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

Raymond James Financial Services Advisors Inc. increased its holdings in shares of USA Compression Partners LP (NYSE:USAC) by 2.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 473,414 shares of the oil and gas company’s stock after purchasing an additional 10,116 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.46% of USA Compression Partners worth $12,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Creekmur Asset Management LLC purchased a new position in shares of USA Compression Partners during the fourth quarter worth $46,000. JNBA Financial Advisors purchased a new position in shares of USA Compression Partners during the fourth quarter worth $46,000. Tower Research Capital LLC TRC raised its holdings in shares of USA Compression Partners by 914.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,196 shares of the oil and gas company’s stock worth $73,000 after purchasing an additional 2,881 shares during the last quarter. F&V Capital Management LLC purchased a new position in shares of USA Compression Partners during the first quarter worth $209,000. Finally, Atria Wealth Solutions Inc. purchased a new position in shares of USA Compression Partners during the fourth quarter worth $207,000. Hedge funds and other institutional investors own 47.77% of the company’s stock.

USA Compression Partners Stock Down 0.7 %

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

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.02). The company had revenue of $225.05 million during 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 quarter last year, the business earned ($0.04) EPS. On average, analysts anticipate that USA Compression Partners LP will post 0.59 earnings per share for the current 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 paid a $0.525 dividend. This represents a $2.10 annualized dividend 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 is currently 1,000.05%.

Insider Transactions at USA Compression Partners

In other news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $25.12, for a total value of $147,939,140.64. Following the transaction, the insider now directly owns 5,882,528 shares of the company’s stock, valued at $147,769,103.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other USA Compression Partners news, insider Eric D. Long sold 9,329 shares of USA Compression Partners stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $24.50, for a total transaction of $228,560.50. Following the transaction, the insider now directly owns 356,071 shares of the company’s stock, valued at $8,723,739.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of USA Compression Partners stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the transaction, the insider now directly owns 5,882,528 shares in the company, valued at $147,769,103.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,073,877 shares of company stock valued at $152,474,943.

Analyst Ratings Changes

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

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.