Counterpoint Mutual Funds LLC Lowers Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Counterpoint Mutual Funds LLC decreased its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 23.5% during the 1st quarter, Holdings Channel reports. The fund owned 10,707 shares of the company’s stock after selling 3,285 shares during the quarter. Counterpoint Mutual Funds LLC’s holdings in Kodiak Gas Services were worth $293,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. purchased a new stake in Kodiak Gas Services during the fourth quarter worth about $46,000. Exchange Traded Concepts LLC boosted its holdings in Kodiak Gas Services by 12.6% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,436 shares of the company’s stock worth $430,000 after buying an additional 2,396 shares in the last quarter. Tortoise Index Solutions LLC boosted its holdings in Kodiak Gas Services by 12.9% during the fourth quarter. Tortoise Index Solutions LLC now owns 21,488 shares of the company’s stock worth $431,000 after buying an additional 2,448 shares in the last quarter. Barclays PLC purchased a new stake in Kodiak Gas Services during the third quarter worth about $53,000. Finally, Parallel Advisors LLC purchased a new stake in Kodiak Gas Services during the fourth quarter worth about $60,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Trading Up 1.1 %

KGS stock traded up $0.30 on Wednesday, hitting $26.95. 304,221 shares of the company were exchanged, compared to its average volume of 410,393. Kodiak Gas Services, Inc. has a twelve month low of $15.05 and a twelve month high of $29.43. The company has a debt-to-equity ratio of 1.60, a current ratio of 1.11 and a quick ratio of 0.76. The business’s fifty day moving average is $27.02 and its two-hundred day moving average is $24.89. The stock has a market capitalization of $2.27 billion and a price-to-earnings ratio of 30.35.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.36 by $0.03. Kodiak Gas Services had a net margin of 7.15% and a return on equity of 7.33%. The firm had revenue of $215.50 million during the quarter, compared to analyst estimates of $220.55 million. The company’s revenue for the quarter was up 13.4% compared to the same quarter last year. As a group, research analysts forecast that Kodiak Gas Services, Inc. will post 1.81 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 5.64%. The ex-dividend date of this dividend was Friday, May 10th. Kodiak Gas Services’s dividend payout ratio (DPR) is 172.73%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on KGS. JPMorgan Chase & Co. boosted their price objective on shares of Kodiak Gas Services from $27.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, March 21st. The Goldman Sachs Group boosted their price objective on shares of Kodiak Gas Services from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Wednesday, April 10th. Raymond James upped their price target on shares of Kodiak Gas Services from $30.00 to $32.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Royal Bank of Canada upped their price target on shares of Kodiak Gas Services from $28.00 to $30.00 and gave the company an “outperform” rating in a report on Monday, May 20th. Finally, Truist Financial upped their price target on shares of Kodiak Gas Services from $28.00 to $32.00 and gave the company a “buy” rating in a report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Kodiak Gas Services has an average rating of “Moderate Buy” and an average target price of $28.14.

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.