Chesapeake Capital Corp IL Invests $672,000 in Kodiak Gas Services, Inc. $KGS

Chesapeake Capital Corp IL purchased a new position in Kodiak Gas Services, Inc. (NYSE:KGS) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 18,188 shares of the company’s stock, valued at approximately $672,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KGS. Allworth Financial LP lifted its holdings in Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after buying an additional 703 shares during the last quarter. EverSource Wealth Advisors LLC raised its position 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 acquiring an additional 1,156 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Kodiak Gas Services by 80.4% during the 3rd 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 in the last quarter. Jones Financial Companies Lllp lifted its stake in Kodiak Gas Services by 652.4% during the third quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock worth $60,000 after purchasing an additional 1,383 shares during the last quarter. Finally, Amplify Investments LLC lifted its stake in Kodiak Gas Services by 35.7% during the third quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after purchasing an additional 700 shares during the last quarter. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Stock Performance

KGS stock opened at $54.27 on Friday. Kodiak Gas Services, Inc. has a 1 year low of $29.25 and a 1 year high of $58.50. The stock has a market capitalization of $4.66 billion, a price-to-earnings ratio of 62.38 and a beta of 1.11. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84. The stock’s fifty day moving average is $46.43 and its two-hundred day moving average is $39.15.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $332.87 million for the quarter, compared to the consensus estimate of $330.95 million. Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The firm’s revenue was up 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.21 EPS. On average, research analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s payout ratio is 225.29%.

Wall Street Analyst Weigh In

Several analysts have weighed in on KGS shares. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Royal Bank Of Canada lifted their price target on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Tuesday, November 18th. Barclays boosted their price objective on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a research report on Thursday, March 5th. Finally, Citigroup increased their price objective on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a research note on Monday, March 2nd. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $51.86.

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.