BNP Paribas Financial Markets Purchases Shares of 29,204 Kodiak Gas Services, Inc. (NYSE:KGS)

BNP Paribas Financial Markets purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 29,204 shares of the company’s stock, valued at approximately $1,192,000.

Several other hedge funds also recently added to or reduced their stakes in KGS. Comerica Bank raised its position in shares of Kodiak Gas Services by 710.1% in the fourth quarter. Comerica Bank now owns 721 shares of the company’s stock worth $29,000 after acquiring an additional 632 shares during the period. Sterling Capital Management LLC raised its position in shares of Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock worth $31,000 after acquiring an additional 701 shares during the period. Amalgamated Bank raised its position in shares of Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after acquiring an additional 588 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of Kodiak Gas Services in the fourth quarter worth about $49,000. Finally, Summit Investment Advisors Inc. raised its position in shares of Kodiak Gas Services by 72.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,406 shares of the company’s stock worth $139,000 after acquiring an additional 1,431 shares during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on KGS. Truist Financial upped their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Mizuho upped their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Finally, Barclays reduced their price target on shares of Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $41.45.

Kodiak Gas Services Stock Down 0.1%

Shares of NYSE KGS opened at $35.47 on Tuesday. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43. The stock has a market cap of $3.15 billion, a PE ratio of 122.31 and a beta of 1.59. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The company has a 50-day moving average of $35.19 and a 200 day moving average of $39.45.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The company had revenue of $329.64 million during the quarter, compared to analysts’ expectations of $328.45 million. During the same quarter in the prior year, the company earned $0.39 EPS. Kodiak Gas Services’s revenue was up 52.9% compared to the same quarter last year. As a group, sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 5.07%. The ex-dividend date was Monday, May 5th. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.41. Kodiak Gas Services’s dividend payout ratio is currently 339.62%.

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.