Xponance Inc. Acquires 2,002 Shares of Archrock, Inc. (NYSE:AROC)

Xponance Inc. grew its holdings in shares of Archrock, Inc. (NYSE:AROC) by 18.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,833 shares of the energy company’s stock after buying an additional 2,002 shares during the period. Xponance Inc.’s holdings in Archrock were worth $319,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. Atria Investments Inc increased its position in Archrock by 17.4% in the 4th quarter. Atria Investments Inc now owns 38,313 shares of the energy company’s stock valued at $954,000 after buying an additional 5,665 shares in the last quarter. Barclays PLC grew its stake in Archrock by 124.2% in the third quarter. Barclays PLC now owns 302,610 shares of the energy company’s stock valued at $6,125,000 after acquiring an additional 167,648 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Archrock by 94.5% during the third quarter. JPMorgan Chase & Co. now owns 422,383 shares of the energy company’s stock valued at $8,549,000 after acquiring an additional 205,241 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of Archrock during the third quarter worth approximately $314,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Archrock by 1.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,358,092 shares of the energy company’s stock worth $58,693,000 after purchasing an additional 34,272 shares in the last quarter. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Price Performance

AROC opened at $26.58 on Friday. Archrock, Inc. has a 1 year low of $17.27 and a 1 year high of $30.44. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 29.20, a P/E/G ratio of 1.60 and a beta of 1.56. The firm’s fifty day moving average price is $27.11 and its two-hundred day moving average price is $24.49.

Archrock Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Investors of record on Wednesday, February 12th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, February 12th. This is a boost from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a yield of 2.86%. Archrock’s payout ratio is 73.08%.

Analyst Ratings Changes

AROC has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price target on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Citigroup boosted their target price on shares of Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday, March 18th. One analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Archrock has an average rating of “Moderate Buy” and an average price target of $26.67.

Archrock 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.