Exterran Corp (EXTN) Position Lifted by Algert Global LLC
Algert Global LLC boosted its holdings in shares of Exterran Corp (NYSE:EXTN) by 21.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 132,361 shares of the energy company’s stock after buying an additional 23,475 shares during the period. Exterran makes up 0.8% of Algert Global LLC’s holdings, making the stock its 26th largest position. Algert Global LLC owned approximately 0.37% of Exterran worth $3,512,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Piedmont Investment Advisors LLC acquired a new position in Exterran during the 2nd quarter valued at about $188,000. SG Americas Securities LLC increased its position in Exterran by 138.6% during the 2nd quarter. SG Americas Securities LLC now owns 13,688 shares of the energy company’s stock valued at $343,000 after buying an additional 7,952 shares in the last quarter. Dupont Capital Management Corp increased its position in Exterran by 34.7% during the 2nd quarter. Dupont Capital Management Corp now owns 14,141 shares of the energy company’s stock valued at $354,000 after buying an additional 3,641 shares in the last quarter. Victory Capital Management Inc. increased its position in Exterran by 62.1% during the 3rd quarter. Victory Capital Management Inc. now owns 15,996 shares of the energy company’s stock valued at $424,000 after buying an additional 6,128 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in Exterran during the 2nd quarter valued at about $452,000. 87.81% of the stock is currently owned by institutional investors.
In related news, major shareholder Chai Trust Co Llc bought 648,776 shares of the stock in a transaction dated Wednesday, November 14th. The shares were purchased at an average price of $23.39 per share, for a total transaction of $15,174,870.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Andrew James Way sold 34,517 shares of the company’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $25.49, for a total value of $879,838.33. The disclosure for this sale can be found here. Insiders bought 859,259 shares of company stock worth $19,879,836 over the last three months. Corporate insiders own 2.20% of the company’s stock.
Exterran (NYSE:EXTN) last announced its quarterly earnings data on Monday, November 5th. The energy company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The firm had revenue of $334.85 million during the quarter, compared to analyst estimates of $358.60 million. Exterran had a net margin of 1.28% and a return on equity of 2.01%. Research analysts anticipate that Exterran Corp will post 0.38 EPS for the current year.
A number of research analysts have recently weighed in on the company. ValuEngine lowered Exterran from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Zacks Investment Research raised Exterran from a “sell” rating to a “hold” rating in a report on Tuesday, September 11th.
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Exterran Corporation engages in the compression, production, and processing of products and services for the oil and natural gas industry worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. Its contract operation services include personnel, equipment, tools, materials, and supplies.
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