State of Alaska Department of Revenue Acquires 9,305 Shares of Kodiak Gas Services, Inc. $KGS

State of Alaska Department of Revenue raised its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 25.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,452 shares of the company’s stock after acquiring an additional 9,305 shares during the period. State of Alaska Department of Revenue owned about 0.05% of Kodiak Gas Services worth $1,699,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after acquiring an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after acquiring an additional 1,156 shares during the last quarter. GAMMA Investing LLC grew its position in Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after acquiring an additional 556 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Kodiak Gas Services by 80.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after acquiring an additional 646 shares during the last quarter. Finally, Jones Financial Companies Lllp grew its position in Kodiak Gas Services by 652.4% in the third quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock valued at $60,000 after acquiring an additional 1,383 shares during the last quarter. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Up 0.0%

Shares of NYSE KGS opened at $63.26 on Monday. The company has a 50 day simple moving average of $56.14 and a 200 day simple moving average of $43.44. The firm has a market cap of $5.43 billion, a PE ratio of 72.71, a price-to-earnings-growth ratio of 0.89 and a beta of 0.96. Kodiak Gas Services, Inc. has a 1 year low of $30.06 and a 1 year high of $63.62. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). The business had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.21 EPS. On average, research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio (DPR) is 225.29%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho lifted their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Barclays lifted their target price on Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Citigroup lifted their target price on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus target price of $54.57.

Insiders Place Their Bets

In related news, CAO Ewan William Hamilton sold 5,797 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total value of $325,675.46. Following the completion of the transaction, the chief accounting officer owned 34,346 shares in the company, valued at $1,929,558.28. This trade represents a 14.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Randall J. Hogan acquired 6,000 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The stock was bought at an average cost of $54.81 per share, for a total transaction of $328,860.00. Following the completion of the purchase, the director owned 28,406 shares of the company’s stock, valued at $1,556,932.86. This trade represents a 26.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have purchased 11,433 shares of company stock worth $624,360 and have sold 58,673 shares worth $3,269,110. Corporate insiders own 0.64% of the company’s stock.

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.