Point72 Asset Management L.P. Buys Shares of 221,391 Kodiak Gas Services, Inc. (NYSE:KGS)

Point72 Asset Management L.P. bought a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 221,391 shares of the company's stock, valued at approximately $9,039,000. Point72 Asset Management L.P. owned approximately 0.25% of Kodiak Gas Services at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Comerica Bank grew its holdings in Kodiak Gas Services by 710.1% during the 4th quarter. Comerica Bank now owns 721 shares of the company's stock valued at $29,000 after buying an additional 632 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Kodiak Gas Services by 1,322.6% during the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after buying an additional 701 shares in the last quarter. Amalgamated Bank grew its holdings in Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after buying an additional 588 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in Kodiak Gas Services during the 4th quarter valued at approximately $49,000. Finally, Summit Investment Advisors Inc. grew its holdings in Kodiak Gas Services by 72.5% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,406 shares of the company's stock valued at $139,000 after buying an additional 1,431 shares in the last quarter. Hedge funds and other institutional investors own 24.95% of the company's stock.

Kodiak Gas Services Trading Up 1.0%

Shares of KGS stock traded up $0.35 on Friday, reaching $34.69. 640,883 shares of the company's stock were exchanged, compared to its average volume of 843,895. Kodiak Gas Services, Inc. has a 52 week low of $24.84 and a 52 week high of $50.43. 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 capitalization of $3.08 billion, a PE ratio of 119.61 and a beta of 1.59. The company's fifty day simple moving average is $34.99 and its 200 day simple moving average is $39.46.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) 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 firm had revenue of $329.64 million during the quarter, compared to analyst estimates of $328.45 million. During the same period last year, the company earned $0.39 EPS. Kodiak Gas Services's quarterly revenue was up 52.9% compared to the same quarter last year. As a group, analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms have weighed in on KGS. Mizuho cut their price target on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Tuesday. Barclays cut their price target on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Truist Financial raised their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Royal Bank of Canada set a $45.00 target price on Kodiak Gas Services and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Finally, Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, Kodiak Gas Services currently has a consensus 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.