123,200 Shares in Archrock Inc (AROC) Purchased by Bailard Inc.

Bailard Inc. bought a new position in shares of Archrock Inc (NYSE:AROC) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 123,200 shares of the energy company’s stock, valued at approximately $1,294,000. Bailard Inc. owned 0.16% of Archrock at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of AROC. Wells Fargo & Company MN raised its stake in shares of Archrock by 1.1% in the 2nd quarter. Wells Fargo & Company MN now owns 51,947 shares of the energy company’s stock valued at $593,000 after acquiring an additional 573 shares during the period. TIAA CREF Investment Management LLC raised its stake in shares of Archrock by 38.4% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 325,569 shares of the energy company’s stock valued at $3,711,000 after acquiring an additional 90,289 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Archrock by 0.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 29,392 shares of the energy company’s stock valued at $335,000 after acquiring an additional 119 shares during the period. Northern Trust Corp raised its stake in shares of Archrock by 3.1% in the 2nd quarter. Northern Trust Corp now owns 866,022 shares of the energy company’s stock valued at $9,872,000 after acquiring an additional 25,951 shares during the period. Finally, FMR LLC raised its stake in shares of Archrock by 29.1% in the 2nd quarter. FMR LLC now owns 1,107,577 shares of the energy company’s stock valued at $12,626,000 after acquiring an additional 249,914 shares during the period. 83.47% of the stock is currently owned by institutional investors.

AROC has been the topic of a number of research analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $14.00 price target on shares of Archrock in a research note on Thursday, January 4th. Piper Jaffray Companies raised shares of Archrock from a “neutral” rating to an “overweight” rating in a research note on Friday, January 26th. Zacks Investment Research downgraded shares of Archrock from a “hold” rating to a “strong sell” rating in a research note on Friday, November 10th. BidaskClub downgraded shares of Archrock from a “hold” rating to a “sell” rating in a research note on Wednesday, November 15th. Finally, B. Riley set a $12.00 price target on shares of Archrock and gave the company a “hold” rating in a research note on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Archrock currently has an average rating of “Hold” and a consensus target price of $13.25.

Shares of Archrock Inc (AROC) opened at $9.35 on Friday. Archrock Inc has a 52 week low of $8.30 and a 52 week high of $16.30. The firm has a market cap of $660.45, a P/E ratio of -9.64 and a beta of 3.13. The company has a current ratio of 1.63, a quick ratio of 0.94 and a debt-to-equity ratio of 1.99.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 14th. Investors of record on Thursday, February 8th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 5.13%. The ex-dividend date of this dividend was Wednesday, February 7th. Archrock’s payout ratio is currently -49.48%.

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Archrock 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.

Institutional Ownership by Quarter for Archrock (NYSE:AROC)

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