54,396 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Acquired by Huber Capital Management LLC

Huber Capital Management LLC acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 54,396 shares of the company’s stock, valued at approximately $1,483,000.

Several other large investors have also recently bought and sold shares of the company. Goldman Sachs Group Inc. grew its position in Kodiak Gas Services by 20.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,279,636 shares of the company’s stock worth $25,695,000 after acquiring an additional 215,570 shares in the last quarter. Blackstone Inc. increased its stake in Kodiak Gas Services by 1,358.3% in the 1st quarter. Blackstone Inc. now owns 644,231 shares of the company’s stock worth $17,613,000 after purchasing an additional 600,055 shares during the period. American Century Companies Inc. boosted its stake in shares of Kodiak Gas Services by 63.2% during the second quarter. American Century Companies Inc. now owns 575,371 shares of the company’s stock valued at $15,685,000 after purchasing an additional 222,830 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Kodiak Gas Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 542,281 shares of the company’s stock worth $14,783,000 after purchasing an additional 7,640 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in Kodiak Gas Services during the 1st quarter valued at $11,544,000. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Price Performance

Shares of NYSE:KGS opened at $29.59 on Friday. Kodiak Gas Services, Inc. has a 1-year low of $16.72 and a 1-year high of $29.91. The business has a fifty day moving average price of $27.38 and a 200-day moving average price of $27.12. The company has a market capitalization of $2.49 billion, a PE ratio of 33.62 and a beta of 0.90. The company has a debt-to-equity ratio of 1.70, a current ratio of 1.05 and a quick ratio of 0.70.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Monday, August 12th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $313.88 million. As a group, equities analysts expect that Kodiak Gas Services, Inc. will post 1.15 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 issued a dividend of $0.41 per share. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.38. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.54%. The ex-dividend date was Monday, August 12th. Kodiak Gas Services’s dividend payout ratio is presently 186.36%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on KGS shares. Redburn Atlantic initiated coverage on Kodiak Gas Services in a research note on Thursday. They issued a “buy” rating and a $35.00 target price on the stock. Bank of America started coverage on shares of Kodiak Gas Services in a report on Wednesday. They issued a “buy” rating and a $30.00 price target on the stock. Truist Financial increased their price target on shares of Kodiak Gas Services from $32.00 to $35.00 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Stifel Nicolaus lifted their price objective on Kodiak Gas Services from $31.00 to $35.00 and gave the company a “buy” rating in a research report on Wednesday, August 14th. Finally, Barclays assumed coverage on Kodiak Gas Services in a report on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Kodiak Gas Services has an average rating of “Moderate Buy” and a consensus target price of $31.78.

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.