Maridea Wealth Management LLC Makes New Investment in Archrock, Inc. $AROC

Maridea Wealth Management LLC bought a new position in shares of Archrock, Inc. (NYSE:AROC) during the first quarter, Holdings Channel.com reports. The fund bought 18,170 shares of the energy company’s stock, valued at approximately $632,000.

A number of other large investors have also recently made changes to their positions in AROC. Nations Financial Group Inc. IA ADV raised its position in Archrock by 1.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 18,744 shares of the energy company’s stock valued at $652,000 after purchasing an additional 311 shares during the last quarter. Financial Security Advisor Inc. raised its holdings in shares of Archrock by 3.0% in the fourth quarter. Financial Security Advisor Inc. now owns 12,000 shares of the energy company’s stock valued at $312,000 after buying an additional 344 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in shares of Archrock by 3.7% in the fourth quarter. Crossmark Global Holdings Inc. now owns 10,290 shares of the energy company’s stock valued at $268,000 after buying an additional 366 shares during the last quarter. Severin Investments LLC boosted its stake in shares of Archrock by 2.0% during the fourth quarter. Severin Investments LLC now owns 20,111 shares of the energy company’s stock worth $523,000 after buying an additional 400 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in shares of Archrock by 71.0% during the fourth quarter. Sound Income Strategies LLC now owns 971 shares of the energy company’s stock worth $26,000 after buying an additional 403 shares during the period. 95.45% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen cut Archrock from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. Stifel Nicolaus set a $41.00 target price on Archrock in a research note on Thursday, May 7th. Wells Fargo & Company boosted their target price on Archrock from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Zacks Research lowered Archrock from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 16th. Finally, Weiss Ratings upgraded Archrock from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Archrock has an average rating of “Buy” and an average target price of $41.14.

Archrock Stock Up 1.2%

AROC opened at $41.91 on Friday. The company has a debt-to-equity ratio of 1.57, a current ratio of 1.41 and a quick ratio of 0.91. Archrock, Inc. has a 12 month low of $21.17 and a 12 month high of $42.23. The stock has a market capitalization of $7.35 billion, a P/E ratio of 22.78, a P/E/G ratio of 1.84 and a beta of 0.87. The business has a 50 day simple moving average of $36.82 and a 200-day simple moving average of $33.06.

Archrock (NYSE:AROC) last released its quarterly earnings data on Tuesday, May 5th. The energy company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by ($0.05). Archrock had a return on equity of 22.89% and a net margin of 21.45%.The business had revenue of $373.77 million during the quarter, compared to analysts’ expectations of $378.36 million. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts anticipate that Archrock, Inc. will post 1.9 earnings per share for the current fiscal year.

Archrock Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Tuesday, May 12th were issued a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, May 12th. Archrock’s dividend payout ratio (DPR) is currently 47.83%.

Insider Transactions at Archrock

In related news, CFO Doug S. Aron sold 98,050 shares of the business’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $34.76, for a total transaction of $3,408,218.00. Following the sale, the chief financial officer owned 484,337 shares of the company’s stock, valued at approximately $16,835,554.12. The trade was a 16.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jason Ingersoll sold 33,000 shares of the company’s stock in a transaction dated Monday, May 18th. The stock was sold at an average price of $38.19, for a total transaction of $1,260,270.00. Following the transaction, the senior vice president owned 277,454 shares in the company, valued at $10,595,968.26. The trade was a 10.63% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 256,050 shares of company stock valued at $9,315,588 in the last quarter. Insiders own 2.90% of the company’s stock.

About Archrock

Archrock, Inc is a Houston?based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short?term rentals and long?term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.