ING Groep NV Makes New Investment in USA Compression Partners, LP $USAC

ING Groep NV bought a new stake in shares of USA Compression Partners, LP (NYSE:USAC) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 214,900 shares of the oil and gas company’s stock, valued at approximately $5,158,000. ING Groep NV owned approximately 0.18% of USA Compression Partners at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. CWM LLC purchased a new position in USA Compression Partners during the 3rd quarter valued at about $34,000. State of Wyoming purchased a new stake in USA Compression Partners in the third quarter worth about $64,000. Global Retirement Partners LLC bought a new position in shares of USA Compression Partners during the second quarter valued at approximately $255,000. MGO One Seven LLC purchased a new position in shares of USA Compression Partners during the third quarter valued at approximately $307,000. Finally, D.A. Davidson & CO. lifted its holdings in shares of USA Compression Partners by 15.6% during the second quarter. D.A. Davidson & CO. now owns 23,227 shares of the oil and gas company’s stock valued at $565,000 after purchasing an additional 3,129 shares during the last quarter. 47.77% of the stock is owned by hedge funds and other institutional investors.

USA Compression Partners Stock Down 2.2%

Shares of NYSE USAC opened at $26.44 on Friday. USA Compression Partners, LP has a twelve month low of $21.59 and a twelve month high of $28.79. The firm has a market cap of $3.24 billion, a P/E ratio of 33.04 and a beta of 0.23. The company has a 50 day moving average of $24.63 and a 200 day moving average of $24.01.

USA Compression Partners Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 6th. Stockholders of record on Monday, January 26th were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend was Monday, January 26th. USA Compression Partners’s dividend payout ratio is presently 262.50%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Mizuho upped their price target on USA Compression Partners from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Wall Street Zen raised USA Compression Partners from a “hold” rating to a “buy” rating in a report on Saturday, February 7th. Citigroup reissued a “neutral” rating on shares of USA Compression Partners in a research note on Tuesday, December 2nd. Finally, Zacks Research downgraded USA Compression Partners from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Three research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $25.67.

USA Compression Partners Company Profile

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.