B. Riley Wealth Advisors Inc. Buys 427 Shares of Archrock, Inc. (NYSE:AROC)

B. Riley Wealth Advisors Inc. boosted its stake in shares of Archrock, Inc. (NYSE:AROC) by 0.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 50,654 shares of the energy company’s stock after buying an additional 427 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Archrock were worth $1,025,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Verition Fund Management LLC acquired a new stake in Archrock during the third quarter worth approximately $314,000. Algert Global LLC grew its position in shares of Archrock by 175.7% during the 2nd quarter. Algert Global LLC now owns 567,240 shares of the energy company’s stock worth $11,470,000 after buying an additional 361,520 shares during the period. Crossmark Global Holdings Inc. bought a new stake in shares of Archrock in the 3rd quarter valued at $200,000. Quest Partners LLC lifted its position in shares of Archrock by 145.8% during the 2nd quarter. Quest Partners LLC now owns 76,650 shares of the energy company’s stock valued at $1,550,000 after acquiring an additional 45,466 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of Archrock by 93.5% during the 3rd quarter. Van ECK Associates Corp now owns 68,251 shares of the energy company’s stock valued at $1,383,000 after acquiring an additional 32,971 shares during the period. Institutional investors and hedge funds own 95.45% of the company’s stock.

Archrock Trading Down 2.3 %

Shares of AROC stock opened at $25.59 on Wednesday. The firm has a market cap of $4.48 billion, a P/E ratio of 28.23 and a beta of 1.59. Archrock, Inc. has a 12-month low of $14.39 and a 12-month high of $27.05. The business has a 50-day moving average price of $23.09 and a two-hundred day moving average price of $21.14. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73.

Archrock (NYSE:AROC) last issued its earnings results on Monday, November 11th. The energy company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Archrock had a return on equity of 16.24% and a net margin of 13.34%. The company had revenue of $292.16 million during the quarter, compared to analysts’ expectations of $286.19 million. During the same period in the prior year, the business posted $0.20 EPS. Archrock’s quarterly revenue was up 15.3% compared to the same quarter last year. Equities analysts anticipate that Archrock, Inc. will post 1.09 EPS for the current fiscal year.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, November 6th were issued a $0.175 dividend. This represents a $0.70 annualized dividend and a yield of 2.74%. This is an increase from Archrock’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, November 6th. Archrock’s payout ratio is 76.92%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on AROC. Evercore ISI initiated coverage on shares of Archrock in a report on Wednesday, September 25th. They set an “outperform” rating and a $24.00 price objective on the stock. JPMorgan Chase & Co. upped their price target on Archrock from $25.00 to $27.00 and gave the stock an “overweight” rating in a research note on Friday, November 29th. Citigroup started coverage on Archrock in a research note on Friday, September 27th. They issued a “buy” rating and a $24.00 price objective for the company. Royal Bank of Canada upped their target price on Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. Finally, Mizuho assumed coverage on shares of Archrock in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $24.00 price target for the company. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $25.17.

About Archrock

Archrock, Inc, together with its subsidiaries, operates as an energy infrastructure company in the United States. The company operates in two segments, Contract Operations and Aftermarket Services. It engages in the designing, sourcing, owning, installing, operating, servicing, repairing, and maintaining of its owned fleet of natural gas compression equipment to provide natural gas compression services.