Rhumbline Advisers Has $816,000 Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Rhumbline Advisers boosted its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 36.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 29,943 shares of the company’s stock after purchasing an additional 7,995 shares during the period. Rhumbline Advisers’ holdings in Kodiak Gas Services were worth $816,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Security National Bank acquired a new stake in Kodiak Gas Services in the 2nd quarter valued at about $39,000. nVerses Capital LLC lifted its stake in Kodiak Gas Services by 90.9% in the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after purchasing an additional 1,000 shares during the last quarter. PNC Financial Services Group Inc. acquired a new stake in Kodiak Gas Services in the 4th quarter valued at about $46,000. Parallel Advisors LLC acquired a new stake in Kodiak Gas Services in the 4th quarter valued at about $60,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Kodiak Gas Services by 115.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock valued at $155,000 after purchasing an additional 3,045 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on KGS shares. Barclays started 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 price objective for the company. Bank of America started coverage on shares of Kodiak Gas Services in a research report on Wednesday, September 18th. They set a “buy” rating and a $30.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Kodiak Gas Services from $30.00 to $31.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. Truist Financial raised their price objective on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Thursday, August 15th. Finally, Stifel Nicolaus raised their price objective on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $31.78.

Kodiak Gas Services Stock Up 0.2 %

Shares of KGS opened at $29.64 on Tuesday. Kodiak Gas Services, Inc. has a 12 month low of $16.72 and a 12 month high of $30.52. The firm’s 50 day moving average is $27.40 and its 200-day moving average is $27.15. The stock has a market capitalization of $2.50 billion, a PE ratio of 33.68 and a beta of 0.89. 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 (NYSE:KGS) last announced its earnings results on Monday, August 12th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.29). The business had revenue of $309.65 million for the quarter, compared to the consensus estimate of $313.88 million. Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. Equities research analysts forecast that Kodiak Gas Services, Inc. will post 1.15 EPS for the current year.

Kodiak Gas Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Investors of record on Monday, August 12th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 5.53%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Monday, August 12th. Kodiak Gas Services’s dividend payout ratio (DPR) is 186.36%.

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.