USA Compression Partners LP (NYSE:USAC) is Objectivity Squared LLC’s 8th Largest Position

Objectivity Squared LLC grew its holdings in USA Compression Partners LP (NYSE:USAC) by 2.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 206,843 shares of the oil and gas company’s stock after acquiring an additional 4,644 shares during the period. USA Compression Partners comprises approximately 3.3% of Objectivity Squared LLC’s portfolio, making the stock its 8th largest position. Objectivity Squared LLC owned 0.18% of USA Compression Partners worth $4,768,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of USAC. Sanctuary Advisors LLC purchased a new stake in shares of USA Compression Partners during the second quarter worth approximately $204,000. Sunbelt Securities Inc. lifted its position in shares of USA Compression Partners by 12.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 4,445 shares of the oil and gas company’s stock worth $105,000 after purchasing an additional 485 shares during the last quarter. Custom Index Systems LLC acquired a new position in shares of USA Compression Partners during the second quarter worth $1,329,000. GraniteShares Advisors LLC increased its holdings in USA Compression Partners by 14.3% in the second quarter. GraniteShares Advisors LLC now owns 81,336 shares of the oil and gas company’s stock valued at $1,930,000 after buying an additional 10,146 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its stake in USA Compression Partners by 252.1% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 44,596 shares of the oil and gas company’s stock valued at $1,058,000 after purchasing an additional 31,930 shares during the last quarter. 47.77% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at USA Compression Partners

In other news, insider Eric D. Long sold 21,396 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $22.27, for a total value of $476,488.92. Following the completion of the transaction, the insider now directly owns 1,786 shares of the company’s stock, valued at $39,774.22. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Eric D. Long sold 21,396 shares of USA Compression Partners stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $22.27, for a total transaction of $476,488.92. Following the completion of the sale, the insider now directly owns 1,786 shares in the company, valued at $39,774.22. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Eric D. Long sold 1,786 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $22.81, for a total transaction of $40,738.66. Following the sale, the insider now owns 307,026 shares in the company, valued at approximately $7,003,263.06. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here.

Analysts Set New Price Targets

Several research analysts have commented on the company. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $26.00 price target on shares of USA Compression Partners in a research report on Thursday, September 12th. Citigroup began coverage on USA Compression Partners in a research note on Friday, September 27th. They issued a “neutral” rating and a $23.00 target price on the stock. Mizuho decreased their price target on USA Compression Partners from $25.00 to $24.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Finally, StockNews.com cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $25.40.

USA Compression Partners Stock Up 0.1 %

Shares of USAC traded up $0.02 on Wednesday, reaching $22.55. The stock had a trading volume of 23,956 shares, compared to its average volume of 368,622. USA Compression Partners LP has a twelve month low of $21.06 and a twelve month high of $28.47. The firm has a market capitalization of $2.64 billion, a PE ratio of 54.80 and a beta of 1.32. The firm has a 50-day moving average of $22.35 and a 200 day moving average of $23.80.

USA Compression Partners (NYSE:USAC) last announced its earnings results on Tuesday, August 6th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.04. USA Compression Partners had a net margin of 9.77% and a negative return on equity of 40.62%. The company had revenue of $235.31 million during the quarter, compared to analysts’ expectations of $232.86 million. On average, sell-side analysts anticipate that USA Compression Partners LP will post 0.82 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 2nd. Investors of record on Monday, July 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 9.31%. The ex-dividend date was Monday, July 22nd. USA Compression Partners’s payout ratio is currently 512.20%.

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.