Securian Asset Management Inc Grows Position in USA Compression Partners LP (USAC)

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Securian Asset Management Inc boosted its holdings in USA Compression Partners LP (NYSE:USAC) by 38.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,498 shares of the oil and gas company’s stock after purchasing an additional 28,400 shares during the quarter. Securian Asset Management Inc owned about 0.11% of USA Compression Partners worth $1,330,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in USAC. OppenheimerFunds Inc. raised its position in USA Compression Partners by 99.9% during the 3rd quarter. OppenheimerFunds Inc. now owns 18,031,287 shares of the oil and gas company’s stock worth $297,696,000 after buying an additional 9,011,096 shares during the last quarter. Spirit of America Management Corp NY raised its position in USA Compression Partners by 6.3% during the 4th quarter. Spirit of America Management Corp NY now owns 810,879 shares of the oil and gas company’s stock worth $10,525,000 after buying an additional 48,313 shares during the last quarter. First Trust Advisors LP raised its position in USA Compression Partners by 30.4% during the 3rd quarter. First Trust Advisors LP now owns 530,605 shares of the oil and gas company’s stock worth $8,760,000 after buying an additional 123,621 shares during the last quarter. Bank of America Corp DE raised its position in USA Compression Partners by 122.7% during the 2nd quarter. Bank of America Corp DE now owns 463,227 shares of the oil and gas company’s stock worth $7,796,000 after buying an additional 255,201 shares during the last quarter. Finally, Jennison Associates LLC raised its position in USA Compression Partners by 4.2% during the 3rd quarter. Jennison Associates LLC now owns 384,594 shares of the oil and gas company’s stock worth $6,350,000 after buying an additional 15,656 shares during the last quarter. Hedge funds and other institutional investors own 37.14% of the company’s stock.

Shares of USAC opened at $14.74 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.32 and a debt-to-equity ratio of 1.21. The stock has a market capitalization of $1.29 billion, a PE ratio of 92.13 and a beta of 1.33. USA Compression Partners LP has a 52-week low of $12.09 and a 52-week high of $19.28.

The business also recently declared a quarterly dividend, which was paid on Friday, February 8th. Stockholders of record on Monday, January 28th were issued a $0.525 dividend. The ex-dividend date of this dividend was Friday, January 25th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 14.25%. USA Compression Partners’s dividend payout ratio is presently 1,312.50%.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of USA Compression Partners from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th. Royal Bank of Canada upgraded shares of USA Compression Partners from a “sector perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research report on Wednesday, November 7th. UBS Group downgraded shares of USA Compression Partners from a “buy” rating to a “neutral” rating in a research report on Thursday, January 3rd. B. Riley set a $21.00 price objective on shares of USA Compression Partners and gave the stock a “buy” rating in a research report on Tuesday, November 6th. Finally, ValuEngine downgraded shares of USA Compression Partners from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $20.57.

In related news, insider William G. Manias purchased 5,000 shares of the business’s stock in a transaction dated Thursday, November 15th. The stock was acquired at an average price of $13.40 per share, for a total transaction of $67,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

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USA Compression Partners Company Profile

USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.

Further Reading: Why is the price-sales ratio important?

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Institutional Ownership by Quarter for USA Compression Partners (NYSE:USAC)

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