Huber Capital Management LLC Buys Shares of 54,396 Kodiak Gas Services, Inc. (NYSE:KGS)

Huber Capital Management LLC purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 54,396 shares of the company’s stock, valued at approximately $1,483,000. Huber Capital Management LLC owned about 0.06% of Kodiak Gas Services at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Swiss National Bank acquired a new stake in shares of Kodiak Gas Services during the fourth quarter worth $920,000. Parallel Advisors LLC bought a new position in shares of Kodiak Gas Services in the 4th quarter worth about $60,000. Tortoise Index Solutions LLC lifted its stake in shares of Kodiak Gas Services by 12.9% in the 4th quarter. Tortoise Index Solutions LLC now owns 21,488 shares of the company’s stock valued at $431,000 after purchasing an additional 2,448 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Kodiak Gas Services by 20.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock valued at $25,695,000 after purchasing an additional 215,570 shares in the last quarter. Finally, PNC Financial Services Group Inc. acquired a new stake in Kodiak Gas Services during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KGS. Barclays assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, July 17th. They set an “equal weight” rating and a $29.00 target price on the stock. Redburn Atlantic began coverage on Kodiak Gas Services in a research report on Thursday. They set a “buy” rating and a $35.00 target price on the stock. Royal Bank of Canada upped their price objective on shares of Kodiak Gas Services from $30.00 to $31.00 and gave the stock an “outperform” rating in a report on Wednesday, August 21st. Bank of America assumed coverage on shares of Kodiak Gas Services in a report on Wednesday. They set a “buy” rating and a $30.00 price objective for the company. Finally, Truist Financial upped their target price on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $31.78.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $29.59 on Friday. The stock has a 50 day moving average of $27.38 and a 200 day moving average of $27.12. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.70. Kodiak Gas Services, Inc. has a 12 month low of $16.72 and a 12 month high of $29.91. The company has a market capitalization of $2.49 billion, a price-to-earnings ratio of 33.62 and a beta of 0.90.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). The company had revenue of $309.65 million for the quarter, compared to analysts’ expectations of $313.88 million. Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. As a group, sell-side analysts forecast that Kodiak Gas Services, Inc. will post 1.15 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Monday, August 12th were given a $0.41 dividend. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date of this dividend was Monday, August 12th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 186.36%.

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.