Voleon Capital Management LP Takes $866,000 Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Voleon Capital Management LP purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 21,212 shares of the company's stock, valued at approximately $866,000.

Several other large investors have also modified their holdings of the business. Tidal Investments LLC acquired a new position in shares of Kodiak Gas Services in the 3rd quarter valued at about $598,000. Victory Capital Management Inc. lifted its holdings in Kodiak Gas Services by 155.8% in the fourth quarter. Victory Capital Management Inc. now owns 262,329 shares of the company's stock worth $10,711,000 after purchasing an additional 159,772 shares during the period. Bailard Inc. bought a new position in Kodiak Gas Services in the 4th quarter valued at about $363,000. Kestra Private Wealth Services LLC lifted its stake in shares of Kodiak Gas Services by 57.7% in the 4th 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, SG Americas Securities LLC raised its holdings in Kodiak Gas Services by 305.7% during the fourth quarter. SG Americas Securities LLC now owns 17,515 shares of the company's stock worth $715,000 after purchasing an additional 13,198 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Barclays decreased their target price on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Mizuho upped their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research note on Monday, February 3rd. Finally, Citigroup increased their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services currently has an average rating of "Moderate Buy" and an average price target of $41.45.

Kodiak Gas Services Stock Up 0.7 %

KGS stock traded up $0.25 during mid-day trading on Wednesday, reaching $34.47. 75,819 shares of the company traded hands, compared to its average volume of 806,526. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 118.68 and a beta of 1.59. Kodiak Gas Services, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $50.43. The firm's 50 day moving average price is $35.53 and its 200 day moving average price is $39.12. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). The business had revenue of $309.52 million during the quarter, compared to analysts' expectations of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. As a group, equities research analysts predict 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 will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date is Monday, May 5th. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's payout ratio is 305.08%.

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.