Compound Planning Inc. Purchases Shares of 10,228 Kodiak Gas Services, Inc. $KGS

Compound Planning Inc. purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,228 shares of the company’s stock, valued at approximately $596,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its position 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 purchasing an additional 1,559,172 shares during the period. Invesco Ltd. lifted its position in Kodiak Gas Services by 29.5% during the third 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. CIBC Private Wealth Group LLC lifted its position in Kodiak Gas Services by 3,046.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock worth $55,040,000 after buying an additional 1,424,888 shares during the period. Zimmer Partners LP boosted its stake in Kodiak Gas Services by 45.7% in the 4th quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock worth $159,756,000 after buying an additional 1,339,849 shares during the last quarter. Finally, Eagle Global Advisors LLC acquired a new stake in Kodiak Gas Services in the 4th quarter worth about $39,741,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock opened at $56.42 on Wednesday. The business’s fifty day moving average price is $68.30 and its 200 day moving average price is $59.86. Kodiak Gas Services, Inc. has a twelve month low of $30.06 and a twelve month high of $77.68. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $5.01 billion, a P/E ratio of 76.25, a PEG ratio of 0.90 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. The company had revenue of $345.76 million during the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The firm’s revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share. As a group, research analysts anticipate that Kodiak Gas Services, Inc. will post 2.27 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is 264.86%.

Wall Street Analyst Weigh In

KGS has been the subject of a number of research analyst reports. Piper Sandler started coverage on shares of Kodiak Gas Services in a research note on Tuesday. They set an “overweight” rating and a $78.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Friday, May 29th. Stifel Nicolaus raised their target price on shares of Kodiak Gas Services from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday, July 14th. Citigroup boosted their target price on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, Jefferies Financial Group assumed coverage on shares of Kodiak Gas Services in a research report on Thursday, June 4th. They set a “buy” rating and a $79.00 price target for the company. Ten research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $79.33.

Insider Buying and Selling at Kodiak Gas Services

In related news, insider Pedro R. Buhigas sold 4,625 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total value of $313,482.50. Following the transaction, the insider owned 38,454 shares in the company, valued at approximately $2,606,412.12. This trade represents a 10.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Ewan William Hamilton sold 2,729 shares of Kodiak Gas Services stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total transaction of $187,263.98. Following the transaction, the chief accounting officer directly owned 31,617 shares in the company, valued at approximately $2,169,558.54. This trade represents a 7.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 13,523 shares of company stock worth $921,319 in the last quarter. Company insiders own 0.64% of the company’s stock.

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.