Geode Capital Management LLC Grows Stock Position in Archrock, Inc. (NYSE:AROC)

Geode Capital Management LLC increased its stake in Archrock, Inc. (NYSE:AROC) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 3,873,691 shares of the energy company’s stock after purchasing an additional 78,710 shares during the quarter. Geode Capital Management LLC owned approximately 2.21% of Archrock worth $96,439,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in AROC. B. Riley Wealth Advisors Inc. boosted its stake in shares of Archrock by 0.9% in the third quarter. B. Riley Wealth Advisors Inc. now owns 50,654 shares of the energy company’s stock worth $1,025,000 after acquiring an additional 427 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Archrock by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 48,091 shares of the energy company’s stock worth $1,197,000 after purchasing an additional 796 shares during the last quarter. Yousif Capital Management LLC raised its holdings in shares of Archrock by 1.6% during the 4th quarter. Yousif Capital Management LLC now owns 66,087 shares of the energy company’s stock worth $1,645,000 after acquiring an additional 1,047 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Archrock by 1.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 61,383 shares of the energy company’s stock valued at $1,528,000 after acquiring an additional 1,108 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of Archrock by 4.4% during the 4th quarter. Mutual of America Capital Management LLC now owns 26,534 shares of the energy company’s stock valued at $660,000 after acquiring an additional 1,126 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

Archrock Trading Down 4.9 %

Shares of NYSE AROC opened at $22.35 on Friday. Archrock, Inc. has a 1-year low of $17.27 and a 1-year high of $30.44. The stock has a market capitalization of $3.92 billion, a P/E ratio of 24.56, a price-to-earnings-growth ratio of 1.60 and a beta of 1.25. The company has a debt-to-equity ratio of 1.73, a current ratio of 1.26 and a quick ratio of 0.82. The business has a fifty day moving average price of $25.82 and a 200 day moving average price of $24.81.

Archrock Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were paid a dividend of $0.19 per share. This is a positive change from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, February 12th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.40%. Archrock’s payout ratio is presently 73.08%.

Analysts Set New Price Targets

Separately, Citigroup boosted their price objective on Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.67.

Archrock 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.