Financial Security Advisor Inc. Buys New Shares in Archrock, Inc. (NYSE:AROC)

Financial Security Advisor Inc. acquired a new stake in shares of Archrock, Inc. (NYSE:AROC) during the fourth quarter, HoldingsChannel reports. The firm acquired 9,220 shares of the energy company’s stock, valued at approximately $229,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Barclays PLC increased its position in shares of Archrock by 124.2% during the 3rd quarter. Barclays PLC now owns 302,610 shares of the energy company’s stock worth $6,125,000 after purchasing an additional 167,648 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Archrock by 94.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company’s stock worth $8,549,000 after acquiring an additional 205,241 shares in the last quarter. Verition Fund Management LLC bought a new stake in Archrock during the 3rd quarter worth approximately $314,000. Crossmark Global Holdings Inc. acquired a new stake in Archrock during the 3rd quarter valued at $200,000. Finally, HITE Hedge Asset Management LLC bought a new position in Archrock in the 3rd quarter valued at $10,939,000. Institutional investors own 95.45% of the company’s stock.

Wall Street Analysts Forecast Growth

AROC has been the subject of a number of research reports. Royal Bank of Canada raised their target price on Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, Archrock has a consensus rating of “Moderate Buy” and an average price target of $25.17.

Archrock Price Performance

Archrock stock opened at $26.56 on Friday. The business’s 50-day simple moving average is $27.18 and its 200 day simple moving average is $23.64. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 29.19, a P/E/G ratio of 1.60 and a beta of 1.57. Archrock, Inc. has a 12-month low of $17.26 and a 12-month high of $30.44.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were given a dividend of $0.19 per share. This is a boost from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Wednesday, February 12th. This represents a $0.76 annualized dividend and a dividend yield of 2.86%. Archrock’s payout ratio is currently 83.52%.

About Archrock

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.