Archrock, Inc. (NYSE:AROC) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its position in Archrock, Inc. (NYSE:AROC – Get Rating) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,397,033 shares of the energy company’s stock after selling 323,276 shares during the quarter. Dimensional Fund Advisors LP owned about 6.04% of Archrock worth $84,385,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the company. Versant Capital Management Inc raised its position in Archrock by 48.8% in the fourth quarter. Versant Capital Management Inc now owns 5,191 shares of the energy company’s stock valued at $47,000 after purchasing an additional 1,703 shares during the period. Commonwealth Equity Services LLC purchased a new position in Archrock in the fourth quarter valued at about $90,000. Janney Montgomery Scott LLC purchased a new position in Archrock in the fourth quarter valued at about $99,000. First Citizens Bank & Trust Co. purchased a new position in Archrock in the fourth quarter valued at about $100,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in Archrock in the third quarter valued at about $72,000. 82.05% of the stock is owned by hedge funds and other institutional investors.

Archrock Stock Down 0.7 %

Shares of Archrock stock opened at $9.48 on Wednesday. The business has a 50-day moving average of $9.80 and a 200-day moving average of $9.45. The company has a debt-to-equity ratio of 1.81, a current ratio of 1.19 and a quick ratio of 0.68. The company has a market capitalization of $1.49 billion, a PE ratio of 24.95, a P/E/G ratio of 2.34 and a beta of 1.74. Archrock, Inc. has a 1-year low of $6.28 and a 1-year high of $11.49.

Archrock (NYSE:AROC – Get Rating) last posted its quarterly earnings results on Tuesday, May 2nd. The energy company reported $0.10 EPS for the quarter, hitting analysts’ consensus estimates of $0.10. The business had revenue of $229.83 million during the quarter, compared to the consensus estimate of $226.50 million. Archrock had a return on equity of 6.83% and a net margin of 6.73%. As a group, equities analysts forecast that Archrock, Inc. will post 0.59 EPS for the current fiscal year.

Archrock Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 16th. Investors of record on Tuesday, May 9th were paid a $0.15 dividend. The ex-dividend date was Monday, May 8th. This represents a $0.60 dividend on an annualized basis and a yield of 6.33%. Archrock’s dividend payout ratio (DPR) is 157.90%.

Insider Buying and Selling

In related news, CAO Donna A. Henderson sold 13,961 shares of Archrock stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $11.11, for a total value of $155,106.71. Following the completion of the transaction, the chief accounting officer now directly owns 50,039 shares in the company, valued at $555,933.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Archrock news, major shareholder Ocean Reserves Lp Old sold 557,737 shares of Archrock stock in a transaction that occurred on Monday, February 27th. The stock was sold at an average price of $10.83, for a total value of $6,040,291.71. Following the completion of the transaction, the insider now directly owns 16,172,626 shares in the company, valued at $175,149,539.58. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Donna A. Henderson sold 13,961 shares of Archrock stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $11.11, for a total value of $155,106.71. Following the completion of the transaction, the chief accounting officer now owns 50,039 shares of the company’s stock, valued at $555,933.29. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on AROC. Royal Bank of Canada raised their price objective on Archrock from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Thursday, February 23rd. StockNews.com raised Archrock from a “hold” rating to a “buy” rating in a research report on Friday, May 12th. 500.com restated a “reiterates” rating on shares of Archrock in a research note on Thursday, May 4th. Finally, Raymond James raised their target price on Archrock from $10.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, February 24th.

Archrock Company Profile

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Archrock, Inc engages in the provision of operations, maintenance, service and equipment for oil and natural gas production, processing, and transportation applications. It operates through the Contract Operations and Aftermarket Services. The Contract Operations segment includes the owned fleet of natural gas compression equipment that the company uses to provide operations services.