Spark Investment Management LLC lessened its stake in Exterran Corp (NYSE:EXTN) by 16.0% in the 4th quarter, HoldingsChannel reports. The fund owned 84,800 shares of the energy company’s stock after selling 16,200 shares during the period. Spark Investment Management LLC’s holdings in Exterran were worth $2,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in Exterran by 4.9% in the fourth quarter. BlackRock Inc. now owns 4,909,339 shares of the energy company’s stock valued at $154,351,000 after acquiring an additional 230,426 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Exterran by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,018,678 shares of the energy company’s stock valued at $95,420,000 after acquiring an additional 11,177 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Exterran by 18.4% in the third quarter. Ameriprise Financial Inc. now owns 985,167 shares of the energy company’s stock valued at $31,142,000 after acquiring an additional 153,195 shares in the last quarter. State Street Corp boosted its stake in Exterran by 0.5% in the second quarter. State Street Corp now owns 885,161 shares of the energy company’s stock valued at $23,631,000 after acquiring an additional 4,138 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Exterran by 2.6% in the second quarter. Northern Trust Corp now owns 400,836 shares of the energy company’s stock valued at $10,702,000 after acquiring an additional 10,132 shares in the last quarter. Institutional investors own 87.61% of the company’s stock.
In other news, SVP Girish Saligram sold 7,500 shares of the company’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $32.31, for a total value of $242,325.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.20% of the stock is currently owned by corporate insiders.
Exterran (NYSE:EXTN) last announced its earnings results on Monday, February 26th. The energy company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.14). Exterran had a net margin of 2.65% and a return on equity of 0.26%. The business had revenue of $337.69 million during the quarter, compared to analysts’ expectations of $361.50 million. equities research analysts forecast that Exterran Corp will post 0.59 earnings per share for the current fiscal year.
Several research firms have issued reports on EXTN. ValuEngine upgraded shares of Exterran from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. TheStreet upgraded shares of Exterran from a “d+” rating to a “c+” rating in a research note on Wednesday, December 13th. Four analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and an average target price of $30.00.
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Exterran Corporation provides compression, production and processing products and services that support the production and transportation of oil and natural gas around the world. The Company operates through three segments: contract operations, aftermarket services, and oil and gas product sales. The contract operations segment provides natural gas compression services, production and processing equipment services, and maintenance services to meet specific customer requirements on assets owned by it.
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