nVerses Capital LLC Increases Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

nVerses Capital LLC raised its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 90.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,100 shares of the company’s stock after acquiring an additional 1,000 shares during the period. nVerses Capital LLC’s holdings in Kodiak Gas Services were worth $57,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Goldman Sachs Group Inc. boosted its stake in shares of Kodiak Gas Services by 20.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock valued at $25,695,000 after acquiring an additional 215,570 shares during the last quarter. Blackstone Inc. grew its position in Kodiak Gas Services by 1,358.3% in the first quarter. Blackstone Inc. now owns 644,231 shares of the company’s stock valued at $17,613,000 after acquiring an additional 600,055 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Kodiak Gas Services by 1.4% during the second quarter. Bank of New York Mellon Corp now owns 542,281 shares of the company’s stock valued at $14,783,000 after acquiring an additional 7,640 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in Kodiak Gas Services during the 1st quarter worth approximately $11,544,000. Finally, Capstone Investment Advisors LLC raised its holdings in Kodiak Gas Services by 8.6% in the first quarter. Capstone Investment Advisors LLC now owns 271,400 shares of the company’s stock valued at $7,420,000 after acquiring an additional 21,400 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Performance

Shares of NYSE:KGS opened at $25.94 on Thursday. Kodiak Gas Services, Inc. has a fifty-two week low of $16.72 and a fifty-two week high of $29.75. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.05 and a quick ratio of 0.70. The business’s fifty day moving average price is $27.36 and its two-hundred day moving average price is $26.96. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of 29.48 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.29). Kodiak Gas Services had a return on equity of 7.20% and a net margin of 5.23%. The firm had revenue of $309.65 million for the quarter, compared to the consensus estimate of $313.88 million. As a group, analysts predict that Kodiak Gas Services, Inc. will post 1.79 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm 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. The ex-dividend date was Monday, August 12th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 6.32%. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.38. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 186.36%.

Analyst Ratings Changes

Several research firms recently weighed in on KGS. Royal Bank of Canada increased their price objective on shares of Kodiak Gas Services from $30.00 to $31.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Stifel Nicolaus boosted their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Truist Financial lifted their target price on Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a report on Thursday, August 15th. Finally, Barclays began coverage on Kodiak Gas Services in a report on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $31.57.

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.