Corient Private Wealth LLC Boosts Stock Position in USA Compression Partners, LP $USAC

Corient Private Wealth LLC increased its holdings in USA Compression Partners, LP (NYSE:USAC) by 15.9% during the 2nd quarter, Holdings Channel reports. The firm owned 206,450 shares of the oil and gas company’s stock after buying an additional 28,280 shares during the period. Corient Private Wealth LLC’s holdings in USA Compression Partners were worth $5,019,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in USA Compression Partners in the 1st quarter worth approximately $32,000. Global Retirement Partners LLC purchased a new position in shares of USA Compression Partners during the second quarter valued at approximately $255,000. F&V Capital Management LLC raised its holdings in shares of USA Compression Partners by 5.4% during 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 acquiring an additional 600 shares in the last quarter. Confluence Wealth Services Inc. bought a new position in shares of USA Compression Partners during the second quarter valued at approximately $317,000. Finally, D.A. Davidson & CO. lifted its stake 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. Institutional investors own 47.77% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on USAC. Wall Street Zen upgraded shares of USA Compression Partners from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Citigroup reaffirmed a “neutral” rating on shares of USA Compression Partners in a research report on Tuesday, December 2nd. Zacks Research upgraded shares of USA Compression Partners from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Finally, Mizuho increased their price target on shares of 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 assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.00.

USA Compression Partners Stock Performance

Shares of USAC opened at $22.88 on Friday. USA Compression Partners, LP has a fifty-two week low of $21.53 and a fifty-two week high of $30.10. The firm’s 50-day simple moving average is $23.56 and its two-hundred day simple moving average is $24.00. The stock has a market cap of $2.81 billion, a PE ratio of 28.60 and a beta of 0.25.

USA Compression Partners (NYSE:USAC) last released its earnings results on Wednesday, November 5th. The oil and gas company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $250.23 million. Equities research analysts predict that USA Compression Partners, LP will post 1.05 EPS for the current year.

USA Compression Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 7th. Shareholders of record on Monday, October 27th were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 9.2%. The ex-dividend date of this dividend was Monday, October 27th. USA Compression Partners’s payout ratio is 262.50%.

About USA Compression Partners

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.