9,196 Shares in Kodiak Gas Services, Inc. $KGS Purchased by Entropy Technologies LP

Entropy Technologies LP purchased a new position in Kodiak Gas Services, Inc. (NYSE:KGS) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 9,196 shares of the company’s stock, valued at approximately $536,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KGS. Invesco Ltd. increased its stake in shares of Kodiak Gas Services by 20.4% during the 4th quarter. Invesco Ltd. now owns 7,593,274 shares of the company’s stock valued at $283,988,000 after acquiring an additional 1,287,485 shares during the last quarter. Vanguard Group Inc. boosted 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 worth $230,771,000 after acquiring an additional 1,559,172 shares during the last quarter. Zimmer Partners LP grew its holdings in Kodiak Gas Services by 45.7% in the fourth quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock valued at $159,756,000 after purchasing an additional 1,339,849 shares during the period. State Street Corp grew its holdings in Kodiak Gas Services by 31.8% in the fourth quarter. State Street Corp now owns 3,340,008 shares of the company’s stock valued at $124,916,000 after purchasing an additional 806,191 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in Kodiak Gas Services by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock valued at $181,108,000 after purchasing an additional 135,998 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. The Goldman Sachs Group increased their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Stifel Nicolaus boosted their price objective on shares of Kodiak Gas Services from $84.00 to $90.00 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Wells Fargo & Company initiated coverage on shares of Kodiak Gas Services in a research note on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price objective for the company. Royal Bank Of Canada upped their price objective on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, May 18th. Finally, Citigroup increased their target price on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Ten research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Kodiak Gas Services has an average rating of “Moderate Buy” and a consensus price target of $79.33.

Insider Buying and Selling at Kodiak Gas Services

In other news, COO William Chad Lenamon sold 1,000 shares of the stock in a transaction 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 sale, the chief operating officer owned 87,294 shares of the company’s stock, valued at $5,917,660.26. This represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Pedro R. Buhigas sold 4,625 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total transaction of $313,482.50. Following the completion of the transaction, the insider directly owned 38,454 shares in the company, valued at approximately $2,606,412.12. This represents a 10.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,523 shares of company stock worth $921,319 over the last three months. 0.64% of the stock is currently owned by insiders.

Kodiak Gas Services Stock Down 2.4%

Shares of NYSE:KGS opened at $55.18 on Thursday. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. Kodiak Gas Services, Inc. has a 1 year low of $30.06 and a 1 year high of $77.68. The stock has a market capitalization of $4.90 billion, a P/E ratio of 74.56, a PEG ratio of 0.88 and a beta of 0.89. The stock has a 50-day simple moving average of $67.94 and a 200-day simple moving average of $59.99.

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

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.6%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s payout ratio is currently 264.86%.

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.