Archrock, Inc. (NYSE:AROC) Shares Sold by Semanteon Capital Management LP

Semanteon Capital Management LP decreased its holdings in shares of Archrock, Inc. (NYSE:AROC) by 3.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 58,489 shares of the energy company’s stock after selling 2,103 shares during the period. Archrock makes up about 0.8% of Semanteon Capital Management LP’s holdings, making the stock its 24th biggest position. Semanteon Capital Management LP’s holdings in Archrock were worth $1,184,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in AROC. Cavalier Investments LLC purchased a new stake in shares of Archrock during the 3rd quarter worth approximately $634,000. State of Alaska Department of Revenue boosted its stake in shares of Archrock by 19.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 96,405 shares of the energy company’s stock worth $1,951,000 after acquiring an additional 15,657 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Archrock by 51.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 17,267 shares of the energy company’s stock worth $349,000 after acquiring an additional 5,894 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Archrock by 18.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 81,700 shares of the energy company’s stock worth $1,654,000 after acquiring an additional 12,500 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Archrock during the 3rd quarter worth approximately $11,230,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Price Performance

Shares of NYSE AROC traded down $0.22 during mid-day trading on Monday, reaching $20.15. 33,989 shares of the company traded hands, compared to its average volume of 1,430,113. Archrock, Inc. has a fifty-two week low of $12.41 and a fifty-two week high of $23.44. The company has a debt-to-equity ratio of 1.80, a current ratio of 1.53 and a quick ratio of 0.94. The firm has a market cap of $3.40 billion, a PE ratio of 22.89 and a beta of 1.51. The stock has a fifty day simple moving average of $20.27 and a 200-day simple moving average of $20.12.

Archrock (NYSE:AROC) last posted its quarterly earnings results on Tuesday, July 30th. The energy company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The firm had revenue of $270.53 million for the quarter, compared to analyst estimates of $270.61 million. Archrock had a net margin of 13.20% and a return on equity of 16.35%. Equities research analysts anticipate that Archrock, Inc. will post 1.13 EPS for the current fiscal year.

Archrock Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Wednesday, November 6th. Archrock’s payout ratio is 74.16%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AROC. Stifel Nicolaus upped their target price on Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Royal Bank of Canada upped their target price on Archrock from $22.00 to $26.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Citigroup began coverage on Archrock in a research note on Friday, September 27th. They issued a “buy” rating and a $24.00 target price on the stock. Mizuho assumed coverage on Archrock in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 target price on the stock. Finally, JPMorgan Chase & Co. assumed coverage on Archrock in a research note on Friday, September 6th. They set an “overweight” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.50.

Archrock Profile

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.