JPMorgan Chase & Co. Grows Stock Position in USA Compression Partners, LP $USAC

JPMorgan Chase & Co. grew its stake in USA Compression Partners, LP (NYSE:USAC) by 274.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,351,079 shares of the oil and gas company’s stock after buying an additional 3,922,383 shares during the quarter. JPMorgan Chase & Co. owned 4.36% of USA Compression Partners worth $130,085,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in USAC. Northwestern Mutual Wealth Management Co. acquired a new position in USA Compression Partners in the 1st quarter worth about $32,000. IFG Advisory LLC acquired a new position in USA Compression Partners during the first quarter worth $202,000. F&V Capital Management LLC grew its holdings in shares of USA Compression Partners by 5.4% in the second quarter. F&V Capital Management LLC now owns 11,750 shares of the oil and gas company’s stock valued at $286,000 after purchasing an additional 600 shares during the period. Confluence Wealth Services Inc. purchased a new stake in shares of USA Compression Partners in the 2nd quarter valued at approximately $317,000. Finally, D.A. Davidson & CO. grew its position in USA Compression Partners by 15.6% in the second quarter. D.A. Davidson & CO. now owns 23,227 shares of the oil and gas company’s stock worth $565,000 after acquiring an additional 3,129 shares during the period. 47.77% of the stock is currently owned by institutional investors and hedge funds.

USA Compression Partners Stock Up 2.2%

NYSE:USAC opened at $25.09 on Thursday. The stock’s 50 day moving average price is $23.35 and its 200 day moving average price is $24.08. The company has a market capitalization of $3.08 billion, a PE ratio of 31.36 and a beta of 0.36. USA Compression Partners, LP has a 52-week low of $21.53 and a 52-week high of $30.10.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings results on Wednesday, November 5th. The oil and gas company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. USA Compression Partners had a net margin of 10.99% and a negative return on equity of 76.84%. The firm had revenue of $250.26 million during the quarter, compared to analysts’ expectations of $250.23 million. As a group, sell-side analysts anticipate that USA Compression Partners, LP will post 1.05 EPS for the current fiscal year.

USA Compression Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Monday, October 27th were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Monday, October 27th. This represents a $2.10 annualized dividend and a yield of 8.4%. USA Compression Partners’s dividend payout ratio is currently 262.50%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on USAC. Zacks Research raised shares of USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Mizuho boosted their target price on USA Compression Partners from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Friday, August 29th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.00.

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.