Voleon Capital Management LP Acquires Shares of 21,212 Kodiak Gas Services, Inc. (NYSE:KGS)

Voleon Capital Management LP acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 21,212 shares of the company’s stock, valued at approximately $866,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KGS. Tidal Investments LLC bought a new stake in Kodiak Gas Services in the third quarter worth $598,000. Victory Capital Management Inc. raised its stake in shares of Kodiak Gas Services by 155.8% in the fourth quarter. Victory Capital Management Inc. now owns 262,329 shares of the company’s stock valued at $10,711,000 after acquiring an additional 159,772 shares during the period. Bailard Inc. bought a new stake in shares of Kodiak Gas Services in the 4th quarter worth about $363,000. Kestra Private Wealth Services LLC boosted its stake in shares of Kodiak Gas Services by 57.7% during the 4th quarter. Kestra Private Wealth Services LLC now owns 18,634 shares of the company’s stock worth $761,000 after purchasing an additional 6,818 shares during the period. Finally, SG Americas Securities LLC grew its holdings in Kodiak Gas Services by 305.7% during the 4th quarter. SG Americas Securities LLC now owns 17,515 shares of the company’s stock valued at $715,000 after purchasing an additional 13,198 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of KGS stock opened at $35.26 on Friday. The stock’s 50-day moving average is $36.00 and its 200 day moving average is $39.00. Kodiak Gas Services, Inc. has a 1-year low of $24.84 and a 1-year high of $50.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The company has a market cap of $3.13 billion, a P/E ratio of 121.57 and a beta of 1.52.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). The firm had revenue of $309.52 million during the quarter, compared to analysts’ expectations of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. Research analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, May 5th. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.11%. Kodiak Gas Services’s dividend payout ratio is presently 305.08%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KGS. Mizuho boosted their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Citigroup increased their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Truist Financial upped their price target on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the company an “outperform” rating in a research report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.45.

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.