USA Compression Partners LP (NYSE:USAC) Major Shareholder Sells $729,082.96 in Stock

USA Compression Partners LP (NYSE:USAC) major shareholder Veteran Equity Aggregator Eig sold 29,446 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $24.76, for a total transaction of $729,082.96. Following the sale, the insider now directly owns 5,684,870 shares of the company’s stock, valued at $140,757,381.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Veteran Equity Aggregator Eig also recently made the following trade(s):

• On Wednesday, May 22nd, Veteran Equity Aggregator Eig sold 65,432 shares of USA Compression Partners stock. The shares were sold at an average price of $24.47, for a total transaction of $1,601,121.04.
• On Friday, May 17th, Veteran Equity Aggregator Eig sold 44,527 shares of USA Compression Partners stock. The shares were sold at an average price of $24.29, for a total transaction of $1,081,560.83.
• On Wednesday, May 15th, Veteran Equity Aggregator Eig sold 19,388 shares of USA Compression Partners stock. The shares were sold at an average price of $24.12, for a total transaction of $467,638.56.
• On Monday, May 13th, Veteran Equity Aggregator Eig sold 6,672 shares of USA Compression Partners stock. The shares were sold at an average price of $24.21, for a total transaction of $161,529.12.
• On Thursday, May 9th, Veteran Equity Aggregator Eig sold 9,713 shares of USA Compression Partners stock. The shares were sold at an average price of $25.14, for a total transaction of $244,184.82.
• On Tuesday, May 7th, Veteran Equity Aggregator Eig sold 24,565 shares of USA Compression Partners stock. The shares were sold at an average price of $24.87, for a total transaction of $610,931.55.
• On Thursday, April 4th, Veteran Equity Aggregator Eig sold 5,889,297 shares of USA Compression Partners stock. The shares were sold at an average price of $25.12, for a total transaction of $147,939,140.64.

USA Compression Partners Stock Performance

USA Compression Partners stock opened at $23.99 on Friday. The firm has a market cap of $2.47 billion, a PE ratio of 58.51 and a beta of 1.30. USA Compression Partners LP has a twelve month low of $18.48 and a twelve month high of $28.47. The firm’s 50 day moving average price is $25.63 and its two-hundred day moving average price is $25.07.

USA Compression Partners Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Monday, April 22nd were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 8.75%. The ex-dividend date of this dividend was Friday, April 19th. USA Compression Partners’s dividend payout ratio is 512.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Raymond James boosted their price target on shares of USA Compression Partners from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. StockNews.com upgraded shares of USA Compression Partners from a “hold” rating to a “buy” rating in a research note on Thursday, May 16th. Finally, Mizuho upped their price objective on shares of USA Compression Partners from $22.00 to $23.00 and gave the company an “underperform” rating in a research note on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, USA Compression Partners has an average rating of “Hold” and a consensus target price of $24.75.

Institutional Trading of USA Compression Partners

Large investors have recently added to or reduced their stakes in the business. Barclays PLC grew its position in USA Compression Partners by 3,008.6% in the third quarter. Barclays PLC now owns 72,618 shares of the oil and gas company’s stock worth $1,733,000 after acquiring an additional 70,282 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC grew its position in USA Compression Partners by 6.7% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 224,114 shares of the oil and gas company’s stock worth $5,347,000 after acquiring an additional 14,000 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in USA Compression Partners by 1.9% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 463,298 shares of the oil and gas company’s stock worth $10,577,000 after acquiring an additional 8,659 shares in the last quarter. Global Retirement Partners LLC bought a new stake in USA Compression Partners in the fourth quarter worth approximately $258,000. Finally, CFM Wealth Partners LLC bought a new stake in USA Compression Partners in the fourth quarter worth approximately $1,543,000. 47.77% of the stock is owned by institutional investors.

About USA Compression Partners

USA Compression Partners, LP provides compression services under term contracts with customers in the natural gas and crude oil industries in the United States. The company engineers, designs, operates, services, and repairs its compression units; and maintains related support inventory and equipment.