Cubist Systematic Strategies LLC Acquires New Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

Cubist Systematic Strategies LLC acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,230 shares of the company’s stock, valued at approximately $948,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Victory Capital Management Inc. lifted its position in shares of Kodiak Gas Services by 155.8% in the 4th 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. acquired a new stake in Kodiak Gas Services during the 4th quarter worth about $363,000. Kestra Private Wealth Services LLC grew its holdings in Kodiak Gas Services by 57.7% during 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. SG Americas Securities LLC grew its holdings in Kodiak Gas Services by 305.7% during the 4th quarter. SG Americas Securities LLC now owns 17,515 shares of the company’s stock worth $715,000 after acquiring an additional 13,198 shares during the period. Finally, Franklin Resources Inc. acquired a new stake in Kodiak Gas Services during the 3rd quarter worth about $1,242,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KGS has been the subject of a number of recent analyst reports. Truist Financial increased their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a report on Tuesday, March 11th. Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Mizuho lifted their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Barclays lowered their price objective on shares of 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. Finally, Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average price target of $41.45.

Kodiak Gas Services Stock Down 0.5%

Kodiak Gas Services stock opened at $36.21 on Thursday. Kodiak Gas Services, Inc. has a 1-year low of $24.84 and a 1-year high of $50.43. The firm has a market capitalization of $3.21 billion, a price-to-earnings ratio of 124.87 and a beta of 1.59. The firm’s fifty day moving average price is $35.16 and its two-hundred day moving average price is $39.26. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $329.64 million for the quarter, compared to analyst estimates of $328.45 million. During the same period last year, the firm earned $0.39 earnings per share. The business’s quarterly revenue was up 52.9% compared to the same quarter last year. On average, equities research analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a dividend of $0.45 per share. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.41. The ex-dividend date is Monday, May 5th. This represents a $1.80 annualized dividend and a dividend yield of 4.97%. Kodiak Gas Services’s payout ratio is presently 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.