ProShare Advisors LLC Makes New Investment in Kodiak Gas Services, Inc. (NYSE:KGS)

ProShare Advisors LLC purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 9,169 shares of the company's stock, valued at approximately $374,000.

A number of other institutional investors have also recently modified their holdings of the stock. SG Americas Securities LLC boosted its holdings in shares of Kodiak Gas Services by 305.7% in the 4th quarter. SG Americas Securities LLC now owns 17,515 shares of the company's stock valued at $715,000 after purchasing an additional 13,198 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its stake in shares of Kodiak Gas Services by 1.6% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company's stock valued at $1,323,000 after acquiring an additional 500 shares during the last quarter. Entropy Technologies LP bought a new position in Kodiak Gas Services during the 4th quarter worth $998,000. Kestra Private Wealth Services LLC lifted its stake in shares of Kodiak Gas Services by 57.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 18,634 shares of the company's stock worth $761,000 after acquiring an additional 6,818 shares during the period. Finally, Augustine Asset Management Inc. lifted its position in shares of Kodiak Gas Services by 1,761.2% in the 4th quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company's stock worth $26,141,000 after purchasing an additional 605,844 shares during the period. 24.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays cut their target price on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Truist Financial boosted their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. Finally, Mizuho cut their price target 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.55.

Kodiak Gas Services Stock Performance

Shares of NYSE:KGS traded down $0.08 during midday trading on Friday, reaching $35.38. 1,778,220 shares of the company traded hands, compared to its average volume of 853,405. Kodiak Gas Services, Inc. has a 12 month low of $24.84 and a 12 month high of $50.43. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of 122.00 and a beta of 1.59. The firm's fifty day moving average price is $34.65 and its two-hundred day moving average price is $39.42.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The company had revenue of $329.64 million for the quarter, compared to analysts' expectations of $328.45 million. During the same period in the prior year, the business earned $0.39 earnings per share. Kodiak Gas Services's revenue for the quarter was up 52.9% compared to the same quarter last year. On average, equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Monday, May 5th were paid a $0.45 dividend. The ex-dividend date was Monday, May 5th. This represents a $1.80 annualized dividend and a yield of 5.09%. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's dividend payout ratio is currently 339.62%.

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.