State of Alaska Department of Revenue Takes Position in Kodiak Gas Services, Inc. $KGS

State of Alaska Department of Revenue bought a new position in Kodiak Gas Services, Inc. (NYSE:KGS) in the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 36,147 shares of the company’s stock, valued at approximately $1,336,000.

Several other hedge funds also recently made changes to their positions in KGS. Allworth Financial LP increased its stake in shares of Kodiak Gas Services by 1,850.0% in the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after acquiring an additional 703 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after purchasing an additional 1,156 shares in the last quarter. Amplify Investments LLC increased its stake in shares of Kodiak Gas Services by 35.7% during the third quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock valued at $98,000 after purchasing an additional 700 shares in the last quarter. Salem Investment Counselors Inc. lifted its holdings in shares of Kodiak Gas Services by 100.0% during the third quarter. Salem Investment Counselors Inc. now owns 3,000 shares of the company’s stock valued at $111,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Kodiak Gas Services in the 2nd quarter worth approximately $159,000. 24.95% of the stock is currently owned by institutional investors.

Kodiak Gas Services Price Performance

Shares of KGS opened at $37.76 on Friday. The firm has a fifty day simple moving average of $35.79 and a two-hundred day simple moving average of $34.74. The firm has a market cap of $3.27 billion, a PE ratio of 47.20 and a beta of 1.31. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08. Kodiak Gas Services, Inc. has a 1-year low of $29.25 and a 1-year high of $50.43.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). The firm had revenue of $322.74 million during the quarter, compared to the consensus estimate of $328.23 million. Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The business’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.07) EPS. On average, equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Investors of record on Monday, November 3rd were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 5.2%. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.45. The ex-dividend date was Monday, November 3rd. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 245.00%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KGS shares. Mizuho reduced their price objective on Kodiak Gas Services from $47.00 to $44.00 and set an “outperform” rating for the company in a research report on Wednesday, December 3rd. Zacks Research lowered shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Stifel Nicolaus set a $48.00 price target on shares of Kodiak Gas Services in a report on Thursday, November 6th. Finally, Royal Bank Of Canada raised their price target on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Seven analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.83.

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.