Dimensional Fund Advisors LP Sells 109,552 Shares of Archrock, Inc. (NYSE:AROC)

Dimensional Fund Advisors LP lessened its holdings in shares of Archrock, Inc. (NYSE:AROC) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,003,132 shares of the energy company’s stock after selling 109,552 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.14% of Archrock worth $224,089,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AROC. Wolverine Asset Management LLC lifted its position in shares of Archrock by 111.8% in the 4th quarter. Wolverine Asset Management LLC now owns 1,504 shares of the energy company’s stock worth $37,000 after purchasing an additional 14,200 shares during the period. Montag A & Associates Inc. purchased a new stake in Archrock in the fourth quarter worth about $55,000. R Squared Ltd bought a new stake in Archrock during the 4th quarter valued at approximately $76,000. Hantz Financial Services Inc. purchased a new position in shares of Archrock during the 4th quarter worth approximately $107,000. Finally, Covestor Ltd raised its position in shares of Archrock by 580.6% in the 4th quarter. Covestor Ltd now owns 4,485 shares of the energy company’s stock worth $111,000 after acquiring an additional 3,826 shares in the last quarter. Hedge funds and other institutional investors own 95.45% of the company’s stock.

Analyst Ratings Changes

Separately, Citigroup upped their price target on Archrock from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.67.

Archrock Stock Performance

Archrock stock opened at $23.12 on Wednesday. Archrock, Inc. has a twelve month low of $17.27 and a twelve month high of $30.44. The company has a quick ratio of 0.82, a current ratio of 1.26 and a debt-to-equity ratio of 1.73. The company has a market capitalization of $4.05 billion, a P/E ratio of 25.41, a PEG ratio of 1.60 and a beta of 1.25. The stock’s 50 day moving average is $25.06 and its 200 day moving average is $24.96.

Archrock Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 19th. Stockholders of record on Wednesday, February 12th were paid a $0.19 dividend. This is a boost from Archrock’s previous quarterly dividend of $0.18. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date of this dividend was Wednesday, February 12th. Archrock’s dividend payout ratio is currently 73.08%.

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.