Mutual Advisors LLC Buys 4,584 Shares of Kodiak Gas Services, Inc. $KGS

Mutual Advisors LLC boosted its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 21.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,613 shares of the company’s stock after purchasing an additional 4,584 shares during the quarter. Mutual Advisors LLC’s holdings in Kodiak Gas Services were worth $801,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of KGS. T. Rowe Price Investment Management Inc. bought a new stake in shares of Kodiak Gas Services during the 1st quarter valued at about $40,648,000. Goldman Sachs Group Inc. increased its stake in Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after purchasing an additional 730,180 shares during the period. Think Investments LP purchased a new position in shares of Kodiak Gas Services during the first quarter valued at approximately $23,678,000. Teacher Retirement System of Texas bought a new stake in shares of Kodiak Gas Services during the first quarter valued at approximately $19,784,000. Finally, Zimmer Partners LP boosted its holdings in Kodiak Gas Services by 14.2% in the first quarter. Zimmer Partners LP now owns 3,824,063 shares of the company’s stock worth $142,638,000 after acquiring an additional 476,363 shares in the last quarter. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock opened at $34.98 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 1.89. Kodiak Gas Services, Inc. has a twelve month low of $29.25 and a twelve month high of $50.43. The business has a 50-day moving average price of $34.91 and a 200 day moving average price of $34.13. The firm has a market cap of $3.03 billion, a PE ratio of 38.87 and a beta of 1.32.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. Kodiak Gas Services had a return on equity of 10.35% and a net margin of 6.48%.The firm had revenue of $322.84 million during the quarter, compared to analyst estimates of $335.10 million. During the same quarter in the previous year, the business earned $0.06 EPS. Kodiak Gas Services’s revenue for the quarter was up 4.2% compared to the same quarter last year. Sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services announced that its board has approved a stock buyback program on Monday, August 11th that permits the company to buyback $50.00 million in shares. This buyback authorization permits the company to repurchase up to 1.8% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Shareholders of record on Monday, August 4th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.1%. The ex-dividend date was Monday, August 4th. Kodiak Gas Services’s payout ratio is 200.00%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Royal Bank Of Canada upped their price objective on Kodiak Gas Services from $42.00 to $43.00 and gave the company an “outperform” rating in a research report on Wednesday, August 13th. Barclays reduced their price target on Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Tuesday. Zacks Research raised Kodiak Gas Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Mizuho raised their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Kodiak Gas Services in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $43.25.

About Kodiak Gas Services

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.