5,236 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Purchased by Ellevest Inc.

Ellevest Inc. purchased a new position in Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,236 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after acquiring an additional 342 shares in the last quarter. Comerica Bank raised its stake in shares of Kodiak Gas Services by 710.1% during the fourth quarter. Comerica Bank now owns 721 shares of the company’s stock valued at $29,000 after acquiring an additional 632 shares in the last quarter. Sterling Capital Management LLC raised its stake in shares of Kodiak Gas Services by 1,322.6% during the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock valued at $31,000 after acquiring an additional 701 shares in the last quarter. Amalgamated Bank raised its stake in shares of Kodiak Gas Services by 112.6% during the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after acquiring an additional 588 shares in the last quarter. Finally, Transcendent Capital Group LLC bought a new stake in shares of Kodiak Gas Services during the fourth quarter valued at approximately $49,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Analysts Set New Price Targets

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

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $35.56 on Monday. The business’s fifty day simple moving average is $35.16 and its 200-day simple moving average is $39.27. The company has a market cap of $3.15 billion, a PE ratio of 122.62 and a beta of 1.59. 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.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The business had revenue of $329.64 million for the quarter, compared to the consensus estimate of $328.45 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The business’s quarterly revenue was up 52.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.39 earnings per share. 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, May 5th. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.06%. Kodiak Gas Services’s payout ratio is 339.62%.

Kodiak Gas Services Company 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.