Exterran Co. (EXTN) Position Cut by First Trust Advisors LP

First Trust Advisors LP trimmed its stake in Exterran Co. (NYSE:EXTN) by 66.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,628 shares of the energy company’s stock after selling 28,965 shares during the quarter. First Trust Advisors LP’s holdings in Exterran were worth $460,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in Exterran by 0.4% in the third quarter. Dimensional Fund Advisors LP now owns 3,018,678 shares of the energy company’s stock valued at $95,420,000 after purchasing an additional 11,177 shares during the period. Ameriprise Financial Inc. grew its holdings in Exterran by 18.4% in the third quarter. Ameriprise Financial Inc. now owns 985,167 shares of the energy company’s stock valued at $31,142,000 after purchasing an additional 153,195 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Exterran by 26.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 292,326 shares of the energy company’s stock valued at $9,191,000 after purchasing an additional 62,000 shares during the period. Cornerstone Capital Management Holdings LLC. grew its holdings in Exterran by 5.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 184,662 shares of the energy company’s stock valued at $5,836,000 after purchasing an additional 10,100 shares during the period. Finally, California Public Employees Retirement System grew its holdings in Exterran by 17.3% in the fourth quarter. California Public Employees Retirement System now owns 125,492 shares of the energy company’s stock valued at $3,945,000 after purchasing an additional 18,512 shares during the period. Hedge funds and other institutional investors own 90.73% of the company’s stock.

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EXTN has been the subject of several research reports. TheStreet upgraded shares of Exterran from a “d+” rating to a “c+” rating in a research note on Wednesday, December 13th. ValuEngine upgraded shares of Exterran from a “sell” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research upgraded shares of Exterran from a “hold” rating to a “buy” rating and set a $31.00 price objective for the company in a research note on Wednesday, March 21st.

NYSE:EXTN opened at $26.70 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.33 and a debt-to-equity ratio of 0.66. Exterran Co. has a 52-week low of $23.29 and a 52-week high of $33.69. The company has a market cap of $954.28, a price-to-earnings ratio of -68.46 and a beta of 1.00.

Exterran (NYSE:EXTN) last released its quarterly earnings data 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). Exterran had a return on equity of 0.26% and a net margin of 2.65%. The business had revenue of $337.69 million for the quarter, compared to analysts’ expectations of $361.50 million. research analysts predict that Exterran Co. will post 0.59 earnings per share for the current fiscal year.

In other news, Director William M. Goodyear bought 2,100 shares of the firm’s stock in a transaction dated Thursday, March 8th. The stock was acquired at an average cost of $27.56 per share, for a total transaction of $57,876.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Girish Saligram sold 7,500 shares of the company’s stock in a transaction on Monday, January 29th. The shares were sold at an average price of $30.25, for a total transaction of $226,875.00. The disclosure for this sale can be found here. 2.20% of the stock is owned by insiders.

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Exterran Company Profile

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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Institutional Ownership by Quarter for Exterran (NYSE:EXTN)

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