GraniteShares Advisors LLC Lowers Stock Holdings in USA Compression Partners LP (NYSE:USAC)

GraniteShares Advisors LLC trimmed its position in shares of USA Compression Partners LP (NYSE:USAC) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 62,132 shares of the oil and gas company’s stock after selling 10,444 shares during the quarter. GraniteShares Advisors LLC owned 0.06% of USA Compression Partners worth $1,418,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Belpointe Asset Management LLC raised its position in shares of USA Compression Partners by 232.9% during the 1st quarter. Belpointe Asset Management LLC now owns 1,235 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 864 shares in the last quarter. State of Wyoming acquired a new stake in shares of USA Compression Partners during the 4th quarter worth about $32,000. Tower Research Capital LLC TRC raised its position in shares of USA Compression Partners by 2,232.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,915 shares of the oil and gas company’s stock worth $51,000 after acquiring an additional 2,790 shares in the last quarter. Barclays PLC raised its position in shares of USA Compression Partners by 1,102.9% during the 1st quarter. Barclays PLC now owns 2,887 shares of the oil and gas company’s stock worth $61,000 after acquiring an additional 2,647 shares in the last quarter. Finally, Credit Suisse AG acquired a new stake in shares of USA Compression Partners during the 2nd quarter worth about $87,000. Institutional investors and hedge funds own 47.77% of the company’s stock.

USA Compression Partners Price Performance

USAC stock traded down $0.09 during trading on Tuesday, reaching $24.99. 930,724 shares of the stock traded hands, compared to its average volume of 407,090. The business’s 50 day moving average price is $25.91 and its 200-day moving average price is $25.19. USA Compression Partners LP has a 52-week low of $18.48 and a 52-week high of $28.47. The firm has a market capitalization of $2.57 billion, a PE ratio of 120.24 and a beta of 1.30.

USA Compression Partners (NYSE:USAC) last issued its earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.02). USA Compression Partners had a negative return on equity of 31.81% and a net margin of 8.07%. The company had revenue of $225.05 million during the quarter, compared to analysts’ expectations of $221.50 million. During the same period in the previous year, the company earned ($0.04) EPS. On average, equities research analysts predict that USA Compression Partners LP will post 0.57 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 8.40%. The ex-dividend date is Friday, April 19th. USA Compression Partners’s dividend payout ratio is presently 1,000.05%.

Analysts Set New Price Targets

USAC has been the topic of several analyst reports. Raymond James lifted their target price on USA Compression Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday. Mizuho lifted their target price on USA Compression Partners from $22.00 to $23.00 and gave the company an “underperform” rating in a research note on Wednesday, February 14th. Finally, StockNews.com downgraded USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, USA Compression Partners currently has an average rating of “Hold” and a consensus target price of $24.75.

Insiders Place Their Bets

In related news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $25.12, for a total value of $147,939,140.64. Following the sale, the insider now owns 5,882,528 shares of the company’s stock, valued at approximately $147,769,103.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $25.12, for a total value of $147,939,140.64. Following the sale, the insider now owns 5,882,528 shares of the company’s stock, valued at approximately $147,769,103.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Eric D. Long sold 96,660 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $24.59, for a total value of $2,376,869.40. Following the completion of the sale, the insider now directly owns 372,359 shares in the company, valued at approximately $9,156,307.81. The disclosure for this sale can be found here. Insiders have sold a total of 7,755,566 shares of company stock valued at $194,685,337 in the last quarter.

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.