Oregon Public Employees Retirement Fund Takes Position in Kodiak Gas Services, Inc. $KGS

Oregon Public Employees Retirement Fund acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 14,800 shares of the company’s stock, valued at approximately $547,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Allworth Financial LP grew its holdings in Kodiak Gas Services by 1,850.0% in the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after purchasing an additional 703 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Kodiak Gas Services by 1,501.3% during the 2nd 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 during the last quarter. Amplify Investments LLC boosted its position in shares of Kodiak Gas Services by 35.7% in the 3rd quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after purchasing an additional 700 shares in the last quarter. Salem Investment Counselors Inc. grew its stake in Kodiak Gas Services by 100.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 3,000 shares of the company’s stock worth $111,000 after buying an additional 1,500 shares during the last quarter. Finally, Fourth Dimension Wealth LLC acquired a new position in Kodiak Gas Services during the 2nd quarter valued at about $159,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on KGS. Barclays raised Kodiak Gas Services from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $35.00 to $42.00 in a report on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Royal Bank Of Canada boosted their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Tuesday, November 18th. Finally, Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, January 3rd. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Kodiak Gas Services has a consensus rating of “Moderate Buy” and a consensus price target of $44.83.

Kodiak Gas Services Stock Up 2.6%

KGS stock opened at $37.76 on Monday. The company has a market capitalization of $3.27 billion, a P/E ratio of 47.20 and a beta of 1.31. Kodiak Gas Services, Inc. has a 12 month low of $29.25 and a 12 month high of $50.43. The firm’s fifty day simple moving average is $35.79 and its 200-day simple moving average is $34.75. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.69.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Tuesday, November 4th. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.14). Kodiak Gas Services had a net margin of 5.84% and a return on equity of 10.37%. The business had revenue of $322.74 million for the quarter, compared to analyst estimates of $328.23 million. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

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

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.