Csenge Advisory Group Sells 3,062 Shares of Archrock, Inc. (NYSE:AROC)

Csenge Advisory Group lowered its position in Archrock, Inc. (NYSE:AROC) by 12.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,713 shares of the energy company’s stock after selling 3,062 shares during the quarter. Csenge Advisory Group’s holdings in Archrock were worth $516,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. State Street Corp increased its holdings in shares of Archrock by 11.5% in the third quarter. State Street Corp now owns 6,836,745 shares of the energy company’s stock worth $138,376,000 after buying an additional 707,379 shares during the period. Geode Capital Management LLC grew its position in Archrock by 16.0% during the 3rd quarter. Geode Capital Management LLC now owns 3,794,981 shares of the energy company’s stock worth $76,826,000 after acquiring an additional 523,825 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Archrock by 13.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,323,820 shares of the energy company’s stock worth $47,034,000 after purchasing an additional 274,763 shares during the period. Kayne Anderson Capital Advisors LP lifted its position in Archrock by 1,680.2% in the third quarter. Kayne Anderson Capital Advisors LP now owns 1,530,440 shares of the energy company’s stock valued at $30,976,000 after purchasing an additional 1,444,471 shares during the last quarter. Finally, Eagle Asset Management Inc. purchased a new stake in shares of Archrock during the third quarter valued at approximately $22,108,000. 95.45% of the stock is currently owned by institutional investors.

Archrock Trading Up 1.2 %

NYSE:AROC opened at $27.98 on Wednesday. The company has a 50-day moving average price of $27.00 and a 200-day moving average price of $23.26. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 30.74, a P/E/G ratio of 1.70 and a beta of 1.57. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. Archrock, Inc. has a 12 month low of $17.16 and a 12 month high of $30.44.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, February 12th. This is a positive change from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.72%. Archrock’s dividend payout ratio (DPR) is 76.92%.

Analysts Set New Price Targets

Several research analysts recently commented on AROC shares. Royal Bank of Canada lifted their target price on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. boosted their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $25.17.

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.