Exterran Corp (EXTN) Stake Decreased by Axa

Axa reduced its holdings in Exterran Corp (NYSE:EXTN) by 38.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,026 shares of the energy company’s stock after selling 21,488 shares during the quarter. Axa owned about 0.10% of Exterran worth $1,070,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of EXTN. Lazard Asset Management LLC bought a new stake in shares of Exterran during the fourth quarter valued at approximately $333,000. Allianz Asset Management GmbH bought a new stake in shares of Exterran during the fourth quarter valued at approximately $410,000. Ascend Capital LLC bought a new stake in shares of Exterran during the fourth quarter valued at approximately $1,287,000. BlackRock Inc. boosted its position in shares of Exterran by 4.9% during the fourth quarter. BlackRock Inc. now owns 4,909,339 shares of the energy company’s stock valued at $154,351,000 after purchasing an additional 230,426 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Exterran by 14.2% during the fourth quarter. Rhumbline Advisers now owns 79,392 shares of the energy company’s stock valued at $2,496,000 after purchasing an additional 9,874 shares in the last quarter. Hedge funds and other institutional investors own 90.73% of the company’s stock.

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Several research firms recently weighed in on EXTN. Zacks Investment Research lowered Exterran from a “buy” rating to a “hold” rating in a research report on Thursday. ValuEngine upgraded Exterran from a “sell” rating to a “hold” rating in a research report on Sunday, December 31st. Finally, TheStreet upgraded Exterran from a “d+” rating to a “c+” rating in a research report on Wednesday, December 13th.

In related news, Director William M. Goodyear acquired 2,100 shares of the stock in a transaction on Thursday, March 8th. The stock was acquired at an average price of $27.56 per share, for a total transaction of $57,876.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Girish Saligram sold 7,500 shares of Exterran stock in a transaction on Monday, January 29th. The shares were sold at an average price of $30.25, for a total value of $226,875.00. The disclosure for this sale can be found here. 2.20% of the stock is currently owned by insiders.

Exterran Corp (EXTN) opened at $27.74 on Friday. The stock has a market capitalization of $1,003.61, a price-to-earnings ratio of 29.83 and a beta of 1.00. Exterran Corp has a one year low of $23.29 and a one year high of $33.69. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.06 and a current ratio of 1.33.

Exterran (NYSE:EXTN) last announced its quarterly earnings data on Monday, February 26th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.14). The company had revenue of $337.69 million for the quarter, compared to analysts’ expectations of $361.50 million. Exterran had a net margin of 2.65% and a return on equity of 0.26%. equities research analysts forecast that Exterran Corp will post 0.59 EPS for the current fiscal year.

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Exterran Profile

Exterran Corporation provides compression, production and processing products and services that support the production and transportation of oil and natural gas around the world. The Company operates through three segments: contract operations, aftermarket services, and oil and gas product sales. The contract operations segment provides natural gas compression services, production and processing equipment services, and maintenance services to meet specific customer requirements on assets owned by it.

Institutional Ownership by Quarter for Exterran (NYSE:EXTN)

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