2,020 Shares in Archrock, Inc. $AROC Acquired by State of Wyoming

State of Wyoming acquired a new position in Archrock, Inc. (NYSE:AROC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,020 shares of the energy company’s stock, valued at approximately $53,000.

Several other hedge funds also recently added to or reduced their stakes in AROC. Ameriprise Financial Inc. grew its holdings in shares of Archrock by 3.6% during the fourth quarter. Ameriprise Financial Inc. now owns 524,824 shares of the energy company’s stock valued at $13,063,000 after buying an additional 18,467 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of Archrock during the fourth quarter valued at approximately $1,035,000. Captrust Financial Advisors raised its holdings in Archrock by 11.0% in the 4th quarter. Captrust Financial Advisors now owns 16,096 shares of the energy company’s stock valued at $401,000 after acquiring an additional 1,601 shares during the last quarter. Deutsche Bank AG raised its holdings in Archrock by 33.0% in the 4th quarter. Deutsche Bank AG now owns 233,220 shares of the energy company’s stock valued at $5,805,000 after acquiring an additional 57,873 shares during the last quarter. Finally, Focus Partners Wealth acquired a new stake in shares of Archrock during the 4th quarter worth approximately $209,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Archrock

In related news, SVP Eric W. Thode sold 10,000 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $23.54, for a total value of $235,400.00. Following the completion of the sale, the senior vice president directly owned 224,809 shares in the company, valued at approximately $5,292,003.86. This represents a 4.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Mizuho raised their price target on Archrock from $31.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Wells Fargo & Company assumed coverage on Archrock in a research report on Wednesday, September 3rd. They issued an “overweight” rating and a $30.00 target price for the company. Finally, Evercore ISI decreased their target price on shares of Archrock from $32.00 to $31.00 and set an “outperform” rating for the company in a research note on Wednesday, August 6th. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Archrock currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

Archrock Trading Down 0.9%

AROC stock opened at $24.02 on Wednesday. The company has a market cap of $4.22 billion, a price-to-earnings ratio of 18.20, a PEG ratio of 1.25 and a beta of 1.14. The company has a quick ratio of 1.30, a current ratio of 1.81 and a debt-to-equity ratio of 1.86. The business has a fifty day simple moving average of $23.83 and a 200-day simple moving average of $24.46. Archrock, Inc. has a 52 week low of $18.38 and a 52 week high of $30.44.

Archrock (NYSE:AROC) last announced its quarterly earnings results on Monday, August 4th. The energy company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. Archrock had a net margin of 17.17% and a return on equity of 18.74%. The firm had revenue of $383.15 million during the quarter, compared to analysts’ expectations of $366.34 million. During the same period in the prior year, the company earned $0.23 EPS. The firm’s revenue was up 41.6% on a year-over-year basis. On average, equities research analysts expect that Archrock, Inc. will post 1.09 EPS for the current year.

Archrock Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 12th. Investors of record on Tuesday, August 5th were issued a $0.21 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.84 annualized dividend and a yield of 3.5%. This is an increase from Archrock’s previous quarterly dividend of $0.19. Archrock’s payout ratio is currently 63.64%.

About Archrock

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.