Thrivent Financial for Lutherans Buys New Shares in Kodiak Gas Services, Inc. (NYSE:KGS)

Thrivent Financial for Lutherans purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 42,953 shares of the company’s stock, valued at approximately $1,171,000. Thrivent Financial for Lutherans owned 0.05% of Kodiak Gas Services as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd increased its holdings in shares of Kodiak Gas Services by 3.4% during the 1st quarter. Quadrature Capital Ltd now owns 27,642 shares of the company’s stock worth $756,000 after buying an additional 906 shares during the last quarter. nVerses Capital LLC increased its stake in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after acquiring an additional 1,000 shares during the last quarter. Wellington Shields & Co. LLC raised its holdings in shares of Kodiak Gas Services by 16.7% in the 2nd quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company’s stock worth $191,000 after purchasing an additional 1,000 shares during the period. Security National Bank acquired a new position in shares of Kodiak Gas Services in the 2nd quarter valued at about $39,000. Finally, PNC Financial Services Group Inc. purchased a new stake in shares of Kodiak Gas Services during the 4th quarter worth about $46,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on KGS. Royal Bank of Canada raised their price target on shares of Kodiak Gas Services from $30.00 to $31.00 and gave the company an “outperform” rating in a report on Wednesday, August 21st. Barclays assumed coverage on shares of Kodiak Gas Services in a report on Wednesday, July 17th. They set an “equal weight” rating and a $29.00 target price on the stock. Mizuho assumed coverage on Kodiak Gas Services in a report on Wednesday. They issued an “outperform” rating and a $36.00 price target for the company. Citigroup initiated coverage on Kodiak Gas Services in a research report on Friday, September 27th. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Redburn Atlantic started coverage on Kodiak Gas Services in a research note on Thursday, September 19th. They issued a “buy” rating and a $35.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $32.45.

Kodiak Gas Services Price Performance

KGS stock opened at $32.50 on Friday. The stock’s 50 day moving average is $27.68 and its two-hundred day moving average is $27.39. Kodiak Gas Services, Inc. has a 52-week low of $16.72 and a 52-week high of $32.60. The company has a market capitalization of $2.74 billion, a PE ratio of 36.93 and a beta of 0.89. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 1.70.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Monday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. The company had revenue of $309.65 million during the quarter, compared to analyst estimates of $313.88 million. Analysts predict that Kodiak Gas Services, Inc. will post 1.15 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Monday, August 12th were given a dividend of $0.41 per share. 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. This represents a $1.64 annualized dividend and a dividend yield of 5.05%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 186.36%.

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.