Metropolitan Life Insurance Co. NY Has $613,000 Stake in Archrock, Inc. (AROC)

Metropolitan Life Insurance Co. NY continued to hold its stake in shares of Archrock, Inc. (NYSE:AROC) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,409 shares of the energy company’s stock at the end of the first quarter. Metropolitan Life Insurance Co. NY owned about 0.07% of Archrock worth $613,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of AROC. BlackRock Inc. boosted its position in Archrock by 51,362.3% in the first quarter. BlackRock Inc. now owns 9,155,144 shares of the energy company’s stock worth $113,523,000 after buying an additional 9,137,354 shares in the last quarter. Norges Bank acquired a new position in Archrock during the fourth quarter worth approximately $17,843,000. Vanguard Group Inc. boosted its position in Archrock by 12.1% in the first quarter. Vanguard Group Inc. now owns 8,047,378 shares of the energy company’s stock worth $99,787,000 after buying an additional 868,015 shares in the last quarter. FMR LLC acquired a new position in Archrock during the first quarter worth approximately $10,635,000. Finally, Bank of New York Mellon Corp boosted its position in Archrock by 50.3% in the first quarter. Bank of New York Mellon Corp now owns 1,978,588 shares of the energy company’s stock worth $24,535,000 after buying an additional 662,512 shares in the last quarter. Institutional investors and hedge funds own 90.15% of the company’s stock.

Shares of Archrock, Inc. (NYSE:AROC) traded down 1.63% on Friday, reaching $9.05. The company had a trading volume of 358,574 shares. The company’s 50 day moving average price is $10.70 and its 200-day moving average price is $11.97. The stock’s market capitalization is $642.00 million. Archrock, Inc. has a 1-year low of $8.90 and a 1-year high of $16.40.

Archrock (NYSE:AROC) last announced its earnings results on Tuesday, August 1st. The energy company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.08. The company had revenue of $198 million for the quarter, compared to analyst estimates of $196 million. Archrock had a negative return on equity of 3.44% and a negative net margin of 8.57%. The company’s revenue was up 4.2% on a year-over-year basis. Equities analysts predict that Archrock, Inc. will post ($0.20) EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 15th. Shareholders of record on Tuesday, August 8th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, August 4th. This represents a $0.48 annualized dividend and a dividend yield of 5.30%.

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A number of research analysts have recently commented on AROC shares. Capital One Financial Corporation cut Archrock from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $15.00 target price on shares of Archrock in a research note on Friday, April 21st. Zacks Investment Research cut Archrock from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Scotiabank set a $15.00 price objective on Archrock and gave the stock a “hold” rating in a research note on Tuesday, June 20th. Finally, FBR & Co reissued a “market perform” rating and issued a $12.00 price objective (up previously from $11.00) on shares of Archrock in a research note on Thursday, August 3rd. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $13.29.

Archrock Company Profile

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.

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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