Doheny Asset Management CA purchased a new position in Archrock Inc (NYSE:AROC) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 158,525 shares of the energy company’s stock, valued at approximately $1,680,000. Archrock accounts for 1.4% of Doheny Asset Management CA’s holdings, making the stock its 29th largest position. Doheny Asset Management CA owned approximately 0.12% of Archrock as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Dimensional Fund Advisors LP grew its holdings in shares of Archrock by 7.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,137,987 shares of the energy company’s stock worth $60,955,000 after purchasing an additional 562,836 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Archrock by 202.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 29,189 shares of the energy company’s stock worth $285,000 after purchasing an additional 19,528 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Archrock during the 1st quarter worth approximately $607,000. Rhumbline Advisers grew its holdings in shares of Archrock by 1.7% during the 1st quarter. Rhumbline Advisers now owns 386,680 shares of the energy company’s stock worth $3,782,000 after purchasing an additional 6,331 shares in the last quarter. Finally, Comerica Bank grew its holdings in shares of Archrock by 2.1% during the 1st quarter. Comerica Bank now owns 128,898 shares of the energy company’s stock worth $1,325,000 after purchasing an additional 2,651 shares in the last quarter. 93.76% of the stock is currently owned by institutional investors.

Shares of AROC stock opened at $10.69 on Friday. The stock’s fifty day simple moving average is $9.65 and its 200 day simple moving average is $9.85. The company has a debt-to-equity ratio of 1.98, a current ratio of 1.52 and a quick ratio of 1.03. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 22.27 and a beta of 2.79. Archrock Inc has a one year low of $7.26 and a one year high of $12.79.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Monday, July 29th. The energy company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.04). The company had revenue of $238.39 million during the quarter, compared to analyst estimates of $249.35 million. Archrock had a net margin of 5.73% and a return on equity of 6.96%. Archrock’s quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 EPS. On average, research analysts anticipate that Archrock Inc will post 0.56 earnings per share for the current year.

Several analysts have recently weighed in on AROC shares. B. Riley set a $17.00 price objective on Archrock and gave the stock a “buy” rating in a report on Tuesday, June 11th. Zacks Investment Research lowered Archrock from a “hold” rating to a “sell” rating in a research note on Tuesday, August 6th.

In related news, CFO Doug S. Aron purchased 10,550 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average price of $8.20 per share, with a total value of $86,510.00. Following the purchase, the chief financial officer now directly owns 132,589 shares in the company, valued at $1,087,229.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider D Bradley Childers purchased 12,050 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average cost of $8.19 per share, for a total transaction of $98,689.50. The disclosure for this purchase can be found here. 1.99% of the stock is owned by insiders.

Archrock Company Profile

Archrock, Inc engages in the provision of operations, maintenance, service, and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services segments. The Contract Operations segment is comprised of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.

See Also: Earnings Per Share (EPS)

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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