ING Groep NV Buys Shares of 214,900 USA Compression Partners, LP $USAC

ING Groep NV purchased a new stake in shares of USA Compression Partners, LP (NYSE:USAC) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 214,900 shares of the oil and gas company’s stock, valued at approximately $5,158,000.

Other hedge funds have also recently made changes to their positions in the company. Alps Advisors Inc. lifted its position in USA Compression Partners by 9.6% during the third quarter. Alps Advisors Inc. now owns 17,105,738 shares of the oil and gas company’s stock valued at $410,538,000 after purchasing an additional 1,500,640 shares during the period. State of Wyoming bought a new stake in USA Compression Partners in the 3rd quarter worth approximately $64,000. CFM Wealth Partners LLC raised its stake in USA Compression Partners by 9.9% during the 3rd quarter. CFM Wealth Partners LLC now owns 92,125 shares of the oil and gas company’s stock valued at $2,211,000 after buying an additional 8,326 shares during the last quarter. MGO One Seven LLC bought a new position in shares of USA Compression Partners during the 3rd quarter valued at $307,000. Finally, D.A. Davidson & CO. lifted its holdings in shares of USA Compression Partners by 4.9% during the 3rd quarter. D.A. Davidson & CO. now owns 24,357 shares of the oil and gas company’s stock valued at $585,000 after buying an additional 1,130 shares during the period. 47.77% of the stock is owned by hedge funds and other institutional investors.

USA Compression Partners Stock Performance

Shares of USA Compression Partners stock opened at $26.44 on Friday. USA Compression Partners, LP has a one year low of $21.59 and a one year high of $28.79. The stock’s fifty day moving average is $24.63 and its 200 day moving average is $24.01. The stock has a market cap of $3.24 billion, a P/E ratio of 33.04 and a beta of 0.23.

USA Compression Partners Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 6th. Shareholders of record on Monday, January 26th were given a $0.525 dividend. The ex-dividend date was Monday, January 26th. This represents a $2.10 dividend on an annualized basis and a yield of 7.9%. USA Compression Partners’s dividend payout ratio is presently 262.50%.

Analysts Set New Price Targets

Several analysts recently commented on USAC shares. Citigroup reaffirmed a “neutral” rating on shares of USA Compression Partners in a report on Tuesday, December 2nd. Zacks Research cut USA Compression Partners from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Wall Street Zen upgraded USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Saturday, February 7th. Finally, Mizuho increased their price objective on shares of USA Compression Partners from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Monday, January 12th. Three investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $25.67.

About USA Compression Partners

USA Compression Partners (NYSE: USAC) is a Houston-based master limited partnership specializing in natural gas compression services for oil and gas producers. The company offers a full suite of midstream compression solutions designed to enhance production flow and optimize field operations. Its core activities include the design, engineering, fabrication, installation, operation and maintenance of natural gas compression equipment onshore across key U.S. basins.

USA Compression’s product and service offerings encompass new equipment deployment, aftermarket parts and component sales, field service support, and instrumentation and control systems.