Robotti Robert Sells 2,430 Shares of Exterran Corp (EXTN)
Robotti Robert lowered its stake in shares of Exterran Corp (NYSE:EXTN) by 0.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 368,772 shares of the energy company’s stock after selling 2,430 shares during the period. Exterran comprises about 3.0% of Robotti Robert’s investment portfolio, making the stock its 11th biggest position. Robotti Robert’s holdings in Exterran were worth $11,594,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sei Investments Co. grew its position in shares of Exterran by 7,962.2% during the 3rd quarter. Sei Investments Co. now owns 3,628 shares of the energy company’s stock valued at $115,000 after acquiring an additional 3,583 shares during the period. Piedmont Investment Advisors LLC acquired a new stake in shares of Exterran during the 3rd quarter valued at about $219,000. Cigna Investments Inc. New acquired a new stake in shares of Exterran during the 4th quarter valued at about $221,000. ARP Americas LLC acquired a new stake in shares of Exterran during the 3rd quarter valued at about $234,000. Finally, Meeder Asset Management Inc. grew its position in shares of Exterran by 73.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 8,724 shares of the energy company’s stock valued at $276,000 after acquiring an additional 3,692 shares during the period. Institutional investors and hedge funds own 87.74% of the company’s stock.
A number of research firms have recently commented on EXTN. TheStreet upgraded Exterran from a “d+” rating to a “c+” rating in a research report on Wednesday, December 13th. BidaskClub cut Exterran from a “buy” rating to a “hold” rating in a research report on Friday, October 20th. Finally, ValuEngine upgraded Exterran from a “sell” rating to a “hold” rating in a report on Sunday, December 31st. Four investment analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average price target of $30.00.
Shares of Exterran Corp (EXTN) opened at $26.89 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.67. Exterran Corp has a twelve month low of $23.29 and a twelve month high of $34.05. The stock has a market capitalization of $957.33, a PE ratio of -1,344.50 and a beta of 0.72.
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Exterran Corporation provides compression, production and processing products and services that support the production and transportation of oil and natural gas around the world. The Company operates through three segments: contract operations, aftermarket services, and oil and gas product sales. The contract operations segment provides natural gas compression services, production and processing equipment services, and maintenance services to meet specific customer requirements on assets owned by it.
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