Bank of America Corp DE Makes New Investment in Archrock, Inc. $AROC
MarketBeat
Bank of America Corp DE has made a significant new investment in Archrock, Inc. (NYSE:AROC), acquiring 6.44 million shares valued at approximately $262.1 million, representing 3.67% of the company. This comes as Archrock reported quarterly results that missed analyst expectations but also announced an increased quarterly dividend. Analysts maintain a "Moderate Buy" consensus for Archrock despite the mixed financial performance.
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