Hodges Capital Management Inc. Purchases 500 Shares of USA Compression Partners, LP $USAC

Hodges Capital Management Inc. raised its position in shares of USA Compression Partners, LP (NYSE:USAC) by 1.9% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 26,621 shares of the oil and gas company’s stock after purchasing an additional 500 shares during the quarter. Hodges Capital Management Inc.’s holdings in USA Compression Partners were worth $718,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of USAC. Northwestern Mutual Wealth Management Co. bought a new stake in USA Compression Partners during the 1st quarter valued at about $32,000. Perkins Coie Trust Co increased its stake in USA Compression Partners by 40.0% during the 1st quarter. Perkins Coie Trust Co now owns 7,000 shares of the oil and gas company’s stock valued at $189,000 after purchasing an additional 2,000 shares in the last quarter. IFG Advisory LLC bought a new stake in USA Compression Partners during the 1st quarter valued at about $202,000. 49 Wealth Management LLC bought a new stake in USA Compression Partners during the 1st quarter valued at about $228,000. Finally, Kestra Private Wealth Services LLC bought a new stake in USA Compression Partners during the 1st quarter valued at about $230,000. 47.77% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Mizuho raised their price objective on shares of USA Compression Partners from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Friday, August 29th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $25.00 price objective (up from $24.00) on shares of USA Compression Partners in a report on Monday, June 23rd. Three equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $25.50.

USA Compression Partners Stock Up 1.6%

Shares of USA Compression Partners stock opened at $24.18 on Friday. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 36.09 and a beta of 0.40. The company’s 50 day moving average is $24.07 and its 200 day moving average is $24.82. USA Compression Partners, LP has a twelve month low of $21.24 and a twelve month high of $30.10.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The company had revenue of $250.13 million for the quarter, compared to the consensus estimate of $246.99 million. USA Compression Partners had a net margin of 9.56% and a negative return on equity of 71.82%. Sell-side analysts expect that USA Compression Partners, LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 8th. Shareholders of record on Monday, July 28th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 8.7%. The ex-dividend date of this dividend was Monday, July 28th. USA Compression Partners’s dividend payout ratio is currently 313.43%.

USA Compression Partners 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.