Mariner LLC Acquires 1,283 Shares of Archrock, Inc. (NYSE:AROC)

Mariner LLC boosted its holdings in Archrock, Inc. (NYSE:AROC) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,078 shares of the energy company’s stock after acquiring an additional 1,283 shares during the quarter. Mariner LLC’s holdings in Archrock were worth $774,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Barclays PLC grew its stake in Archrock by 124.2% during the third quarter. Barclays PLC now owns 302,610 shares of the energy company’s stock worth $6,125,000 after buying an additional 167,648 shares during the last quarter. Franklin Resources Inc. grew its stake in Archrock by 5.9% during the third quarter. Franklin Resources Inc. now owns 94,756 shares of the energy company’s stock worth $2,020,000 after buying an additional 5,295 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its stake in Archrock by 0.9% during the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company’s stock worth $1,025,000 after buying an additional 427 shares during the last quarter. Principal Financial Group Inc. grew its stake in Archrock by 24.4% during the third quarter. Principal Financial Group Inc. now owns 853,295 shares of the energy company’s stock worth $17,271,000 after buying an additional 167,510 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in Archrock by 94.5% during the third quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company’s stock worth $8,549,000 after buying an additional 205,241 shares during the last quarter. Institutional investors own 95.45% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup upped their price objective on shares of Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $26.67.

Archrock Trading Up 1.4 %

Shares of NYSE AROC opened at $24.74 on Tuesday. The company’s 50 day simple moving average is $24.76 and its 200 day simple moving average is $25.06. Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.44. The firm has a market capitalization of $4.34 billion, a P/E ratio of 27.19, a P/E/G ratio of 1.60 and a beta of 1.25. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82.

Archrock Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 13th. Investors of record on Tuesday, May 6th will be issued a $0.19 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.76 annualized dividend and a yield of 3.07%. Archrock’s dividend payout ratio is currently 73.08%.

Archrock Profile

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.