Cornerstone Capital Management Holdings LLC. Sells 12,600 Shares of Exterran Corporation (EXTN)

Cornerstone Capital Management Holdings LLC. trimmed its holdings in shares of Exterran Corporation (NYSE:EXTN) by 6.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 174,562 shares of the energy company’s stock after selling 12,600 shares during the period. Cornerstone Capital Management Holdings LLC. owned 0.49% of Exterran Corporation worth $4,659,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of EXTN. Wells Fargo & Company MN raised its stake in shares of Exterran Corporation by 38.6% during the first quarter. Wells Fargo & Company MN now owns 80,340 shares of the energy company’s stock worth $2,527,000 after buying an additional 22,367 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Exterran Corporation by 4.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 28,314 shares of the energy company’s stock worth $890,000 after buying an additional 1,080 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Exterran Corporation by 2.8% during the first quarter. Bank of New York Mellon Corp now owns 405,420 shares of the energy company’s stock worth $12,751,000 after buying an additional 11,212 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Exterran Corporation by 13.0% during the first quarter. BNP Paribas Arbitrage SA now owns 6,418 shares of the energy company’s stock worth $202,000 after buying an additional 739 shares during the last quarter. Finally, Comerica Bank raised its stake in shares of Exterran Corporation by 4.9% during the first quarter. Comerica Bank now owns 34,948 shares of the energy company’s stock worth $1,021,000 after buying an additional 1,624 shares during the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on EXTN shares. BidaskClub raised shares of Exterran Corporation from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 28th. Zacks Investment Research downgraded shares of Exterran Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 10th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $30.00.

Exterran Corporation (EXTN) opened at 31.66 on Friday. The firm’s market cap is $1.13 billion. Exterran Corporation has a one year low of $14.51 and a one year high of $34.05. The company’s 50-day moving average is $29.86 and its 200-day moving average is $28.36.

Exterran Corporation (NYSE:EXTN) last released its quarterly earnings results on Monday, August 7th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.53) by $0.37. Exterran Corporation had a negative net margin of 1.45% and a negative return on equity of 5.57%. The firm had revenue of $330.59 million during the quarter, compared to analyst estimates of $329.50 million. On average, analysts forecast that Exterran Corporation will post $0.06 earnings per share for the current fiscal year.

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Exterran Corporation Profile

Exterran Corporation provides compression, production and processing products and services that support the production and transportation of oil and natural gas around the world. The Company operates through three segments: contract operations, aftermarket services, and oil and gas product sales. The contract operations segment provides natural gas compression services, production and processing equipment services, and maintenance services to meet specific customer requirements on assets owned by it.

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Institutional Ownership by Quarter for Exterran Corporation (NYSE:EXTN)

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