USA Compression Partners LP (NYSE:USAC) Shares Sold by Spirit of America Management Corp NY

Spirit of America Management Corp NY decreased its position in shares of USA Compression Partners LP (NYSE:USAC) by 15.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,284 shares of the oil and gas company’s stock after selling 1,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in USA Compression Partners were worth $124,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Rockefeller Capital Management L.P. boosted its holdings in USA Compression Partners by 0.4% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company’s stock valued at $4,848,000 after purchasing an additional 833 shares during the last quarter. Objectivity Squared LLC lifted its holdings in USA Compression Partners by 2.3% in the third quarter. Objectivity Squared LLC now owns 206,843 shares of the oil and gas company’s stock valued at $4,768,000 after acquiring an additional 4,644 shares during the last quarter. Infrastructure Capital Advisors LLC grew its position in USA Compression Partners by 14.9% in the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock worth $4,497,000 after acquiring an additional 25,439 shares during the period. Exchange Traded Concepts LLC grew its position in USA Compression Partners by 12.8% in the third quarter. Exchange Traded Concepts LLC now owns 93,523 shares of the oil and gas company’s stock worth $2,144,000 after acquiring an additional 10,592 shares during the period. Finally, GSA Capital Partners LLP increased its stake in USA Compression Partners by 2.7% during the third quarter. GSA Capital Partners LLP now owns 92,955 shares of the oil and gas company’s stock worth $2,131,000 after acquiring an additional 2,425 shares during the last quarter. Hedge funds and other institutional investors own 47.77% of the company’s stock.

Wall Street Analyst Weigh In

USAC has been the topic of several recent analyst reports. Mizuho upped their price target on USA Compression Partners from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Monday. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $27.00 target price on shares of USA Compression Partners in a research report on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.50.

USA Compression Partners Stock Up 1.0 %

USAC opened at $28.31 on Thursday. USA Compression Partners LP has a 52 week low of $21.06 and a 52 week high of $28.50. The business has a fifty day simple moving average of $24.12 and a 200-day simple moving average of $23.10. The firm has a market cap of $3.31 billion, a P/E ratio of 49.67 and a beta of 1.34.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, November 5th. The oil and gas company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The firm had revenue of $239.97 million for the quarter, compared to analysts’ expectations of $238.37 million. USA Compression Partners had a net margin of 9.36% and a negative return on equity of 47.53%. During the same quarter last year, the business earned $0.09 earnings per share. Sell-side analysts expect that USA Compression Partners LP will post 0.8 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 7th. Investors of record on Monday, January 27th will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date is Monday, January 27th. USA Compression Partners’s dividend payout ratio (DPR) is currently 368.43%.

USA Compression Partners Company 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.