Raymond James Financial Services Advisors Inc. Grows Holdings in USA Compression Partners LP (NYSE:USAC)

Raymond James Financial Services Advisors Inc. grew its holdings in shares of USA Compression Partners LP (NYSE:USAC) by 2.2% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 473,414 shares of the oil and gas company’s stock after acquiring an additional 10,116 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in USA Compression Partners were worth $12,626,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in USAC. UBS Group AG raised its position in shares of USA Compression Partners by 107.1% during the 4th quarter. UBS Group AG now owns 542,425 shares of the oil and gas company’s stock valued at $12,384,000 after acquiring an additional 280,491 shares in the last quarter. Objectivity Squared LLC acquired a new stake in shares of USA Compression Partners during the 4th quarter valued at approximately $4,429,000. Wells Fargo & Company MN raised its position in shares of USA Compression Partners by 39.3% during the 4th quarter. Wells Fargo & Company MN now owns 303,469 shares of the oil and gas company’s stock valued at $6,928,000 after acquiring an additional 85,692 shares in the last quarter. Barclays PLC raised its position in shares of USA Compression Partners by 3,008.6% during the 3rd quarter. Barclays PLC now owns 72,618 shares of the oil and gas company’s stock valued at $1,733,000 after acquiring an additional 70,282 shares in the last quarter. Finally, CFM Wealth Partners LLC acquired a new stake in shares of USA Compression Partners during the 4th quarter valued at approximately $1,543,000. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Eric D. Long sold 34,866 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $24.54, for a total transaction of $855,611.64. Following the transaction, the insider now directly owns 469,019 shares of the company’s stock, valued at $11,509,726.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $25.12, for a total value of $147,939,140.64. Following the completion of the transaction, the insider now owns 5,882,528 shares in the company, valued at approximately $147,769,103.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Eric D. Long sold 34,866 shares of the stock in a transaction on Friday, February 16th. The shares were sold at an average price of $24.54, for a total value of $855,611.64. Following the completion of the transaction, the insider now owns 469,019 shares of the company’s stock, valued at approximately $11,509,726.26. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,073,877 shares of company stock valued at $152,474,943.

Analyst Ratings Changes

Several research firms recently issued reports on USAC. Raymond James upped their price target on USA Compression Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a research report on Tuesday, April 16th. StockNews.com lowered USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Mizuho increased their target price on USA Compression Partners from $22.00 to $23.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, USA Compression Partners has a consensus rating of “Hold” and an average target price of $24.75.

USA Compression Partners Stock Down 0.7 %

NYSE USAC traded down $0.17 during trading hours on Friday, hitting $24.35. The company had a trading volume of 302,114 shares, compared to its average volume of 284,268. USA Compression Partners LP has a fifty-two week low of $18.48 and a fifty-two week high of $28.47. The business has a fifty day simple moving average of $26.07 and a 200-day simple moving average of $25.16. The firm has a market cap of $2.51 billion, a P/E ratio of 115.96 and a beta of 1.30.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The business had revenue of $225.05 million for the quarter, compared to analyst estimates of $221.50 million. USA Compression Partners had a net margin of 8.07% and a negative return on equity of 31.81%. During the same period last year, the business posted ($0.04) earnings per share. Equities analysts forecast that USA Compression Partners LP will post 0.59 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 3rd. Stockholders of record on Monday, April 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.62%. The ex-dividend date of this dividend was Friday, April 19th. USA Compression Partners’s dividend payout ratio (DPR) is 1,000.05%.

About USA Compression Partners

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.