Truist Financial Corp Takes Position in USA Compression Partners LP (NYSE:USAC)

Truist Financial Corp acquired a new stake in USA Compression Partners LP (NYSE:USAC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 101,205 shares of the oil and gas company’s stock, valued at approximately $2,428,000. Truist Financial Corp owned about 0.09% of USA Compression Partners at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Strategic Financial Concepts LLC acquired a new position in shares of USA Compression Partners in the fourth quarter valued at approximately $333,000. Sanctuary Advisors LLC raised 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 valued at $215,000 after buying an additional 766 shares during the last quarter. Stifel Financial Corp acquired a new position in USA Compression Partners during the third quarter worth approximately $210,000. Infrastructure Capital Advisors LLC increased its position in USA Compression Partners by 14.9% during the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock worth $4,497,000 after purchasing an additional 25,439 shares during the last quarter. Finally, Spring Capital Management LLC acquired a new position in USA Compression Partners during the fourth quarter worth approximately $283,000. Institutional investors and hedge funds own 47.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on USAC. Citigroup upped their price target on shares of USA Compression Partners from $24.00 to $27.00 and gave the stock a “neutral” rating in a research report on Tuesday. Mizuho upped their price target on shares of USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $27.00 price target on shares of USA Compression Partners in a research report on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $27.50.

USA Compression Partners Stock Down 1.6 %

USA Compression Partners stock opened at $27.29 on Wednesday. USA Compression Partners LP has a 52-week low of $21.06 and a 52-week high of $30.10. The firm has a fifty day moving average of $25.51 and a 200-day moving average of $23.66. The firm has a market capitalization of $3.21 billion, a P/E ratio of 37.38 and a beta of 1.34.

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

USA Compression Partners Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 7th. Stockholders of record on Monday, January 27th were paid a $0.525 dividend. The ex-dividend date was Monday, January 27th. This represents a $2.10 annualized dividend and a dividend yield of 7.69%. USA Compression Partners’s dividend payout ratio (DPR) is presently 287.67%.

About USA Compression Partners

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.