JPMorgan Chase & Co. Sells 1,808,554 Shares of USA Compression Partners, LP $USAC

JPMorgan Chase & Co. cut its stake in shares of USA Compression Partners, LP (NYSE:USAC) by 33.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,542,525 shares of the oil and gas company’s stock after selling 1,808,554 shares during the period. JPMorgan Chase & Co.’s holdings in USA Compression Partners were worth $85,021,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in USAC. Objectivity Squared LLC raised its stake in shares of USA Compression Partners by 2.2% during the 3rd quarter. Objectivity Squared LLC now owns 225,429 shares of the oil and gas company’s stock worth $5,410,000 after purchasing an additional 4,826 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in USA Compression Partners during the third quarter worth $216,000. Caprock Group LLC bought a new stake in USA Compression Partners during the third quarter worth $205,000. ING Groep NV bought a new stake in USA Compression Partners during the third quarter worth $5,158,000. Finally, Alps Advisors Inc. lifted its stake in USA Compression Partners by 9.6% in the third quarter. Alps Advisors Inc. now owns 17,105,738 shares of the oil and gas company’s stock valued at $410,538,000 after acquiring an additional 1,500,640 shares during the last quarter. Institutional investors and hedge funds own 47.77% of the company’s stock.

USA Compression Partners Trading Up 0.4%

Shares of NYSE USAC opened at $26.89 on Tuesday. The firm has a market cap of $3.90 billion, a P/E ratio of 32.01 and a beta of 0.23. The business’s 50 day moving average is $24.96 and its 200-day moving average is $24.16. USA Compression Partners, LP has a 1-year low of $21.59 and a 1-year high of $28.09.

USA Compression Partners (NYSE:USAC) last issued its quarterly earnings data on Tuesday, February 17th. The oil and gas company reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. The firm had revenue of $252.48 million for the quarter, compared to analyst estimates of $253.43 million. USA Compression Partners had a negative return on equity of 87.34% and a net margin of 11.15%. Analysts forecast that USA Compression Partners, LP will post 1.05 EPS for the current year.

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Investors of record on Monday, January 26th were paid a $0.525 dividend. The ex-dividend date was Monday, January 26th. This represents a $2.10 annualized dividend and a dividend yield of 7.8%. USA Compression Partners’s dividend payout ratio is 250.00%.

Analysts Set New Price Targets

USAC has been the topic of several recent analyst reports. Mizuho boosted their price objective on shares of USA Compression Partners from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Zacks Research downgraded USA Compression Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Citigroup restated a “neutral” rating on shares of USA Compression Partners in a research note on Tuesday, December 2nd. Wall Street Zen downgraded USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Stifel Nicolaus boosted their target price on USA Compression Partners from $27.00 to $30.00 and gave the stock a “hold” rating in a report on Wednesday, February 18th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $26.75.

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.