Archrock, Inc. (AROC) To Go Ex-Dividend on February 10th

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Tuesday, February 10th will be given a dividend of 0.22 per share by the energy company on Wednesday, February 18th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, February 10th. This is a 4.8% increase from Archrock’s previous quarterly dividend of $0.21.

Archrock has increased its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Archrock has a payout ratio of 47.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Archrock to earn $1.37 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 64.2%.

Archrock Stock Up 4.3%

AROC stock opened at $32.07 on Friday. Archrock has a 52 week low of $20.12 and a 52 week high of $32.42. The company has a quick ratio of 1.01, a current ratio of 1.56 and a debt-to-equity ratio of 1.80. The firm has a 50-day simple moving average of $26.63 and a 200-day simple moving average of $25.17. The stock has a market capitalization of $5.62 billion, a P/E ratio of 21.38, a P/E/G ratio of 1.37 and a beta of 0.93.

Insider Activity

In other news, SVP Eric W. Thode sold 40,740 shares of Archrock stock in a transaction on Monday, November 10th. The stock was sold at an average price of $25.10, for a total transaction of $1,022,574.00. Following the transaction, the senior vice president owned 184,216 shares in the company, valued at $4,623,821.60. The trade was a 18.11% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Archrock

Several hedge funds and other institutional investors have recently bought and sold shares of AROC. Royal Bank of Canada boosted its holdings in Archrock by 0.7% in the 1st quarter. Royal Bank of Canada now owns 95,866 shares of the energy company’s stock valued at $2,514,000 after purchasing an additional 667 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Archrock by 217.9% during the 1st quarter. Jones Financial Companies Lllp now owns 1,316 shares of the energy company’s stock valued at $35,000 after buying an additional 902 shares during the period. KLP Kapitalforvaltning AS lifted its holdings in Archrock by 28.0% in the second quarter. KLP Kapitalforvaltning AS now owns 41,600 shares of the energy company’s stock valued at $1,033,000 after acquiring an additional 9,100 shares during the last quarter. Maryland State Retirement & Pension System grew its position in Archrock by 1.7% in the second quarter. Maryland State Retirement & Pension System now owns 51,961 shares of the energy company’s stock worth $1,290,000 after acquiring an additional 887 shares during the period. Finally, Callan Family Office LLC grew its position in Archrock by 28.2% in the second quarter. Callan Family Office LLC now owns 14,918 shares of the energy company’s stock worth $370,000 after acquiring an additional 3,281 shares during the period. 95.45% of the stock is currently owned by institutional investors and hedge funds.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.