Jane Street Group LLC Acquires 91,499 Shares of USA Compression Partners LP (NYSE:USAC)

Jane Street Group LLC boosted its holdings in shares of USA Compression Partners LP (NYSE:USAC) by 236.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,270 shares of the oil and gas company’s stock after buying an additional 91,499 shares during the quarter. Jane Street Group LLC owned approximately 0.11% of USA Compression Partners worth $3,069,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC bought a new stake in USA Compression Partners during the 4th quarter worth approximately $919,000. Stifel Financial Corp raised its position in shares of USA Compression Partners by 20.8% during the fourth quarter. Stifel Financial Corp now owns 11,080 shares of the oil and gas company’s stock valued at $261,000 after buying an additional 1,905 shares during the last quarter. Tradition Wealth Management LLC purchased a new position in shares of USA Compression Partners in the fourth quarter worth $207,000. Transce3nd LLC bought a new position in shares of USA Compression Partners during the fourth quarter worth $1,036,000. Finally, XTX Topco Ltd purchased a new position in USA Compression Partners during the fourth quarter valued at $577,000. 47.77% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at USA Compression Partners

In other news, Director Bradford D. Whitehurst acquired 10,000 shares of the business’s stock in a transaction dated Thursday, May 8th. The shares were purchased at an average price of $23.50 per share, with a total value of $235,000.00. Following the transaction, the director now directly owns 23,616 shares in the company, valued at approximately $554,976. This represents a 73.44% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

USA Compression Partners Price Performance

Shares of NYSE:USAC opened at $24.52 on Wednesday. The firm has a market capitalization of $2.88 billion, a PE ratio of 33.59 and a beta of 0.53. The business has a 50 day simple moving average of $25.20 and a two-hundred day simple moving average of $24.84. USA Compression Partners LP has a 1 year low of $21.06 and a 1 year high of $30.10.

USA Compression Partners (NYSE:USAC) last posted its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.04). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. The business had revenue of $245.23 million for the quarter, compared to analysts’ expectations of $244.79 million. Equities research analysts expect that USA Compression Partners LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 9th. Shareholders of record on Monday, April 28th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, April 28th. This represents a $2.10 dividend on an annualized basis and a yield of 8.56%. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51. USA Compression Partners’s dividend payout ratio is currently 308.82%.

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.