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Archrock (AROC) declares a dividend of $0.15

ProDentim

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Archrock said on April 28, 2023 that its board of directors had declared a regular quarterly dividend of $0.15 per share ($0.60 annualized). Previously, the company paid $0.15 per share.

Shares must be purchased before the ex-div date of May 8, 2023 to be eligible for the dividend. Shareholders of record as of May 9, 2023 will receive payment on May 16, 2023.

At the current share price of $10.29/share, the dividend yield of the stock is 5.83%.

Looking back five years and taking a sample each week, the average dividend yield was 6.82%, the lowest 3.76% and the highest 17.11%. The standard deviation of returns is 2.16 (n=237).

The current dividend yield is 0.46 standard deviations below the historical average.

Additionally, the company’s dividend payout ratio is 2.12. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.

The company’s 3-year dividend growth rate is 0.03%, demonstrating that it has increased its dividend over time.

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What is fund sentiment?

There are 488 funds or institutions reporting positions in Archrock. This is an increase of 12 owner(s) or 2.52% over the last quarter. Average portfolio weight of all funds dedicated to AROC is 0.12%, an increase of 20.40%. The total number of shares held by institutions has decreased by 0.87% over the past three months to 150,975,000 shares. AROC’s put/call ratio is 0.05, indicating a bullish outlook.

Analyst price forecast suggests 35.47% upside

As of April 24, 2023, the one-year average price target for Archrock was 13.94. The forecast ranges from a low of 13.13 to a high of $15.75. The average price target represents a 35.47% increase from its last published closing price of 10.29.

Check out our ranking of companies with the biggest upward price target.

Archrock’s projected annual revenue is 988MM, an increase of 16.82%. Projected annual non-GAAP EPS is 0.43.

What are the other shareholders doing?

AROC / Archrock Inc shares held by institutions

Earnest Partners holds 14,242,000 shares representing 9.09% ownership of the company. In its previous filing, the company said it held 14,321,000 shares, which represents a decrease by 0.55%. The company increase its portfolio allocation in AROC of 26.93% over the last quarter.

IJR – iShares Core S&P Small-Cap ETF holds 9,918,000 shares representing 6.33% ownership of the company. In its previous filing, the company said it held 9,799,000 shares, representing a raise of 1.19%. The company increase its portfolio allocation in AROC of 28.79% over the last quarter.

Invesco holds 9,681,000 shares representing 6.18% ownership of the company. In its previous filing, the company said it held 9,252,000 shares, representing a raise of 4.43%. The company increase its portfolio allocation in AROC of 33.19% over the last quarter.

MLPEX – Invesco Oppenheimer SteelPath MLP Select 40 Fund Class C holds 7,580,000 shares representing 4.84% ownership of the company. No change in the last quarter.

Bank Of America holds 7,097,000 shares representing 4.53% ownership of the company. In its previous filing, the company said it held 7,207,000 shares, representing a decrease 1.54%. The company increase its portfolio allocation in AROC of 31.28% over the last quarter.

General information about Archrock
(This description is provided by the company.)

Archrock is an energy infrastructure company focused solely on the intermediate compression of natural gas. Archrock is the leading provider of natural gas compression services to customers in the petroleum and natural gas industry in the United States and one of the leading providers of aftermarket services to customers who own compression equipment in the United States. -United. Archrock is headquartered in Houston, Texas.

This story originally appeared on Fintel.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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