MBM Wealth Consultants LLC Makes New Investment in Kodiak Gas Services, Inc. $KGS

MBM Wealth Consultants LLC purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the fourth quarter, HoldingsChannel reports. The fund purchased 8,234 shares of the company’s stock, valued at approximately $308,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Kodiak Gas Services by 492.8% during the 3rd quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock worth $14,753,000 after acquiring an additional 331,732 shares during the period. Rhumbline Advisers lifted its holdings in shares of Kodiak Gas Services by 126.9% in the 3rd quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock valued at $6,624,000 after buying an additional 100,194 shares during the period. Public Sector Pension Investment Board acquired a new position in shares of Kodiak Gas Services in the 3rd quarter valued at about $9,491,000. Viking Fund Management LLC lifted its holdings in shares of Kodiak Gas Services by 42.7% in the 3rd quarter. Viking Fund Management LLC now owns 127,000 shares of the company’s stock valued at $4,695,000 after buying an additional 38,000 shares during the period. Finally, New York State Common Retirement Fund lifted its holdings in shares of Kodiak Gas Services by 395.1% in the 3rd quarter. New York State Common Retirement Fund now owns 84,838 shares of the company’s stock valued at $3,136,000 after buying an additional 67,704 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analysts Set New Price Targets

KGS has been the subject of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Citigroup boosted their price objective on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Barclays boosted their price objective on Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Finally, Zacks Research cut Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 7th. Seven research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.57.

Insider Buying and Selling

In related news, CAO Ewan William Hamilton sold 5,797 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $56.18, for a total value of $325,675.46. Following the completion of the transaction, the chief accounting officer owned 34,346 shares of the company’s stock, valued at approximately $1,929,558.28. This represents a 14.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Cory Anne Roclawski sold 21,161 shares of the company’s stock in a transaction dated Thursday, March 12th. The stock was sold at an average price of $56.52, for a total value of $1,196,019.72. Following the completion of the transaction, the executive vice president directly owned 42,257 shares of the company’s stock, valued at $2,388,365.64. The trade was a 33.37% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have acquired 11,433 shares of company stock worth $624,360 and have sold 58,673 shares worth $3,269,110. 0.64% of the stock is owned by company insiders.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $62.16 on Friday. The stock has a market cap of $5.34 billion, a PE ratio of 71.44, a price-to-earnings-growth ratio of 0.87 and a beta of 0.96. Kodiak Gas Services, Inc. has a 52-week low of $30.06 and a 52-week high of $63.62. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12. The business has a 50-day simple moving average of $55.87 and a 200-day simple moving average of $43.17.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The business had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS. On average, equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were issued a $0.49 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.2%. Kodiak Gas Services’s dividend payout ratio is presently 225.29%.

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