11,637 Shares in Archrock, Inc. (NYSE:AROC) Acquired by Callan Family Office LLC

Callan Family Office LLC bought a new position in shares of Archrock, Inc. (NYSE:AROC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 11,637 shares of the energy company’s stock, valued at approximately $290,000.

Other hedge funds have also recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new stake in Archrock during the 3rd quarter worth approximately $28,000. Wolverine Asset Management LLC raised its holdings in Archrock by 111.8% during the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock worth $37,000 after buying an additional 14,200 shares during the period. Continuum Advisory LLC raised its holdings in Archrock by 5,621.6% during the 3rd quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock worth $43,000 after buying an additional 2,080 shares during the period. Montag A & Associates Inc. acquired a new stake in Archrock during the 4th quarter worth approximately $55,000. Finally, Millburn Ridgefield Corp acquired a new stake in shares of Archrock in the third quarter valued at approximately $50,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Archrock Price Performance

Shares of AROC opened at $22.74 on Tuesday. The company has a market cap of $3.99 billion, a price-to-earnings ratio of 24.99, a PEG ratio of 1.60 and a beta of 1.56. Archrock, Inc. has a 1-year low of $17.26 and a 1-year high of $30.44. The company’s fifty day simple moving average is $27.24 and its 200 day simple moving average is $23.99. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73.

Archrock Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.34%. This is an increase from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. Archrock’s payout ratio is presently 73.08%.

About Archrock

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.