B. Riley Wealth Advisors Inc. Acquires 20,957 Shares of Archrock, Inc. (NYSE:AROC)

B. Riley Wealth Advisors Inc. raised its stake in shares of Archrock, Inc. (NYSE:AROC) by 41.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 71,968 shares of the energy company’s stock after purchasing an additional 20,957 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Archrock were worth $1,416,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. USA Financial Formulas raised its position in shares of Archrock by 4,483.8% during the fourth quarter. USA Financial Formulas now owns 1,696 shares of the energy company’s stock worth $26,000 after acquiring an additional 1,659 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Archrock during the 1st quarter worth approximately $43,000. GAMMA Investing LLC acquired a new position in shares of Archrock in the 4th quarter worth approximately $51,000. Russell Investments Group Ltd. boosted its stake in shares of Archrock by 70.6% in the 1st quarter. Russell Investments Group Ltd. now owns 5,946 shares of the energy company’s stock valued at $117,000 after purchasing an additional 2,461 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Archrock during the first quarter worth $133,000. 95.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AROC has been the topic of several recent analyst reports. Stifel Nicolaus boosted their target price on shares of Archrock from $23.00 to $25.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. StockNews.com cut Archrock from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th.

Archrock Trading Up 0.6 %

AROC opened at $20.85 on Thursday. The company has a fifty day moving average price of $20.35 and a two-hundred day moving average price of $19.17. Archrock, Inc. has a 1-year low of $11.73 and a 1-year high of $23.44. The company has a market cap of $3.26 billion, a P/E ratio of 24.98, a price-to-earnings-growth ratio of 1.72 and a beta of 1.53. The company has a current ratio of 1.26, a quick ratio of 0.74 and a debt-to-equity ratio of 1.78.

Archrock (NYSE:AROC) last issued its earnings results on Wednesday, May 1st. The energy company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. Archrock had a return on equity of 16.46% and a net margin of 13.20%. The business had revenue of $268.49 million during the quarter, compared to analyst estimates of $260.51 million. During the same period in the previous year, the company posted $0.10 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. Analysts predict that Archrock, Inc. will post 1.05 EPS for the current fiscal year.

Archrock Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 13th. Investors of record on Tuesday, August 6th will be issued a $0.165 dividend. This represents a $0.66 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Tuesday, August 6th. Archrock’s dividend payout ratio is currently 79.52%.

Archrock Company Profile

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.