GraniteShares Advisors LLC Decreases Position in USA Compression Partners LP (NYSE:USAC)

GraniteShares Advisors LLC cut its stake in USA Compression Partners LP (NYSE:USAC) by 14.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 62,132 shares of the oil and gas company’s stock after selling 10,444 shares during the quarter. GraniteShares Advisors LLC’s holdings in USA Compression Partners were worth $1,418,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Invesco Ltd. increased its holdings in shares of USA Compression Partners by 0.3% during the 1st quarter. Invesco Ltd. now owns 17,488,613 shares of the oil and gas company’s stock worth $307,975,000 after buying an additional 50,981 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of USA Compression Partners by 42.9% in the third quarter. JPMorgan Chase & Co. now owns 1,385,189 shares of the oil and gas company’s stock worth $33,051,000 after acquiring an additional 415,956 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of USA Compression Partners by 4.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 713,102 shares of the oil and gas company’s stock worth $17,015,000 after acquiring an additional 28,875 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in shares of USA Compression Partners by 1.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 463,298 shares of the oil and gas company’s stock worth $10,577,000 after acquiring an additional 8,659 shares in the last quarter. Finally, UBS Group AG grew its stake in shares of USA Compression Partners by 38.1% in the first quarter. UBS Group AG now owns 329,466 shares of the oil and gas company’s stock worth $6,962,000 after acquiring an additional 90,900 shares in the last quarter. 47.77% of the stock is owned by hedge funds and other institutional investors.

USA Compression Partners Price Performance

Shares of USA Compression Partners stock traded down $0.09 during trading on Tuesday, hitting $24.99. 930,724 shares of the stock were exchanged, compared to its average volume of 407,090. USA Compression Partners LP has a 12-month low of $18.48 and a 12-month high of $28.47. The stock has a market cap of $2.57 billion, a price-to-earnings ratio of 120.24 and a beta of 1.30. The firm’s 50-day moving average price is $25.91 and its 200 day moving average price is $25.19.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). USA Compression Partners had a net margin of 8.07% and a negative return on equity of 31.81%. The company had revenue of $225.05 million during the quarter, compared to analysts’ expectations of $221.50 million. During the same period last year, the firm earned ($0.04) earnings per share. As a group, research analysts forecast that USA Compression Partners LP will post 0.57 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Monday, April 22nd will be given a $0.525 dividend. The ex-dividend date is Friday, April 19th. This represents a $2.10 dividend on an annualized basis and a yield of 8.40%. USA Compression Partners’s dividend payout ratio (DPR) is presently 1,000.05%.

Insider Activity at USA Compression Partners

In other news, insider Eric D. Long sold 34,866 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $24.54, for a total value of $855,611.64. Following the completion of the sale, the insider now directly owns 469,019 shares of the company’s stock, valued at $11,509,726.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, major shareholder Veteran Equity Aggregator Eig sold 1,681,689 shares of the business’s stock in a transaction dated Wednesday, January 24th. The shares were sold at an average price of $25.10, for a total transaction of $42,210,393.90. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eric D. Long sold 34,866 shares of the business’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $24.54, for a total transaction of $855,611.64. Following the transaction, the insider now owns 469,019 shares in the company, valued at $11,509,726.26. The disclosure for this sale can be found here. Insiders sold a total of 7,755,566 shares of company stock valued at $194,685,337 over the last ninety days.

Analyst Ratings Changes

Several research firms have commented on USAC. Raymond James boosted their price target on shares of USA Compression Partners from $28.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday. Mizuho boosted their price target on shares of USA Compression Partners from $22.00 to $23.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 14th. Finally, StockNews.com cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $24.75.

USA Compression Partners Profile

USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.