HWG Holdings LP Acquires New Position in Kodiak Gas Services, Inc. (NYSE:KGS)

HWG Holdings LP acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,462 shares of the company’s stock, valued at approximately $40,000.

Other hedge funds have also recently modified their holdings of the company. Security National Bank purchased a new stake in shares of Kodiak Gas Services in the second quarter valued at about $39,000. PNC Financial Services Group Inc. purchased a new position in Kodiak Gas Services during the fourth quarter worth about $46,000. nVerses Capital LLC boosted its stake in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after buying an additional 1,000 shares during the period. Parallel Advisors LLC purchased a new position in Kodiak Gas Services during the fourth quarter worth about $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Kodiak Gas Services by 115.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock worth $155,000 after buying an additional 3,045 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on KGS shares. Bank of America started coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They set a “buy” rating and a $30.00 target price for the company. Citigroup started coverage on shares of Kodiak Gas Services in a research note on Friday. They set a “buy” rating and a $35.00 target price for the company. Redburn Atlantic started coverage on shares of Kodiak Gas Services in a research note on Thursday, September 19th. They set a “buy” rating and a $35.00 target price for the company. Truist Financial increased their target price on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, Barclays began coverage on shares of Kodiak Gas Services in a research report on Wednesday, July 17th. They set an “equal weight” rating and a $29.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $32.10.

Kodiak Gas Services Stock Up 1.7 %

Shares of NYSE:KGS opened at $29.24 on Monday. The firm’s 50 day moving average price is $27.44 and its 200 day moving average price is $27.26. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 33.23 and a beta of 0.89. Kodiak Gas Services, Inc. has a fifty-two week low of $16.72 and a fifty-two week high of $30.52. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.70.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). The firm had revenue of $309.65 million during the quarter, compared to analyst estimates of $313.88 million. Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. As a group, equities research analysts predict that Kodiak Gas Services, Inc. will post 1.15 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were issued a $0.41 dividend. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.38. The ex-dividend date was Monday, August 12th. This represents a $1.64 annualized dividend and a yield of 5.61%. Kodiak Gas Services’s dividend payout ratio (DPR) is 186.36%.

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.