1,437,233 Shares in Archrock, Inc. $AROC Purchased by Energy Income Partners LLC

Energy Income Partners LLC purchased a new position in Archrock, Inc. (NYSE:AROC) during the second quarter, HoldingsChannel reports. The fund purchased 1,437,233 shares of the energy company’s stock, valued at approximately $58,510,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AROC. Nations Financial Group Inc. IA ADV grew its holdings in Archrock by 1.7% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 18,744 shares of the energy company’s stock valued at $652,000 after buying an additional 311 shares in the last quarter. Financial Security Advisor Inc. raised its position in shares of Archrock by 3.0% during the fourth quarter. Financial Security Advisor Inc. now owns 12,000 shares of the energy company’s stock valued at $312,000 after buying an additional 344 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in shares of Archrock by 3.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 10,290 shares of the energy company’s stock worth $268,000 after buying an additional 366 shares in the last quarter. Severin Investments LLC boosted its position in shares of Archrock by 2.0% during the fourth quarter. Severin Investments LLC now owns 20,111 shares of the energy company’s stock worth $523,000 after acquiring an additional 400 shares during the last quarter. Finally, J.W. Cole Advisors Inc. grew its stake in Archrock by 3.6% during the fourth quarter. J.W. Cole Advisors Inc. now owns 12,833 shares of the energy company’s stock valued at $334,000 after acquiring an additional 442 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors.

Archrock Trading Down 1.4%

Shares of AROC stock opened at $34.14 on Wednesday. Archrock, Inc. has a 1 year low of $22.88 and a 1 year high of $42.23. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.39 and a quick ratio of 0.94. The stock’s 50 day simple moving average is $36.68 and its two-hundred day simple moving average is $35.74. The company has a market cap of $5.99 billion, a PE ratio of 18.36, a price-to-earnings-growth ratio of 1.60 and a beta of 0.86.

Archrock (NYSE:AROC) last announced its earnings results on Wednesday, August 5th. The energy company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.07). The company had revenue of $371.24 million during the quarter, compared to analysts’ expectations of $393.19 million. Archrock had a return on equity of 22.22% and a net margin of 21.84%.Archrock’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.39 EPS. Research analysts predict that Archrock, Inc. will post 1.81 earnings per share for the current year.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 11th. Investors of record on Tuesday, August 4th were given a $0.23 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Tuesday, August 4th. Archrock’s dividend payout ratio is 49.46%.

Analyst Upgrades and Downgrades

Several brokerages have commented on AROC. Wells Fargo & Company decreased their price target on shares of Archrock from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Mizuho lifted their target price on Archrock from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, June 3rd. Stifel Nicolaus set a $41.00 price target on Archrock in a report on Thursday, May 7th. Royal Bank Of Canada lifted their price objective on Archrock from $44.00 to $46.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Evercore set a $40.00 price objective on Archrock in a report on Monday. Nine research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Archrock presently has an average rating of “Moderate Buy” and an average price target of $42.29.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.