Thrivent Financial For Lutherans boosted its position in Archrock Inc (NYSE:AROC) by 8.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 970,284 shares of the energy company’s stock after buying an additional 72,191 shares during the quarter. Thrivent Financial For Lutherans’ holdings in Archrock were worth $10,188,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of AROC. Boston Partners acquired a new position in Archrock in the 4th quarter worth $2,974,000. Bank of Montreal Can lifted its holdings in Archrock by 297.8% in the 4th quarter. Bank of Montreal Can now owns 165,825 shares of the energy company’s stock worth $1,741,000 after buying an additional 124,143 shares in the last quarter. Bailard Inc. acquired a new position in Archrock in the 4th quarter worth $1,294,000. Bank of New York Mellon Corp lifted its holdings in Archrock by 5.2% in the 4th quarter. Bank of New York Mellon Corp now owns 1,910,893 shares of the energy company’s stock worth $20,064,000 after buying an additional 95,150 shares in the last quarter. Finally, Algert Global LLC lifted its holdings in Archrock by 70.2% in the 3rd quarter. Algert Global LLC now owns 218,182 shares of the energy company’s stock worth $2,738,000 after buying an additional 89,993 shares in the last quarter. Hedge funds and other institutional investors own 91.85% of the company’s stock.
AROC has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Archrock from a “sell” rating to a “hold” rating in a report on Friday, February 23rd. ValuEngine upgraded shares of Archrock from a “sell” rating to a “hold” rating in a report on Friday, December 1st. B. Riley set a $12.00 price objective on shares of Archrock and gave the stock a “hold” rating in a report on Thursday, January 11th. Royal Bank of Canada reiterated a “buy” rating and issued a $14.00 price objective on shares of Archrock in a report on Thursday, January 4th. Finally, BidaskClub lowered shares of Archrock from a “hold” rating to a “sell” rating in a report on Wednesday, November 15th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $13.25.
Archrock (NYSE:AROC) last issued its earnings results on Thursday, February 22nd. The energy company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.07. The business had revenue of $208.90 million for the quarter, compared to analyst estimates of $200.88 million. Archrock had a net margin of 2.39% and a negative return on equity of 2.31%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.06) EPS. sell-side analysts forecast that Archrock Inc will post 0.13 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Stockholders of record on Thursday, February 8th were paid a $0.12 dividend. The ex-dividend date was Wednesday, February 7th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.13%. Archrock’s dividend payout ratio (DPR) is presently 192.01%.
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Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.
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