Archrock, Inc. (AROC) Position Lowered by ClariVest Asset Management LLC
ClariVest Asset Management LLC lessened its position in shares of Archrock, Inc. (NYSE:AROC) by 10.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 300,467 shares of the energy company’s stock after selling 35,320 shares during the quarter. ClariVest Asset Management LLC owned about 0.42% of Archrock worth $3,772,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake in shares of Archrock by 0.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 29,392 shares of the energy company’s stock worth $335,000 after acquiring an additional 119 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Archrock by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 28,900 shares of the energy company’s stock worth $329,000 after acquiring an additional 200 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Archrock by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 36,981 shares of the energy company’s stock worth $422,000 after acquiring an additional 200 shares in the last quarter. Pacad Investment Ltd. raised its stake in shares of Archrock by 6.0% during the 2nd quarter. Pacad Investment Ltd. now owns 8,900 shares of the energy company’s stock worth $101,000 after acquiring an additional 500 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Archrock by 1.1% during the 2nd quarter. Wells Fargo & Company MN now owns 51,947 shares of the energy company’s stock worth $593,000 after purchasing an additional 573 shares during the last quarter. Hedge funds and other institutional investors own 88.63% of the company’s stock.
Shares of Archrock, Inc. (NYSE AROC) traded up $0.25 during midday trading on Monday, reaching $9.75. 214,600 shares of the company were exchanged, compared to its average volume of 574,020. Archrock, Inc. has a 12-month low of $8.30 and a 12-month high of $16.40. The company has a current ratio of 1.63, a quick ratio of 0.94 and a debt-to-equity ratio of 1.99.
Archrock (NYSE:AROC) last posted its quarterly earnings data on Thursday, November 2nd. The energy company reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.08) by ($0.01). The company had revenue of $197.85 million for the quarter, compared to analyst estimates of $202.34 million. Archrock had a negative return on equity of 2.93% and a negative net margin of 8.62%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 earnings per share. research analysts anticipate that Archrock, Inc. will post -0.23 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 15th. Stockholders of record on Wednesday, November 8th were given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date was Tuesday, November 7th. Archrock’s dividend payout ratio (DPR) is -48.98%.
AROC has been the topic of several research analyst reports. Zacks Investment Research raised shares of Archrock from a “sell” rating to a “hold” rating in a research report on Monday, September 25th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Archrock in a report on Wednesday, September 27th. Finally, BidaskClub raised shares of Archrock from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. Archrock presently has a consensus rating of “Hold” and a consensus target price of $13.29.
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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