31,168 Shares in Kodiak Gas Services, Inc. $KGS Acquired by Tyler Stone Wealth Management

Tyler Stone Wealth Management acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 31,168 shares of the company’s stock, valued at approximately $1,068,000.

A number of other hedge funds also recently modified their holdings of the business. US Bancorp DE grew its holdings in shares of Kodiak Gas Services by 36,918.2% during the first quarter. US Bancorp DE now owns 4,072 shares of the company’s stock valued at $152,000 after buying an additional 4,061 shares in the last quarter. Vanguard Group Inc. lifted its stake in Kodiak Gas Services by 9.0% in the 1st quarter. Vanguard Group Inc. now owns 2,897,588 shares of the company’s stock worth $108,080,000 after acquiring an additional 238,573 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Kodiak Gas Services by 17.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 362,834 shares of the company’s stock worth $13,534,000 after acquiring an additional 53,155 shares during the period. Deutsche Bank AG grew its stake in Kodiak Gas Services by 71.3% during the 1st quarter. Deutsche Bank AG now owns 97,019 shares of the company’s stock valued at $3,619,000 after acquiring an additional 40,375 shares in the last quarter. Finally, Swiss National Bank increased its holdings in shares of Kodiak Gas Services by 61.9% in the 1st quarter. Swiss National Bank now owns 93,100 shares of the company’s stock valued at $3,473,000 after purchasing an additional 35,600 shares during the period. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Trading Down 1.9%

Shares of NYSE:KGS opened at $37.22 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08. The stock has a market capitalization of $3.23 billion, a PE ratio of 46.52 and a beta of 1.33. Kodiak Gas Services, Inc. has a 1 year low of $29.25 and a 1 year high of $50.43. The firm has a fifty day moving average price of $35.05 and a 200 day moving average price of $34.43.

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

Kodiak Gas Services Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, November 3rd. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.45. This represents a $1.96 dividend on an annualized basis and a yield of 5.3%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 245.00%.

Analyst Upgrades and Downgrades

KGS has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of Kodiak Gas Services from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 8th. Stifel Nicolaus set a $48.00 price objective on Kodiak Gas Services in a report on Thursday, November 6th. Royal Bank Of Canada lifted their price objective on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Finally, William Blair began coverage on Kodiak Gas Services in a research report on Tuesday, November 18th. They issued an “outperform” rating on the stock. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services currently has an average rating of “Moderate Buy” and a consensus price target of $44.29.

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.