State of Wyoming Makes New Investment in Archrock, Inc. $AROC

State of Wyoming purchased a new position in Archrock, Inc. (NYSE:AROC) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 15,466 shares of the energy company’s stock, valued at approximately $630,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. lifted its position in Archrock by 15,293.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 138,388 shares of the energy company’s stock worth $3,601,000 after purchasing an additional 137,489 shares during the period. Marietta Investment Partners LLC acquired a new position in shares of Archrock during the 4th quarter valued at $1,611,000. Natixis Advisors LLC increased its position in shares of Archrock by 22.4% during the 4th quarter. Natixis Advisors LLC now owns 1,685,080 shares of the energy company’s stock valued at $43,846,000 after purchasing an additional 308,246 shares during the period. Stephens Investment Management Group LLC bought a new stake in shares of Archrock in the 4th quarter worth $32,904,000. Finally, Hsbc Holdings PLC raised its stake in shares of Archrock by 40.7% in the 4th quarter. Hsbc Holdings PLC now owns 127,471 shares of the energy company’s stock worth $3,309,000 after buying an additional 36,847 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors.

Archrock Price Performance

NYSE AROC opened at $34.64 on Monday. The company has a current ratio of 1.39, a quick ratio of 0.94 and a debt-to-equity ratio of 1.51. Archrock, Inc. has a 1 year low of $22.88 and a 1 year high of $42.23. The company has a market cap of $6.07 billion, a PE ratio of 18.62, a PEG ratio of 1.60 and a beta of 0.86. The stock’s 50-day moving average price is $36.70 and its two-hundred day moving average price is $35.65.

Archrock (NYSE:AROC) last announced its earnings results on Wednesday, August 5th. The energy company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.07). The firm had revenue of $371.24 million during the quarter, compared to analyst estimates of $393.19 million. Archrock had a return on equity of 22.22% and a net margin of 21.84%.The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. On average, analysts predict that Archrock, Inc. will post 1.81 EPS for the current year.

Archrock Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, August 4th were paid a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 4th. This represents a $0.92 dividend on an annualized basis and a yield of 2.7%. This is a positive change from Archrock’s previous quarterly dividend of $0.22. Archrock’s dividend payout ratio (DPR) is 49.46%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on AROC shares. Royal Bank Of Canada raised their target price on Archrock from $41.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, July 21st. Citigroup boosted their price target on shares of Archrock from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Weiss Ratings downgraded shares of Archrock from a “buy (a-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Mizuho raised their price objective on shares of Archrock from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, June 3rd. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $46.00 price objective on shares of Archrock in a research note on Thursday, May 7th. Nine investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Archrock has an average rating of “Moderate Buy” and an average target price of $41.29.

Archrock Profile

Archrock, Inc is a Houston?based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short?term rentals and long?term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.