42,122 Shares in Kodiak Gas Services, Inc. $KGS Acquired by NFJ Investment Group LLC

NFJ Investment Group LLC purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 42,122 shares of the company’s stock, valued at approximately $3,165,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KGS. Van ECK Associates Corp increased its position in shares of Kodiak Gas Services by 0.9% in the fourth quarter. Van ECK Associates Corp now owns 23,640 shares of the company’s stock worth $884,000 after acquiring an additional 209 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Kodiak Gas Services by 29.5% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,545 shares of the company’s stock valued at $90,000 after acquiring an additional 352 shares in the last quarter. Comerica Bank boosted its position in Kodiak Gas Services by 1.8% during the 4th quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after purchasing an additional 357 shares during the period. Aurora Investment Counsel boosted its position in Kodiak Gas Services by 0.6% during the 4th quarter. Aurora Investment Counsel now owns 67,192 shares of the company’s stock worth $2,513,000 after purchasing an additional 397 shares during the period. Finally, Captrust Financial Advisors increased its holdings in Kodiak Gas Services by 2.7% in the 2nd quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock valued at $580,000 after purchasing an additional 448 shares in the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on KGS shares. The Goldman Sachs Group raised their price objective on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Barclays lowered their target price on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Piper Sandler assumed coverage on Kodiak Gas Services in a report on Tuesday, July 28th. They set an “overweight” rating and a $78.00 target price on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Finally, Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Ten investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $78.89.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $60.35 on Friday. Kodiak Gas Services, Inc. has a 12-month low of $32.55 and a 12-month high of $77.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 71.85, a price-to-earnings-growth ratio of 0.87 and a beta of 0.97. The firm’s fifty day moving average price is $65.34 and its 200 day moving average price is $62.45.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). The firm had revenue of $391.12 million during the quarter, compared to analysts’ expectations of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. On average, research analysts forecast that Kodiak Gas Services, Inc. will post 2.46 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be paid a $0.49 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.96 annualized dividend and a dividend yield of 3.2%. Kodiak Gas Services’s payout ratio is 233.33%.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, CAO Ewan William Hamilton sold 2,729 shares of Kodiak Gas Services stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total transaction of $187,263.98. Following the sale, the chief accounting officer directly owned 31,617 shares in the company, valued at $2,169,558.54. The trade was a 7.95% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO William Chad Lenamon sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $67.79, for a total value of $67,790.00. Following the completion of the transaction, the chief operating officer directly owned 87,294 shares in the company, valued at approximately $5,917,660.26. The trade was a 1.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,531 shares of company stock valued at $1,296,158 in the last three months. 0.64% of the stock is currently owned by company insiders.

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