Rhumbline Advisers Has $3.89 Million Stake in Archrock, Inc. (NYSE:AROC)

Rhumbline Advisers decreased its position in Archrock, Inc. (NYSE:AROC) by 1.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 436,796 shares of the energy company’s stock after selling 5,784 shares during the period. Rhumbline Advisers’ holdings in Archrock were worth $3,892,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Teacher Retirement System of Texas raised its stake in shares of Archrock by 17.5% in the 2nd quarter. Teacher Retirement System of Texas now owns 17,093 shares of the energy company’s stock valued at $152,000 after purchasing an additional 2,546 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of Archrock in the 2nd quarter valued at about $289,000. Envestnet Asset Management Inc. raised its stake in shares of Archrock by 7.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 328,292 shares of the energy company’s stock valued at $2,925,000 after purchasing an additional 23,624 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Archrock by 2.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 94,337 shares of the energy company’s stock valued at $841,000 after purchasing an additional 2,019 shares during the period. Finally, Advisor Group Holdings Inc. raised its stake in shares of Archrock by 8.4% in the 2nd quarter. Advisor Group Holdings Inc. now owns 46,034 shares of the energy company’s stock valued at $410,000 after purchasing an additional 3,549 shares during the period. 78.84% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research raised Archrock from a “sell” rating to a “hold” rating in a research report on Wednesday, June 30th.

NYSE:AROC opened at $7.90 on Friday. The company has a debt-to-equity ratio of 1.76, a quick ratio of 0.97 and a current ratio of 1.50. The stock’s 50-day simple moving average is $7.97 and its 200 day simple moving average is $8.94. The company has a market cap of $1.22 billion, a P/E ratio of 32.92 and a beta of 2.21. Archrock, Inc. has a 52-week low of $5.15 and a 52-week high of $10.80.

Archrock (NYSE:AROC) last released its earnings results on Wednesday, July 28th. The energy company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. The business had revenue of $195.62 million for the quarter, compared to the consensus estimate of $202.24 million. Archrock had a return on equity of 5.77% and a net margin of 4.53%. As a group, equities analysts predict that Archrock, Inc. will post 0.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 16th. Shareholders of record on Monday, August 9th were given a dividend of $0.145 per share. This represents a $0.58 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date of this dividend was Friday, August 6th. Archrock’s dividend payout ratio (DPR) is presently 126.09%.

Archrock Profile

Archrock, Inc engages in the provision of operations, maintenance, service and equipment for oil and natural gas production, processing and transportation applications. It operates through the following segments: Contract Operations and Aftermarket Services. The Contract Operations segment consists of equity investment in the partnership, in addition to the owned fleet of natural gas compression equipment that the company use to provide operations services.

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Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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