USA Compression Partners LP (NYSE:USAC) Stock Position Increased by Objectivity Squared LLC

Objectivity Squared LLC raised its stake in shares of USA Compression Partners LP (NYSE:USAC) by 2.4% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,813 shares of the oil and gas company’s stock after purchasing an additional 4,970 shares during the period. USA Compression Partners accounts for approximately 3.5% of Objectivity Squared LLC’s holdings, making the stock its 8th biggest position. Objectivity Squared LLC owned 0.18% of USA Compression Partners worth $5,048,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new position in shares of USA Compression Partners in the fourth quarter valued at $13,905,000. TSA Wealth Managment LLC purchased a new position in shares of USA Compression Partners in the 4th quarter worth $205,000. WMG Financial Advisors LLC grew its stake in shares of USA Compression Partners by 5.6% in the 4th quarter. WMG Financial Advisors LLC now owns 23,374 shares of the oil and gas company’s stock worth $551,000 after buying an additional 1,250 shares in the last quarter. Bravias Capital Group LLC bought a new stake in shares of USA Compression Partners in the 4th quarter worth about $230,000. Finally, SVB Wealth LLC purchased a new stake in shares of USA Compression Partners during the 4th quarter valued at about $207,000. Hedge funds and other institutional investors own 47.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Citigroup boosted their price objective on USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $27.00 target price on shares of USA Compression Partners in a research report on Friday, November 22nd. Finally, Mizuho raised their price target on USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, USA Compression Partners currently has an average rating of “Hold” and an average target price of $27.50.

USA Compression Partners Price Performance

Shares of NYSE USAC opened at $25.46 on Monday. USA Compression Partners LP has a 1 year low of $21.06 and a 1 year high of $30.10. The firm has a 50-day simple moving average of $26.20 and a two-hundred day simple moving average of $23.95. The company has a market cap of $2.99 billion, a P/E ratio of 34.88 and a beta of 1.31.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). USA Compression Partners had a negative return on equity of 62.46% and a net margin of 10.48%. As a group, equities research analysts expect that USA Compression Partners LP will post 1.05 EPS for the current year.

USA Compression Partners Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date was Monday, January 27th. USA Compression Partners’s dividend payout ratio is currently 287.67%.

About USA Compression Partners

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.