USA Compression Partners LP (NYSE:USAC) Major Shareholder Veteran Equity Aggregator Eig Sells 5,889,297 Shares of Stock

USA Compression Partners LP (NYSE:USAC) major shareholder Veteran Equity Aggregator Eig sold 5,889,297 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $25.12, for a total transaction of $147,939,140.64. Following the completion of the sale, the insider now directly owns 5,882,528 shares in the company, valued at $147,769,103.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Veteran Equity Aggregator Eig also recently made the following trade(s):

• On Wednesday, January 24th, Veteran Equity Aggregator Eig sold 1,681,689 shares of USA Compression Partners stock. The shares were sold at an average price of $25.10, for a total transaction of $42,210,393.90.

USA Compression Partners Trading Down 0.2 %

NYSE:USAC opened at $26.44 on Tuesday. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 125.91 and a beta of 1.30. The company’s 50-day moving average is $25.86 and its two-hundred day moving average is $25.06. USA Compression Partners LP has a 12-month low of $18.48 and a 12-month high of $28.47.

USA Compression Partners (NYSE:USAC) last released its earnings results on Tuesday, February 13th. The oil and gas company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). The firm had revenue of $225.05 million during the quarter, compared to analysts’ expectations of $221.50 million. USA Compression Partners had a net margin of 8.07% and a negative return on equity of 31.81%. During the same quarter last year, the company posted ($0.04) earnings per share. On average, equities research analysts forecast that USA Compression Partners LP will post 0.57 earnings per share for the current fiscal year.

USA Compression Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 2nd. Shareholders of record on Monday, January 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 7.94%. This is a positive change from USA Compression Partners’s previous quarterly dividend of $0.51. The ex-dividend date was Friday, January 19th. USA Compression Partners’s dividend payout ratio is 1,000.05%.

Analyst Ratings Changes

USAC has been the topic of a number of research reports. Mizuho increased their price objective on shares of USA Compression Partners from $22.00 to $23.00 and gave the company an “underperform” rating in a research note on Wednesday, February 14th. StockNews.com cut shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. One research analyst has rated the stock with a sell rating and three have issued a hold rating to the company’s stock. According to data from MarketBeat.com, USA Compression Partners has an average rating of “Hold” and a consensus price target of $23.00.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Creekmur Asset Management LLC purchased a new position in shares of USA Compression Partners during the 4th quarter worth about $46,000. Goldman Sachs Group Inc. lifted its holdings in shares of USA Compression Partners by 167.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 119,686 shares of the oil and gas company’s stock worth $2,732,000 after acquiring an additional 75,016 shares during the period. Tortoise Index Solutions LLC lifted its holdings in shares of USA Compression Partners by 12.9% during the 4th quarter. Tortoise Index Solutions LLC now owns 77,972 shares of the oil and gas company’s stock worth $1,780,000 after acquiring an additional 8,899 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of USA Compression Partners by 914.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,196 shares of the oil and gas company’s stock worth $73,000 after acquiring an additional 2,881 shares during the period. Finally, Objectivity Squared LLC purchased a new position in shares of USA Compression Partners during the 4th quarter worth about $4,429,000. 47.77% of the stock is currently owned by hedge funds and other institutional investors.

About USA Compression Partners

USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.