Metropolitan Life Insurance Co. NY cut its position in Archrock Inc (NYSE:AROC) by 6.2% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 49,409 shares of the energy company’s stock after selling 3,250 shares during the period. Metropolitan Life Insurance Co. NY owned approximately 0.07% of Archrock worth $652,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of AROC. BlackRock Fund Advisors boosted its position in shares of Archrock by 5.7% in the third quarter. BlackRock Fund Advisors now owns 5,120,956 shares of the energy company’s stock valued at $66,982,000 after buying an additional 277,756 shares during the last quarter. State Street Corp raised its stake in Archrock by 8.2% in the fourth quarter. State Street Corp now owns 2,160,468 shares of the energy company’s stock valued at $28,518,000 after buying an additional 163,066 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Archrock by 4.8% in the third quarter. Bank of New York Mellon Corp now owns 1,496,130 shares of the energy company’s stock valued at $19,569,000 after buying an additional 67,971 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Archrock by 50.7% in the third quarter. JPMorgan Chase & Co. now owns 1,453,011 shares of the energy company’s stock valued at $19,005,000 after buying an additional 489,098 shares during the last quarter. Finally, William Blair Investment Management LLC raised its stake in Archrock by 17.2% in the fourth quarter. William Blair Investment Management LLC now owns 1,209,603 shares of the energy company’s stock valued at $15,967,000 after buying an additional 177,263 shares during the last quarter. Hedge funds and other institutional investors own 89.93% of the company’s stock.
Archrock Inc (NYSE:AROC) traded up 1.66% during trading on Thursday, reaching $12.25. 133,473 shares of the company’s stock were exchanged. Archrock Inc has a 52 week low of $5.60 and a 52 week high of $16.40. The stock has a 50-day moving average of $12.61 and a 200-day moving average of $13.40. The stock’s market capitalization is $864.09 million.
Archrock (NYSE:AROC) last issued its quarterly earnings data on Thursday, February 23rd. The energy company reported ($0.06) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by $0.03. The business had revenue of $152 million for the quarter, compared to analyst estimates of $156.60 million. Archrock had a negative return on equity of 1.48% and a negative net margin of 17.11%. The business’s quarterly revenue was down 19.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.08 EPS. On average, equities research analysts anticipate that Archrock Inc will post ($0.08) EPS for the current year.
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Several analysts have commented on the stock. Simmons increased their price target on shares of Archrock from $14.25 to $14.75 and gave the company a “neutral” rating in a research report on Tuesday, April 11th. Scotiabank reissued a “hold” rating and set a $16.00 price target on shares of Archrock in a research report on Friday, March 31st. Finally, JPMorgan Chase & Co. started coverage on shares of Archrock in a research report on Friday, January 6th. They set a “neutral” rating and a $13.00 price target for the company. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Archrock currently has an average rating of “Hold” and an average target price of $12.82.
In other Archrock news, CFO David S. Miller sold 3,265 shares of the stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $13.23, for a total transaction of $43,195.95. Following the completion of the transaction, the chief financial officer now owns 123,971 shares in the company, valued at approximately $1,640,136.33. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Donald Wayne sold 3,647 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $13.21, for a total value of $48,176.87. Following the completion of the transaction, the senior vice president now owns 143,556 shares of the company’s stock, valued at approximately $1,896,374.76. The disclosure for this sale can be found here. In the last quarter, insiders have sold 26,694 shares of company stock valued at $353,076. Corporate insiders own 2.60% of the company’s stock.
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.
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