BNP Paribas Financial Markets Makes New Investment in Kodiak Gas Services, Inc. (NYSE:KGS)

BNP Paribas Financial Markets acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,204 shares of the company's stock, valued at approximately $1,192,000.

Several other institutional investors have also added to or reduced their stakes in KGS. Comerica Bank increased its position in shares of Kodiak Gas Services by 710.1% in the fourth quarter. Comerica Bank now owns 721 shares of the company's stock worth $29,000 after purchasing an additional 632 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock worth $31,000 after purchasing an additional 701 shares during the last quarter. Amalgamated Bank grew its holdings in shares of Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after purchasing an additional 588 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of Kodiak Gas Services in the fourth quarter worth approximately $49,000. Finally, Summit Investment Advisors Inc. grew its holdings in shares of Kodiak Gas Services by 72.5% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,406 shares of the company's stock worth $139,000 after purchasing an additional 1,431 shares during the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Performance

NYSE:KGS traded up $0.35 during mid-day trading on Friday, reaching $34.69. The company's stock had a trading volume of 640,883 shares, compared to its average volume of 843,895. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43. The firm's fifty day moving average price is $34.99 and its two-hundred day moving average price is $39.49. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The stock has a market cap of $3.08 billion, a P/E ratio of 119.61 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.39 by $0.03. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The business had revenue of $329.64 million during the quarter, compared to analyst estimates of $328.45 million. During the same quarter in the previous year, the firm earned $0.39 EPS. Kodiak Gas Services's revenue was up 52.9% on a year-over-year basis. On average, equities analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were given a $0.45 dividend. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date was Monday, May 5th. This represents a $1.80 dividend on an annualized basis and a yield of 5.19%. Kodiak Gas Services's payout ratio is 339.62%.

Analyst Ratings Changes

A number of brokerages recently commented on KGS. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Mizuho dropped their target price on shares of Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Tuesday, May 20th. Barclays dropped their target price on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Finally, Truist Financial boosted their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.55.

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.