Macquarie Group Ltd. cut its position in Exterran Co. (NYSE:EXTN) by 82.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,200 shares of the energy company’s stock after selling 14,900 shares during the quarter. Macquarie Group Ltd.’s holdings in Exterran were worth $101,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its stake in Exterran by 32.2% in the 4th quarter. Meeder Asset Management Inc. now owns 11,533 shares of the energy company’s stock valued at $363,000 after buying an additional 2,809 shares during the last quarter. KBC Group NV grew its position in Exterran by 17.9% in the 4th quarter. KBC Group NV now owns 25,374 shares of the energy company’s stock worth $798,000 after purchasing an additional 3,857 shares during the last quarter. Cigna Investments Inc. New acquired a new stake in Exterran in the 4th quarter worth $221,000. Paloma Partners Management Co acquired a new stake in Exterran in the 4th quarter worth $297,000. Finally, Rhumbline Advisers grew its position in Exterran by 14.2% in the 4th quarter. Rhumbline Advisers now owns 79,392 shares of the energy company’s stock worth $2,496,000 after purchasing an additional 9,874 shares during the last quarter. Institutional investors and hedge funds own 90.73% of the company’s stock.
EXTN has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Exterran from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, March 21st. ValuEngine upgraded shares of Exterran from a “sell” rating to a “hold” rating in a research report on Wednesday.
In other news, SVP Girish Saligram sold 7,500 shares of the firm’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $30.25, for a total transaction of $226,875.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William M. Goodyear acquired 2,100 shares of Exterran stock in a transaction dated Thursday, March 8th. The shares were acquired at an average cost of $27.56 per share, with a total value of $57,876.00. The disclosure for this purchase can be found here. Company insiders own 2.20% of the company’s stock.
NYSE EXTN opened at $30.72 on Thursday. The company has a current ratio of 1.33, a quick ratio of 1.06 and a debt-to-equity ratio of 0.66. The firm has a market capitalization of $1,044.35, a price-to-earnings ratio of -78.77 and a beta of 0.91. Exterran Co. has a 52-week low of $23.29 and a 52-week high of $33.69.
Exterran (NYSE:EXTN) last posted its quarterly earnings results on Monday, February 26th. The energy company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.14). The company had revenue of $337.69 million during the quarter, compared to analyst estimates of $361.50 million. Exterran had a return on equity of 0.26% and a net margin of 2.65%. research analysts forecast that Exterran Co. will post 0.59 EPS for the current fiscal year.
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Exterran Corporation engages in the compression, production, and processing of products and services for the oil and natural gas industry worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. Its contract operation services include personnel, equipment, tools, materials, and supplies.
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