BlackRock Inc. grew its stake in shares of Exterran Corp (NYSE:EXTN) by 0.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,000,578 shares of the energy company’s stock after purchasing an additional 3,039 shares during the quarter. BlackRock Inc. owned about 13.83% of Exterran worth $88,508,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the business. MetLife Investment Advisors LLC boosted its stake in shares of Exterran by 56.9% during the 3rd quarter. MetLife Investment Advisors LLC now owns 23,298 shares of the energy company’s stock worth $618,000 after acquiring an additional 8,449 shares during the period. Arizona State Retirement System boosted its stake in shares of Exterran by 6.2% during the 4th quarter. Arizona State Retirement System now owns 48,437 shares of the energy company’s stock worth $857,000 after acquiring an additional 2,845 shares during the period. AXA boosted its stake in shares of Exterran by 27.9% during the 3rd quarter. AXA now owns 165,950 shares of the energy company’s stock worth $4,403,000 after acquiring an additional 36,235 shares during the period. Marshall Wace LLP bought a new position in shares of Exterran during the 3rd quarter worth approximately $2,544,000. Finally, Assenagon Asset Management S.A. boosted its stake in shares of Exterran by 4.7% during the 4th quarter. Assenagon Asset Management S.A. now owns 169,243 shares of the energy company’s stock worth $2,996,000 after acquiring an additional 7,607 shares during the period. 91.08% of the stock is currently owned by hedge funds and other institutional investors.
EXTN has been the subject of several recent research reports. Zacks Investment Research upgraded Exterran from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Friday, February 1st. TheStreet downgraded Exterran from a “c” rating to a “d+” rating in a research note on Tuesday, February 26th. Finally, ValuEngine upgraded Exterran from a “sell” rating to a “hold” rating in a research note on Monday, April 1st.
Exterran (NYSE:EXTN) last posted its quarterly earnings results on Monday, February 25th. The energy company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.23). Exterran had a return on equity of 1.26% and a net margin of 0.40%. The business had revenue of $332.15 million for the quarter, compared to analyst estimates of $337.50 million. On average, research analysts forecast that Exterran Corp will post 0.03 earnings per share for the current year.
Exterran Corporation, a systems and process company, provides various solutions in the oil, gas, water, and power markets worldwide. The company operates through three segments: contract Operations, Aftermarket Services, and Product Sales. It offers compression, processing, and treating services through the operation of natural gas compression equipment, and crude oil and natural gas production and process equipment; and water treatment and power solutions.
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