Mutual Advisors LLC Boosts Stock Holdings in Kodiak Gas Services, Inc. $KGS

Mutual Advisors LLC boosted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 21.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,613 shares of the company’s stock after buying an additional 4,584 shares during the period. Mutual Advisors LLC’s holdings in Kodiak Gas Services were worth $801,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. TD Asset Management Inc grew its position in shares of Kodiak Gas Services by 42.9% in the second quarter. TD Asset Management Inc now owns 26,916 shares of the company’s stock valued at $922,000 after purchasing an additional 8,074 shares in the last quarter. CWM LLC grew its position in shares of Kodiak Gas Services by 4.3% in the second quarter. CWM LLC now owns 14,804 shares of the company’s stock valued at $507,000 after purchasing an additional 608 shares in the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Kodiak Gas Services by 23.7% in the second quarter. KLP Kapitalforvaltning AS now owns 11,500 shares of the company’s stock valued at $394,000 after purchasing an additional 2,200 shares in the last quarter. 111 Capital purchased a new stake in shares of Kodiak Gas Services in the second quarter valued at approximately $202,000. Finally, Viking Fund Management LLC grew its position in Kodiak Gas Services by 20.3% in the second quarter. Viking Fund Management LLC now owns 89,000 shares of the company’s stock worth $3,050,000 after acquiring an additional 15,000 shares during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $43.00 price objective (up from $42.00) on shares of Kodiak Gas Services in a research report on Monday, June 23rd. Weiss Ratings reiterated a “buy (b-)” rating on shares of Kodiak Gas Services in a research report on Wednesday, October 8th. Zacks Research upgraded Kodiak Gas Services from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 14th. Barclays lowered their price objective on Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Tuesday. Finally, Mizuho increased their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $43.25.

Kodiak Gas Services Trading Up 2.7%

KGS opened at $34.98 on Friday. Kodiak Gas Services, Inc. has a 52 week low of $29.25 and a 52 week high of $50.43. The business has a fifty day simple moving average of $34.91 and a 200-day simple moving average of $34.13. The firm has a market cap of $3.03 billion, a P/E ratio of 38.87 and a beta of 1.32. The company has a quick ratio of 0.78, a current ratio of 1.10 and a debt-to-equity ratio of 1.89.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. Kodiak Gas Services had a return on equity of 10.35% and a net margin of 6.48%.The business had revenue of $322.84 million during the quarter, compared to analyst estimates of $335.10 million. During the same period last year, the business posted $0.06 earnings per share. The company’s quarterly revenue was up 4.2% on a year-over-year basis. On average, equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, August 4th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.1%. The ex-dividend date was Monday, August 4th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 200.00%.

Kodiak Gas Services announced that its Board of Directors has initiated a stock repurchase plan on Monday, August 11th that authorizes the company to repurchase $50.00 million in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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.