HighTower Advisors LLC Has $823,000 Holdings in USA Compression Partners LP (NYSE:USAC)

HighTower Advisors LLC raised its position in USA Compression Partners LP (NYSE:USAC) by 94.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,935 shares of the oil and gas company’s stock after purchasing an additional 17,005 shares during the quarter. HighTower Advisors LLC’s holdings in USA Compression Partners were worth $823,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Sunbelt Securities Inc. grew its holdings in shares of USA Compression Partners by 16.4% during the third quarter. Sunbelt Securities Inc. now owns 5,175 shares of the oil and gas company’s stock worth $119,000 after buying an additional 730 shares in the last quarter. TSA Wealth Managment LLC bought a new position in shares of USA Compression Partners during the 4th quarter worth approximately $205,000. SVB Wealth LLC acquired a new stake in shares of USA Compression Partners in the fourth quarter valued at approximately $207,000. Stifel Financial Corp bought a new stake in shares of USA Compression Partners in the third quarter worth $210,000. Finally, Sanctuary Advisors LLC lifted its position in shares of USA Compression Partners by 9.2% in the third quarter. Sanctuary Advisors LLC now owns 9,052 shares of the oil and gas company’s stock worth $215,000 after purchasing an additional 766 shares in the last quarter. 47.77% of the stock is currently owned by institutional investors.

USA Compression Partners Price Performance

Shares of USAC opened at $26.94 on Friday. The company’s 50-day moving average is $26.91 and its 200-day moving average is $24.35. The firm has a market capitalization of $3.17 billion, a PE ratio of 36.91 and a beta of 1.31. USA Compression Partners LP has a fifty-two week low of $21.06 and a fifty-two week high of $30.10.

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

USA Compression Partners Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 7th. Investors of record on Monday, January 27th were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $2.10 annualized dividend and a yield of 7.79%. USA Compression Partners’s payout ratio is currently 287.67%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on USAC. Citigroup lifted their price target on shares of USA Compression Partners from $24.00 to $27.00 and gave the company a “neutral” rating in a research note on Tuesday, February 25th. Mizuho boosted their price objective on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of USA Compression Partners from $23.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, March 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.80.

USA Compression Partners Company 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.