Mutual Advisors LLC Reduces Stock Position in USA Compression Partners, LP $USAC

Mutual Advisors LLC cut its holdings in shares of USA Compression Partners, LP (NYSE:USAC) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,741 shares of the oil and gas company’s stock after selling 762 shares during the quarter. Mutual Advisors LLC’s holdings in USA Compression Partners were worth $534,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. D.A. Davidson & CO. increased its holdings in USA Compression Partners by 2.4% during the 1st quarter. D.A. Davidson & CO. now owns 20,098 shares of the oil and gas company’s stock worth $542,000 after purchasing an additional 470 shares during the last quarter. Hodges Capital Management Inc. increased its holdings in USA Compression Partners by 1.9% during the 1st quarter. Hodges Capital Management Inc. now owns 26,621 shares of the oil and gas company’s stock worth $718,000 after purchasing an additional 500 shares during the last quarter. Mallini Complete Financial Planning LLC increased its holdings in USA Compression Partners by 0.6% during the 1st quarter. Mallini Complete Financial Planning LLC now owns 92,966 shares of the oil and gas company’s stock worth $2,508,000 after purchasing an additional 586 shares during the last quarter. F&V Capital Management LLC increased its holdings in USA Compression Partners by 5.4% during the 2nd quarter. F&V Capital Management LLC now owns 11,750 shares of the oil and gas company’s stock worth $286,000 after purchasing an additional 600 shares during the last quarter. Finally, Chicago Partners Investment Group LLC increased its holdings in USA Compression Partners by 1.2% during the 1st quarter. Chicago Partners Investment Group LLC now owns 77,957 shares of the oil and gas company’s stock worth $2,103,000 after purchasing an additional 955 shares during the last quarter. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on USAC. Mizuho lifted their price objective on USA Compression Partners from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Friday, August 29th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $25.00 price target (up from $24.00) on shares of USA Compression Partners in a report on Monday, June 23rd. Three equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $25.50.

USA Compression Partners Price Performance

Shares of USAC opened at $23.04 on Monday. The company has a market cap of $2.83 billion, a P/E ratio of 34.39 and a beta of 0.35. The stock has a fifty day moving average price of $23.77 and a 200 day moving average price of $24.27. USA Compression Partners, LP has a 12 month low of $21.24 and a 12 month high of $30.10.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Wednesday, August 6th. The oil and gas company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $250.13 million during the quarter, compared to the consensus estimate of $246.99 million. USA Compression Partners had a negative return on equity of 71.82% and a net margin of 9.56%. As a group, research analysts anticipate that USA Compression Partners, LP will post 1.05 earnings per share for the current year.

USA Compression Partners Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Monday, October 27th will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 9.1%. The ex-dividend date is Monday, October 27th. USA Compression Partners’s dividend payout ratio is presently 313.43%.

USA Compression Partners 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.