1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its position in shares of Archrock, Inc. (NYSE:AROC – Free Report) by 135.
1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 993,063 shares of the energy company’s stock after acquiring an additional 570,680 shares during the period. JPMorgan Chase & Co.
owned 0.57% of Archrock worth $24,717,000 as of its most recent filing with the SEC. Other large investors have also modified their holdings of the company.
Wolverine Asset Management LLC increased its stake in shares of Archrock by 111.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock valued at $37,000 after acquiring an additional 14,200 shares during the period.
Continuum Advisory LLC lifted its holdings in shares of Archrock by 5,621.6% in the third quarter. Continuum Advisory LLC now owns 2,117 shares of the energy company’s stock valued at $43,000 after purchasing an additional 2,080 shares in the last quarter.
Montag A & Associates Inc. purchased a new position in Archrock during the 4th quarter valued at about $55,000. R Squared Ltd purchased a new position in Archrock in the fourth quarter valued at about $76,000.
Finally, Hantz Financial Services Inc. acquired a new stake in shares of Archrock in the 4th quarter valued at $107,000. Institutional investors and hedge funds own 95.
45% of the company’s stock. Archrock Stock PerformanceShares of Archrock stock opened at $23.54 on Thursday.
The firm has a 50 day simple moving average of $25.94 and a 200 day simple moving average of $24.80.
The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.
82. The firm has a market cap of $4.13 billion, a P/E ratio of 25.
87, a P/E/G ratio of 1.60 and a beta of 1.25.
Archrock, Inc. has a fifty-two week low of $17.27 and a fifty-two week high of $30.
44. Archrock Increases DividendThe firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were paid a $0.
19 dividend. The ex-dividend date of this dividend was Wednesday, February 12th. This is a boost from Archrock’s previous quarterly dividend of $0.
18. This represents a $0.76 dividend on an annualized basis and a yield of 3.
23%. Archrock’s dividend payout ratio (DPR) is presently 73.08%.
Analyst Upgrades and DowngradesSeparately, Citigroup lifted their target price on Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th.
One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.67.
Read Our Latest Research Report on AROCArchrock Company Profile (Free Report)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.
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(NYSE:AROC – Free Report)..
