WealthTrust Axiom LLC Has $1.14 Million Position in CSI Compressco LP (NASDAQ:CCLP)
WealthTrust Axiom LLC raised its stake in shares of CSI Compressco LP (NASDAQ:CCLP) by 13.8% during the second quarter, according to its most recent filing with the SEC. The fund owned 235,575 shares of the oil and gas company’s stock after buying an additional 28,516 shares during the period. WealthTrust Axiom LLC’s holdings in CSI Compressco were worth $1,142,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in the stock. Parkwood LLC boosted its position in CSI Compressco by 69.8% in the second quarter. Parkwood LLC now owns 111,621 shares of the oil and gas company’s stock valued at $541,000 after buying an additional 45,900 shares during the period. Renaissance Technologies LLC boosted its position in CSI Compressco by 99.3% in the first quarter. Renaissance Technologies LLC now owns 76,912 shares of the oil and gas company’s stock valued at $754,000 after buying an additional 38,319 shares during the period. Citadel Advisors LLC purchased a new position in CSI Compressco during the first quarter valued at $136,000. Robotti Robert boosted its position in CSI Compressco by 38.6% in the first quarter. Robotti Robert now owns 32,320 shares of the oil and gas company’s stock valued at $317,000 after buying an additional 9,000 shares during the last quarter. Finally, OppenheimerFunds Inc. boosted its position in CSI Compressco by 1.8% in the first quarter. OppenheimerFunds Inc. now owns 3,050,772 shares of the oil and gas company’s stock valued at $29,898,000 after buying an additional 54,809 shares during the last quarter. 28.66% of the stock is currently owned by institutional investors and hedge funds.
CSI Compressco LP (NASDAQ CCLP) opened at 4.47 on Friday. CSI Compressco LP has a 12-month low of $4.12 and a 12-month high of $13.54. The firm’s market cap is $154.19 million.
CSI Compressco (NASDAQ:CCLP) last announced its quarterly earnings data on Tuesday, May 9th. The oil and gas company reported ($0.46) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by $0.27. The company had revenue of $65.55 million for the quarter, compared to analysts’ expectations of $70.55 million. CSI Compressco had a negative net margin of 23.79% and a negative return on equity of 47.53%. Equities analysts forecast that CSI Compressco LP will post ($1.07) earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 14th. Stockholders of record on Tuesday, August 1st will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 16.78%. The ex-dividend date is Friday, July 28th. CSI Compressco’s dividend payout ratio (DPR) is presently -52.45%.
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Several equities analysts have recently weighed in on CCLP shares. Zacks Investment Research raised CSI Compressco from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Stifel Nicolaus lowered their price target on CSI Compressco from $9.00 to $6.00 and set a “hold” rating on the stock in a report on Wednesday, May 10th. Finally, Royal Bank Of Canada lowered their price target on CSI Compressco from $12.00 to $9.00 and set a “sector perform” rating on the stock in a report on Monday, April 24th.
About CSI Compressco
CSI Compressco LP is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. The Company sells custom-designed compressor packages and oilfield fluid pump systems, and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers.
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