Separately, TheStreet upgraded CSI Compressco from a d+ rating to a c- rating in a research note on Friday, November 3rd.
CSI Compressco Stock Performance
CSI Compressco Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 14th. Stockholders of record on Wednesday, January 31st will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.04 annualized dividend and a dividend yield of 2.01%. CSI Compressco’s dividend payout ratio (DPR) is currently -50.00%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCLP. Bank of America Corp DE grew its position in shares of CSI Compressco by 1.2% in the fourth quarter. Bank of America Corp DE now owns 834,114 shares of the oil and gas company’s stock valued at $1,109,000 after purchasing an additional 9,831 shares during the last quarter. Crystalline Management Inc. bought a new position in shares of CSI Compressco in the 4th quarter valued at $29,000. Jane Street Group LLC bought a new position in shares of CSI Compressco in the 4th quarter valued at $26,000. BNP Paribas Arbitrage SNC lifted its stake in shares of CSI Compressco by 53.7% in the 2nd quarter. BNP Paribas Arbitrage SNC now owns 70,657 shares of the oil and gas company’s stock valued at $89,000 after acquiring an additional 24,693 shares during the last quarter. Finally, AEGON USA Investment Management LLC raised its position in CSI Compressco by 1.7% during the 2nd quarter. AEGON USA Investment Management LLC now owns 1,596,478 shares of the oil and gas company’s stock worth $1,948,000 after purchasing an additional 27,304 shares during the last quarter. 23.33% of the stock is owned by institutional investors and hedge funds.
CSI Compressco Company Profile
CSI Compressco LP provides contract services for natural gas compression and treating in the United States, Latin America, Canada, Egypt, and internationally. The company offers natural gas compression services through low-, medium-, and high-horsepower compressor packages for oil and natural gas production, gathering, artificial lift, transmission, processing, and storage.
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