Raymond James Financial Services Advisors Inc. boosted its stake in shares of CSI Compressco LP (NASDAQ:CCLP) by 9.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 122,770 shares of the oil and gas company’s stock after purchasing an additional 10,232 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.35% of CSI Compressco worth $640,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its position in shares of CSI Compressco by 91.7% in the second quarter. FMR LLC now owns 1,353,231 shares of the oil and gas company’s stock valued at $6,563,000 after acquiring an additional 647,176 shares during the period. Airain ltd bought a new stake in shares of CSI Compressco in the second quarter valued at about $796,000. Renaissance Technologies LLC boosted its position in shares of CSI Compressco by 99.3% in the first quarter. Renaissance Technologies LLC now owns 76,912 shares of the oil and gas company’s stock valued at $754,000 after acquiring an additional 38,319 shares during the period. Virtu KCG Holdings LLC bought a new stake in shares of CSI Compressco in the second quarter valued at about $146,000. Finally, Aegis Financial Corp boosted its position in shares of CSI Compressco by 22.0% in the second quarter. Aegis Financial Corp now owns 61,000 shares of the oil and gas company’s stock valued at $296,000 after acquiring an additional 11,000 shares during the period. 27.92% of the stock is owned by hedge funds and other institutional investors.

Shares of CSI Compressco LP (CCLP) opened at $5.20 on Tuesday. CSI Compressco LP has a 52-week low of $4.12 and a 52-week high of $13.54. The company has a quick ratio of 0.98, a current ratio of 1.75 and a debt-to-equity ratio of 4.92.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Wednesday, November 1st were given a dividend of $0.1875 per share. The ex-dividend date was Tuesday, October 31st. This represents a $0.75 annualized dividend and a yield of 14.42%. CSI Compressco’s dividend payout ratio is -60.00%.

A number of equities research analysts have recently issued reports on CCLP shares. Zacks Investment Research cut shares of CSI Compressco from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Bank of America cut their price objective on shares of CSI Compressco from $6.50 to $5.00 and set an “underperform” rating for the company in a research report on Wednesday, August 23rd. Royal Bank Of Canada reaffirmed a “hold” rating and set a $8.00 price objective on shares of CSI Compressco in a research report on Monday, August 21st. Stifel Nicolaus set a $5.00 price objective on shares of CSI Compressco and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, ValuEngine raised shares of CSI Compressco from a “strong sell” rating to a “sell” rating in a research report on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. CSI Compressco presently has an average rating of “Hold” and a consensus target price of $5.33.

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CSI Compressco Profile

CSI Compressco LP is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing and storage. The Company sells custom-designed compressor packages and oilfield fluid pump systems, and provides aftermarket services and compressor package parts and components manufactured by third-party suppliers.

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Institutional Ownership by Quarter for CSI Compressco (NASDAQ:CCLP)

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