Voleon Capital Management LP Invests $866,000 in Kodiak Gas Services, Inc. (NYSE:KGS)

Voleon Capital Management LP acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 21,212 shares of the company’s stock, valued at approximately $866,000.

A number of other institutional investors and hedge funds have also bought and sold shares of KGS. Tidal Investments LLC bought a new position in Kodiak Gas Services in the 3rd quarter valued at approximately $598,000. Victory Capital Management Inc. lifted its holdings in shares of Kodiak Gas Services by 155.8% during the fourth quarter. Victory Capital Management Inc. now owns 262,329 shares of the company’s stock valued at $10,711,000 after purchasing an additional 159,772 shares in the last quarter. Bailard Inc. purchased a new stake in shares of Kodiak Gas Services during the fourth quarter valued at $363,000. Kestra Private Wealth Services LLC increased its holdings in Kodiak Gas Services by 57.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 18,634 shares of the company’s stock worth $761,000 after buying an additional 6,818 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Kodiak Gas Services by 305.7% during the 4th quarter. SG Americas Securities LLC now owns 17,515 shares of the company’s stock valued at $715,000 after acquiring an additional 13,198 shares during the period. 24.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KGS has been the subject of several research reports. Mizuho boosted their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Barclays lowered their price objective on shares of Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. Finally, Truist Financial boosted their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.45.

Kodiak Gas Services Stock Up 3.7 %

Shares of KGS opened at $35.26 on Friday. The business’s 50 day moving average is $36.00 and its 200 day moving average is $39.00. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43. The company has a market capitalization of $3.13 billion, a PE ratio of 121.57 and a beta of 1.52.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The company had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Research analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.11%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, May 5th. Kodiak Gas Services’s payout ratio is 305.08%.

Kodiak Gas Services Profile

Kodiak Gas Services, Inc operates contract compression infrastructure for customers in the oil and gas industry in the United States. It operates in two segments, Compression Operations and Other Services. The Compression Operations segment operates company-owned and customer-owned compression infrastructure to enable the production, gathering, and transportation of natural gas and oil.