Archrock, Inc. (NYSE:AROC) Shares Purchased by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund lifted its stake in shares of Archrock, Inc. (NYSE:AROC) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 41,164 shares of the energy company’s stock after purchasing an additional 1,400 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Archrock were worth $1,025,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Cavalier Investments LLC raised its stake in shares of Archrock by 4.3% during the fourth quarter. Cavalier Investments LLC now owns 32,660 shares of the energy company’s stock valued at $813,000 after purchasing an additional 1,344 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in shares of Archrock by 4.7% during the fourth quarter. Illinois Municipal Retirement Fund now owns 86,620 shares of the energy company’s stock valued at $2,156,000 after purchasing an additional 3,923 shares in the last quarter. Amalgamated Bank raised its stake in shares of Archrock by 3.1% during the fourth quarter. Amalgamated Bank now owns 51,068 shares of the energy company’s stock valued at $1,271,000 after purchasing an additional 1,555 shares in the last quarter. Navellier & Associates Inc. raised its stake in shares of Archrock by 4.0% during the fourth quarter. Navellier & Associates Inc. now owns 223,310 shares of the energy company’s stock valued at $5,558,000 after purchasing an additional 8,656 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its stake in shares of Archrock by 111.8% during the fourth quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock valued at $37,000 after purchasing an additional 14,200 shares in the last quarter. 95.45% of the stock is currently owned by institutional investors.

Archrock Price Performance

Shares of Archrock stock opened at $27.12 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.82 and a debt-to-equity ratio of 1.73. The company’s 50-day moving average price is $27.28 and its two-hundred day moving average price is $23.71. Archrock, Inc. has a 52 week low of $17.26 and a 52 week high of $30.44. The stock has a market cap of $4.75 billion, a PE ratio of 29.80, a price-to-earnings-growth ratio of 1.60 and a beta of 1.57.

Archrock Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 19th. Shareholders of record on Wednesday, February 12th were issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.80%. The ex-dividend date was Wednesday, February 12th. This is an increase from Archrock’s previous quarterly dividend of $0.18. Archrock’s payout ratio is presently 73.08%.

Analyst Ratings Changes

A number of brokerages recently weighed in on AROC. JPMorgan Chase & Co. lifted their price objective on shares of Archrock from $25.00 to $27.00 and gave the company an “overweight” rating in a research note on Friday, November 29th. Royal Bank of Canada boosted their price target on shares of Archrock from $26.00 to $27.00 and gave the stock an “outperform” rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $25.17.

Archrock Company Profile

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.