of the oil and gas company’s stock worth $1,663,000 after purchasing an additional 12,978 shares during the period. 47.77% of the stock is currently owned by institutional investors.

USA Compression Partners Stock Performance

NYSE:USAC opened at $27.29 on Wednesday. USA Compression Partners LP has a one year low of $21.06 and a one year high of $30.10. The firm has a market cap of $3.21 billion, a P/E ratio of 37.38 and a beta of 1.34. The firm has a 50-day simple moving average of $25.61 and a 200-day simple moving average of $23.70.

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

USA Compression Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were issued a $0.525 dividend. The ex-dividend date of this dividend was Monday, January 27th. This represents a $2.10 annualized dividend and a dividend yield of 7.69%. USA Compression Partners’s dividend payout ratio is currently 287.67%.

Analyst Ratings Changes

USAC has been the subject of a number of recent analyst reports. Citigroup lifted their price target on shares of USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 price target on shares of USA Compression Partners in a research note on Friday, November 22nd. Finally, Mizuho lifted their price target on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $27.50.

USA Compression Partners Company 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.