Global X Management Co. LLC increased its stake in shares of Archrock, Inc. (NYSE:AROC) by 68.7% during the second quarter, Holdings Channel reports. The institutional investor owned 486,715 shares of the energy company’s stock after buying an additional 198,167 shares during the period. Global X Management Co. LLC’s holdings in Archrock were worth $5,549,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Louisiana State Employees Retirement System raised its stake in Archrock by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the energy company’s stock valued at $329,000 after buying an additional 200 shares during the last quarter. Texas Permanent School Fund raised its stake in Archrock by 0.6% in the first quarter. Texas Permanent School Fund now owns 51,072 shares of the energy company’s stock valued at $633,000 after buying an additional 288 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Archrock by 0.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,616 shares of the energy company’s stock valued at $1,074,000 after buying an additional 571 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its stake in Archrock by 4.9% in the second quarter. Municipal Employees Retirement System of Michigan now owns 16,650 shares of the energy company’s stock valued at $190,000 after buying an additional 780 shares during the last quarter. Finally, Arizona State Retirement System raised its stake in Archrock by 2.5% in the first quarter. Arizona State Retirement System now owns 36,781 shares of the energy company’s stock valued at $456,000 after buying an additional 900 shares during the last quarter. Institutional investors own 88.53% of the company’s stock.

Archrock, Inc. (AROC) opened at 9.35 on Friday. Archrock, Inc. has a 52 week low of $9.10 and a 52 week high of $16.40. The company’s market cap is $663.28 million. The stock has a 50 day moving average of $10.96 and a 200 day moving average of $12.17.

Archrock (NYSE:AROC) last issued its quarterly earnings data on Tuesday, August 1st. The energy company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.08. Archrock had a negative net margin of 8.57% and a negative return on equity of 3.44%. The firm had revenue of $198 million for the quarter, compared to the consensus estimate of $196 million. The business’s revenue was up 4.2% on a year-over-year basis. On average, analysts expect that Archrock, Inc. will post ($0.20) earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Stockholders of record on Tuesday, August 8th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Friday, August 4th.

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Several research firms recently commented on AROC. Zacks Investment Research raised shares of Archrock from a “sell” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Thursday, May 25th. BidaskClub raised shares of Archrock from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Capital One Financial Corporation lowered shares of Archrock from an “overweight” rating to an “equal weight” rating in a research note on Friday, June 23rd. Royal Bank Of Canada reissued a “hold” rating and set a $15.00 price objective on shares of Archrock in a research note on Friday, April 21st. Finally, J P Morgan Chase & Co reissued a “neutral” rating and set a $12.00 price objective (down previously from $13.00) on shares of Archrock in a research note on Tuesday. Three research analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. Archrock currently has a consensus rating of “Hold” and an average target price of $13.29.

Archrock Company Profile

Archrock, Inc is a natural gas contract operations services company. The Company also provides natural gas compression services to customers in the oil and natural gas industry throughout the United States and supplies aftermarket services to customers that own compression equipment in the United States.

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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