Archrock, Inc. (NYSE:AROC) Announces Quarterly Dividend of $0.22

Archrock, Inc. (NYSE:AROC) declared a quarterly dividend on Thursday, April 30th. Investors of record on Tuesday, May 12th will be paid a dividend of 0.22 per share by the energy company on Tuesday, May 19th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Tuesday, May 12th.

Archrock has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 3 years. Archrock has a payout ratio of 47.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Archrock to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 41.9%.

Archrock Stock Performance

Shares of NYSE AROC opened at $38.83 on Friday. The stock has a market cap of $6.81 billion, a price-to-earnings ratio of 21.22, a P/E/G ratio of 1.67 and a beta of 0.91. The company has a current ratio of 1.54, a quick ratio of 0.99 and a debt-to-equity ratio of 1.62. Archrock has a 1-year low of $21.17 and a 1-year high of $39.06. The stock’s 50-day moving average is $35.81 and its 200 day moving average is $29.66.

Archrock (NYSE:AROC) last announced its quarterly earnings data on Wednesday, February 25th. The energy company reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.29. The company had revenue of $377.07 million for the quarter, compared to analysts’ expectations of $378.04 million. Archrock had a return on equity of 23.57% and a net margin of 21.63%.Archrock’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm posted $0.34 EPS. On average, sell-side analysts anticipate that Archrock will post 1.9 EPS for the current fiscal year.

Insider Buying and Selling

In other Archrock news, CFO Doug S. Aron sold 98,050 shares of Archrock stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $34.76, for a total value of $3,408,218.00. Following the transaction, the chief financial officer directly owned 484,337 shares of the company’s stock, valued at $16,835,554.12. The trade was a 16.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Donna A. Henderson sold 10,413 shares of Archrock stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $36.74, for a total value of $382,573.62. Following the completion of the transaction, the chief accounting officer directly owned 27,757 shares in the company, valued at $1,019,792.18. This trade represents a 27.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 179,963 shares of company stock worth $6,336,907 over the last ninety days. Insiders own 2.90% of the company’s stock.

Hedge Funds Weigh In On Archrock

A number of large investors have recently bought and sold shares of the stock. Summit Securities Group LLC purchased a new position in Archrock in the 1st quarter worth approximately $36,000. Valued Wealth Advisors LLC bought a new stake in shares of Archrock in the 1st quarter worth approximately $26,000. Abel Hall LLC bought a new stake in shares of Archrock in the 1st quarter worth approximately $308,000. Marietta Investment Partners LLC grew its position in shares of Archrock by 58.2% in the 1st quarter. Marietta Investment Partners LLC now owns 97,928 shares of the energy company’s stock worth $3,408,000 after buying an additional 36,028 shares during the last quarter. Finally, Stephens Inc. AR grew its position in shares of Archrock by 5.5% in the 1st quarter. Stephens Inc. AR now owns 20,611 shares of the energy company’s stock worth $717,000 after buying an additional 1,079 shares during the last quarter. 95.45% of the stock is owned by hedge funds and other institutional investors.

About Archrock

Archrock, Inc is a Houston‐based provider of natural gas compression services and equipment to the oil and gas industry in North America. Founded in 2004, the company supplies both short‐term rentals and long‐term contracts for compression solutions, serving upstream and midstream producers. Archrock’s offerings include engineered compression systems, aftermarket parts, maintenance and field services designed to optimize wellhead and pipeline operations.

The company’s core business activities focus on the design, manufacture, rental and sale of gas compression equipment.