Broadway Wealth Solutions Inc. Buys New Position in USA Compression Partners LP (NYSE:USAC)

Broadway Wealth Solutions Inc. purchased a new position in USA Compression Partners LP (NYSE:USAC) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 8,546 shares of the oil and gas company’s stock, valued at approximately $201,000.

Several other large investors also recently modified their holdings of USAC. Raymond James Financial Inc. bought a new stake in USA Compression Partners during the fourth quarter valued at $13,905,000. Objectivity Squared LLC boosted its position in shares of USA Compression Partners by 2.4% during the 4th quarter. Objectivity Squared LLC now owns 211,813 shares of the oil and gas company’s stock valued at $5,048,000 after purchasing an additional 4,970 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in USA Compression Partners by 0.4% during the third quarter. Rockefeller Capital Management L.P. now owns 211,521 shares of the oil and gas company’s stock worth $4,848,000 after purchasing an additional 833 shares during the period. Infrastructure Capital Advisors LLC increased its holdings in USA Compression Partners by 14.9% in the third quarter. Infrastructure Capital Advisors LLC now owns 196,206 shares of the oil and gas company’s stock worth $4,497,000 after purchasing an additional 25,439 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its holdings in shares of USA Compression Partners by 28.9% during the 4th quarter. Corient Private Wealth LLC now owns 165,887 shares of the oil and gas company’s stock worth $3,908,000 after buying an additional 37,232 shares in the last quarter. 47.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on USAC shares. Citigroup boosted their target price on shares of USA Compression Partners from $24.00 to $27.00 and gave the company a “neutral” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. raised their target price on USA Compression Partners from $23.00 to $24.00 and gave the company an “underweight” rating in a research note on Tuesday, March 11th. Finally, Mizuho upped their price target on USA Compression Partners from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, February 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $26.80.

USA Compression Partners Price Performance

Shares of NYSE USAC opened at $26.94 on Friday. The company has a 50-day moving average price of $26.91 and a 200-day moving average price of $24.35. The stock has a market capitalization of $3.17 billion, a P/E ratio of 36.91 and a beta of 1.31. USA Compression Partners LP has a 1 year low of $21.06 and a 1 year high of $30.10.

USA Compression Partners (NYSE:USAC) last announced its quarterly earnings results on Tuesday, February 11th. The oil and gas company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.06). USA Compression Partners had a net margin of 10.48% and a negative return on equity of 62.46%. As a group, equities research analysts anticipate that USA Compression Partners LP will post 1.05 earnings per share for the current fiscal year.

USA Compression Partners Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 7th. Shareholders of record on Monday, January 27th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date of this dividend was Monday, January 27th. USA Compression Partners’s payout ratio is 287.67%.

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.