Archrock, Inc. (NYSE:AROC) Shares Acquired by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in Archrock, Inc. (NYSE:AROC) by 3.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,554 shares of the energy company’s stock after purchasing an additional 3,149 shares during the period. State of Alaska Department of Revenue’s holdings in Archrock were worth $2,477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Creative Planning raised its position in shares of Archrock by 58.3% during the 2nd quarter. Creative Planning now owns 22,998 shares of the energy company’s stock valued at $465,000 after buying an additional 8,468 shares during the period. GAMMA Investing LLC raised its position in Archrock by 29.6% in the third quarter. GAMMA Investing LLC now owns 5,251 shares of the energy company’s stock valued at $106,000 after purchasing an additional 1,199 shares during the period. CWM LLC raised its position in Archrock by 168.4% in the third quarter. CWM LLC now owns 9,638 shares of the energy company’s stock valued at $195,000 after purchasing an additional 6,047 shares during the period. Exchange Traded Concepts LLC lifted its stake in shares of Archrock by 38.7% in the 3rd quarter. Exchange Traded Concepts LLC now owns 353,341 shares of the energy company’s stock valued at $7,152,000 after purchasing an additional 98,560 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new stake in shares of Archrock during the 3rd quarter worth about $370,000. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Trading Up 2.3 %

NYSE AROC opened at $28.63 on Tuesday. Archrock, Inc. has a 52 week low of $16.05 and a 52 week high of $30.44. The firm has a 50 day moving average of $26.75 and a two-hundred day moving average of $22.98. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The stock has a market capitalization of $5.01 billion, a PE ratio of 31.46, a price-to-earnings-growth ratio of 1.70 and a beta of 1.57.

Archrock (NYSE:AROC) last released its quarterly earnings data on Monday, November 11th. The energy company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The business’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.20 EPS. As a group, research analysts expect that Archrock, Inc. will post 1.12 EPS for the current fiscal year.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th will be issued a $0.19 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.18. The ex-dividend date is Wednesday, February 12th. This represents a $0.76 annualized dividend and a dividend yield of 2.65%. Archrock’s dividend payout ratio is presently 83.52%.

Analyst Upgrades and Downgrades

A number of research firms have commented on AROC. Royal Bank of Canada upped their target price on shares of Archrock from $26.00 to $27.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. JPMorgan Chase & Co. increased their price objective on shares of Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research report on Friday, November 29th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $25.17.

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.