HITE Hedge Asset Management LLC decreased its stake in Archrock Partners, L.P. (NASDAQ:APLP) by 1.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,127,544 shares of the energy company’s stock after selling 16,290 shares during the period. Archrock Partners, L.P. comprises approximately 5.6% of HITE Hedge Asset Management LLC’s holdings, making the stock its 4th largest position. HITE Hedge Asset Management LLC owned about 1.72% of Archrock Partners, L.P. worth $16,812,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Texas Yale Capital Corp. purchased a new stake in shares of Archrock Partners, L.P. during the first quarter worth approximately $208,000. OppenheimerFunds Inc. raised its stake in shares of Archrock Partners, L.P. by 7.1% in the first quarter. OppenheimerFunds Inc. now owns 7,907,881 shares of the energy company’s stock worth $135,699,000 after buying an additional 524,530 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of Archrock Partners, L.P. by 5.2% in the first quarter. Goldman Sachs Group Inc. now owns 3,560,831 shares of the energy company’s stock worth $61,104,000 after buying an additional 175,315 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Archrock Partners, L.P. by 8.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 454,418 shares of the energy company’s stock worth $7,798,000 after buying an additional 35,112 shares during the period. Finally, Global X Management Co. LLC raised its stake in shares of Archrock Partners, L.P. by 3.7% in the first quarter. Global X Management Co. LLC now owns 13,454 shares of the energy company’s stock worth $231,000 after buying an additional 484 shares during the period. Hedge funds and other institutional investors own 43.78% of the company’s stock.

Shares of Archrock Partners, L.P. (NASDAQ APLP) traded up 0.15% during mid-day trading on Friday, hitting $13.64. The stock had a trading volume of 1,346 shares. The firm’s 50 day moving average price is $14.20 and its 200 day moving average price is $15.75. The company’s market cap is $894.51 million. Archrock Partners, L.P. has a 1-year low of $12.43 and a 1-year high of $18.55.

Archrock Partners, L.P. (NASDAQ:APLP) last announced its earnings results on Tuesday, August 1st. The energy company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.04. Archrock Partners, L.P. had a negative net margin of 2.49% and a positive return on equity of 6.02%. The business had revenue of $138.30 million during the quarter, compared to analysts’ expectations of $137.10 million. During the same period in the prior year, the company earned $0.21 earnings per share. The firm’s revenue was down 1.3% on a year-over-year basis. Analysts predict that Archrock Partners, L.P. will post $0.44 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 14th. Shareholders of record on Tuesday, August 8th were issued a dividend of $0.285 per share. The ex-dividend date of this dividend was Friday, August 4th. This represents a $1.14 dividend on an annualized basis and a yield of 8.37%. Archrock Partners, L.P.’s dividend payout ratio is currently -518.16%.

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A number of analysts have recently commented on the company. Zacks Investment Research upgraded Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a report on Friday, August 4th. Royal Bank Of Canada upgraded Archrock Partners, L.P. from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from $18.00 to $19.00 in a report on Wednesday. They noted that the move was a valuation call. BidaskClub upgraded Archrock Partners, L.P. from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Capital One Financial Corporation lowered Archrock Partners, L.P. from an “overweight” rating to an “equal weight” rating in a report on Friday, June 23rd. Finally, Goldman Sachs Group, Inc. (The) lowered Archrock Partners, L.P. from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a report on Monday, May 29th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $18.00.

Archrock Partners, L.P. Company Profile

Archrock Partners, L.P. is engaged in natural gas compression industry in the United States. The Company’s contract operations services include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide natural gas compression services to its customers.

Institutional Ownership by Quarter for Archrock Partners, L.P. (NASDAQ:APLP)

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