Raymond James Financial Inc. Buys New Position in USA Compression Partners LP (NYSE:USAC)

Raymond James Financial Inc. purchased a new position in USA Compression Partners LP (NYSE:USAC) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 590,214 shares of the oil and gas company’s stock, valued at approximately $13,905,000. Raymond James Financial Inc. owned 0.50% of USA Compression Partners at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of USAC. Invesco Ltd. lifted its position in USA Compression Partners by 0.9% during the fourth quarter. Invesco Ltd. now owns 12,274,451 shares of the oil and gas company’s stock valued at $289,186,000 after purchasing an additional 107,058 shares in the last quarter. Truist Financial Corp purchased a new position in shares of USA Compression Partners during the 4th quarter valued at about $2,428,000. Mallini Complete Financial Planning LLC bought a new position in shares of USA Compression Partners during the 4th quarter valued at approximately $2,176,000. Corient Private Wealth LLC increased its holdings in USA Compression Partners by 28.9% in the 4th quarter. Corient Private Wealth LLC now owns 165,887 shares of the oil and gas company’s stock worth $3,908,000 after acquiring an additional 37,232 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in USA Compression Partners by 94.8% during the 4th quarter. HighTower Advisors LLC now owns 34,935 shares of the oil and gas company’s stock worth $823,000 after acquiring an additional 17,005 shares during the period. Hedge funds and other institutional investors own 47.77% of the company’s stock.

Analysts Set New Price Targets

USAC has been the subject of a number of analyst reports. JPMorgan Chase & Co. increased their price objective on shares of USA Compression Partners from $23.00 to $24.00 and gave the stock an “underweight” rating in a research note on Tuesday, March 11th. Citigroup increased their target price on USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 25th. Finally, Mizuho increased their price objective on shares of USA Compression Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.00.

USA Compression Partners Stock Down 2.2 %

USA Compression Partners stock opened at $24.67 on Tuesday. USA Compression Partners LP has a 52-week low of $21.06 and a 52-week high of $30.10. The company has a market cap of $2.90 billion, a price-to-earnings ratio of 33.79 and a beta of 0.84. The firm’s fifty day moving average is $26.11 and its 200 day moving average is $24.64.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings data on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.06). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. On average, equities research analysts anticipate that USA Compression Partners LP will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 9th. Stockholders of record on Monday, April 28th will be given a dividend of $0.525 per share. The ex-dividend date is Monday, April 28th. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.51%. USA Compression Partners’s dividend payout ratio (DPR) is 287.67%.

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.