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

Xponance Inc. raised its stake in Archrock, Inc. (NYSE:AROC) by 18.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,833 shares of the energy company’s stock after acquiring an additional 2,002 shares during the quarter. Xponance Inc.’s holdings in Archrock were worth $319,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in Archrock by 13.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,323,820 shares of the energy company’s stock valued at $47,034,000 after purchasing an additional 274,763 shares during the last quarter. Citigroup Inc. increased its holdings in shares of Archrock by 59.6% during the third quarter. Citigroup Inc. now owns 447,160 shares of the energy company’s stock worth $9,051,000 after buying an additional 166,947 shares in the last quarter. Cerity Partners LLC boosted its holdings in shares of Archrock by 72.3% during the 3rd quarter. Cerity Partners LLC now owns 25,073 shares of the energy company’s stock valued at $507,000 after acquiring an additional 10,522 shares in the last quarter. Daiwa Securities Group Inc. bought a new stake in Archrock during the 3rd quarter worth $103,000. Finally, Brown Brothers Harriman & Co. acquired a new position in Archrock in the 3rd quarter worth about $28,000. 95.45% of the stock is currently owned by institutional investors and hedge funds.

Archrock Stock Performance

Shares of AROC stock opened at $26.58 on Friday. The stock has a market capitalization of $4.66 billion, a PE ratio of 29.20, a PEG ratio of 1.60 and a beta of 1.56. The business’s 50 day simple moving average is $27.11 and its 200 day simple moving average is $24.49. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. Archrock, Inc. has a one year low of $17.27 and a one year high of $30.44.

Archrock Increases Dividend

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

Analyst Upgrades and Downgrades

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

Archrock Company 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.