Catalyst Capital Advisors LLC lifted its stake in Archrock, Inc. (NYSE:AROC) by 9.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 615,457 shares of the energy company’s stock after acquiring an additional 51,619 shares during the quarter. Catalyst Capital Advisors LLC owned approximately 0.87% of Archrock worth $7,724,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. increased its position in Archrock by 51,362.3% during 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 during the last quarter. JPMorgan Chase & Co. increased its position in Archrock by 98.3% during the second quarter. JPMorgan Chase & Co. now owns 2,970,711 shares of the energy company’s stock worth $33,865,000 after buying an additional 1,472,445 shares during the last quarter. Vanguard Group Inc. increased its position in Archrock by 12.1% during 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 during the last quarter. FMR LLC acquired a new position in Archrock during the first quarter worth $10,635,000. Finally, Robeco Institutional Asset Management B.V. increased its position in Archrock by 127.5% during the second quarter. Robeco Institutional Asset Management B.V. now owns 1,002,314 shares of the energy company’s stock worth $11,427,000 after buying an additional 561,671 shares during the last quarter. 88.63% of the stock is currently owned by institutional investors and hedge funds.
Shares of Archrock, Inc. (AROC) traded up $0.25 during trading hours on Monday, hitting $9.75. The stock had a trading volume of 214,600 shares, compared to its average volume of 574,020. Archrock, Inc. has a 12 month low of $8.30 and a 12 month high of $16.40. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.94 and a current ratio of 1.63.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 4.92%. The ex-dividend date was Tuesday, November 7th. Archrock’s dividend payout ratio is currently -49.48%.
Several equities analysts have commented on AROC shares. Zacks Investment Research raised shares of Archrock from a “sell” rating to a “hold” rating in a research report on Monday, September 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $13.00 price target on shares of Archrock in a research report on Wednesday, September 27th. Finally, BidaskClub raised Archrock from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Three analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $13.29.
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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.
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