Wells Fargo & Company MN cut its holdings in shares of Archrock Partners, L.P. (NASDAQ:APLP) by 52.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,446 shares of the energy company’s stock after selling 78,106 shares during the quarter. Wells Fargo & Company MN owned about 0.11% of Archrock Partners, L.P. worth $1,050,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Texas Yale Capital Corp. lifted its holdings in shares of Archrock Partners, L.P. by 52.9% during the second quarter. Texas Yale Capital Corp. now owns 18,565 shares of the energy company’s stock worth $277,000 after buying an additional 6,425 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of Archrock Partners, L.P. during the second quarter valued at approximately $719,000. JPMorgan Chase & Co. increased its position in shares of Archrock Partners, L.P. by 0.8% during the first quarter. JPMorgan Chase & Co. now owns 108,233 shares of the energy company’s stock valued at $1,857,000 after purchasing an additional 840 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of Archrock Partners, L.P. by 5.9% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 481,055 shares of the energy company’s stock valued at $7,173,000 after purchasing an additional 26,637 shares during the period. Finally, Atlantic Trust Group LLC increased its position in shares of Archrock Partners, L.P. by 20.3% during the second quarter. Atlantic Trust Group LLC now owns 744,798 shares of the energy company’s stock valued at $11,105,000 after purchasing an additional 125,919 shares during the period. Institutional investors own 41.14% of the company’s stock.

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Shares of Archrock Partners, L.P. (APLP) opened at $13.22 on Friday. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a market cap of $908.21 million, a price-to-earnings ratio of 39.21, a price-to-earnings-growth ratio of 1.74 and a beta of 2.29.

Archrock Partners, L.P. (NASDAQ:APLP) last posted its quarterly earnings results on Thursday, November 2nd. The energy company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.13). Archrock Partners, L.P. had a negative net margin of 3.10% and a positive return on equity of 4.37%. The business had revenue of $140.19 million during the quarter, compared to analysts’ expectations of $141.37 million. During the same quarter in the previous year, the business posted $0.15 EPS. The company’s quarterly revenue was up 3.5% on a year-over-year basis. equities analysts expect that Archrock Partners, L.P. will post 0.5 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Wednesday, November 8th will be paid a dividend of $0.285 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.62%. Archrock Partners, L.P.’s dividend payout ratio is currently -422.21%.

A number of research firms have recently issued reports on APLP. BidaskClub upgraded Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Zacks Investment Research cut Archrock Partners, L.P. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Royal Bank Of Canada restated a “buy” rating and set a $19.00 price objective on shares of Archrock Partners, L.P. in a research report on Wednesday, September 27th. Finally, Citigroup Inc began coverage on Archrock Partners, L.P. in a research report on Friday, October 13th. They set a “neutral” rating and a $15.50 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. Archrock Partners, L.P. presently has an average rating of “Hold” and an average target price of $17.13.

Archrock Partners, L.P. Company Profile

Archrock Partners, L.P. is engaged in natural gas compression industry in the United States. The Company’s contract operations services include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers.

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Institutional Ownership by Quarter for Archrock Partners, L.P. (NASDAQ:APLP)

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