Kodiak Gas Services, Inc. (NYSE:KGS) to Issue $0.49 Quarterly Dividend

Kodiak Gas Services, Inc. (NYSE:KGS) declared a quarterly dividend on Thursday, January 29th. Shareholders of record on Friday, February 13th will be given a dividend of 0.49 per share on Friday, February 20th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, February 13th.

Kodiak Gas Services has a dividend payout ratio of 90.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Kodiak Gas Services to earn $2.12 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 92.5%.

Kodiak Gas Services Price Performance

Shares of NYSE:KGS traded up $0.61 on Thursday, reaching $41.11. The company’s stock had a trading volume of 1,091,262 shares, compared to its average volume of 1,183,853. Kodiak Gas Services has a 52-week low of $29.25 and a 52-week high of $50.43. The company has a market cap of $3.56 billion, a P/E ratio of 26.30 and a beta of 1.31. The company has a 50-day simple moving average of $36.91 and a 200 day simple moving average of $35.18. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.14). The business had revenue of $322.74 million for the quarter, compared to analysts’ expectations of $328.23 million. Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.07) earnings per share. As a group, equities research analysts anticipate that Kodiak Gas Services will post 1.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in shares of Kodiak Gas Services by 29.5% in the 3rd quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock worth $233,125,000 after buying an additional 1,436,443 shares during the period. Vanguard Group Inc. raised its holdings in shares of Kodiak Gas Services by 33.8% in the fourth quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock valued at $230,771,000 after acquiring an additional 1,559,172 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Kodiak Gas Services by 19.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,593,033 shares of the company’s stock worth $95,868,000 after acquiring an additional 418,227 shares during the period. Goldman Sachs Group Inc. lifted its stake in Kodiak Gas Services by 58.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after acquiring an additional 730,180 shares during the period. Finally, American Century Companies Inc. grew its holdings in Kodiak Gas Services by 14.1% during the 3rd quarter. American Century Companies Inc. now owns 1,851,322 shares of the company’s stock worth $68,443,000 after acquiring an additional 229,220 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.