Archrock, Inc. (NYSE:AROC) Shares Bought by Catalyst Capital Advisors LLC
Catalyst Capital Advisors LLC raised its stake in Archrock, Inc. (NYSE:AROC) by 13.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 563,838 shares of the energy company’s stock after buying an additional 68,286 shares during the period. Catalyst Capital Advisors LLC’s holdings in Archrock were worth $6,428,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Archrock by 51,362.3% in the first quarter. BlackRock Inc. now owns 9,155,144 shares of the energy company’s stock valued at $113,523,000 after buying an additional 9,137,354 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Archrock by 12.1% in the first quarter. Vanguard Group Inc. now owns 8,047,378 shares of the energy company’s stock valued at $99,787,000 after buying an additional 868,015 shares during the last quarter. State Street Corp increased its position in shares of Archrock by 3.9% in the first quarter. State Street Corp now owns 2,243,750 shares of the energy company’s stock valued at $27,824,000 after buying an additional 83,282 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Archrock by 50.3% in the first quarter. Bank of New York Mellon Corp now owns 1,978,588 shares of the energy company’s stock valued at $24,535,000 after buying an additional 662,512 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Archrock during the fourth quarter valued at approximately $17,843,000. 88.53% of the stock is owned by hedge funds and other institutional investors.
Archrock, Inc. (AROC) opened at 9.35 on Friday. The stock has a 50 day moving average price of $10.96 and a 200 day moving average price of $12.17. Archrock, Inc. has a 1-year low of $9.10 and a 1-year high of $16.40. The firm’s market cap is $663.28 million.
Archrock (NYSE:AROC) last released its earnings results on Tuesday, August 1st. The energy company reported ($0.03) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.08. The company had revenue of $198 million during the quarter, compared to the consensus estimate of $196 million. Archrock had a negative return on equity of 3.44% and a negative net margin of 8.57%. The company’s revenue was up 4.2% compared to the same quarter last year. On average, analysts anticipate that Archrock, Inc. will post ($0.20) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 8th will be given a $0.12 dividend. The ex-dividend date is Friday, August 4th. This represents a $0.48 dividend on an annualized basis and a yield of 5.13%.
Several research analysts have commented on AROC shares. Zacks Investment Research downgraded Archrock from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Royal Bank Of Canada reissued a “hold” rating and set a $13.00 target price on shares of Archrock in a research note on Monday, May 15th. ValuEngine downgraded Archrock from a “hold” rating to a “sell” rating in a research note on Saturday. Scotiabank set a $16.00 target price on Archrock and gave the stock a “hold” rating in a research note on Saturday, May 6th. Finally, BidaskClub downgraded Archrock from a “buy” rating to a “hold” rating in a research note on Friday, August 4th. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The stock has a consensus rating of “Hold” and an average price target of $13.29.
Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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