United Advisor Group LLC Makes New $341,000 Investment in Kodiak Gas Services, Inc. (NYSE:KGS)

United Advisor Group LLC acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 11,762 shares of the company’s stock, valued at approximately $341,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KGS. Quadrature Capital Ltd boosted its holdings in shares of Kodiak Gas Services by 3.4% during the first quarter. Quadrature Capital Ltd now owns 27,642 shares of the company’s stock worth $756,000 after acquiring an additional 906 shares during the period. nVerses Capital LLC raised its position in shares of Kodiak Gas Services by 90.9% in the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after buying an additional 1,000 shares in the last quarter. Wellington Shields & Co. LLC lifted its holdings in shares of Kodiak Gas Services by 16.7% during the 2nd quarter. Wellington Shields & Co. LLC now owns 7,000 shares of the company’s stock worth $191,000 after acquiring an additional 1,000 shares during the period. Dark Forest Capital Management LP increased its stake in Kodiak Gas Services by 5.9% in the second quarter. Dark Forest Capital Management LP now owns 20,894 shares of the company’s stock valued at $570,000 after acquiring an additional 1,164 shares during the last quarter. Finally, Security National Bank acquired a new position in Kodiak Gas Services during the second quarter valued at approximately $39,000. 24.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently weighed in on KGS. Mizuho began coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price objective for the company. Truist Financial raised their price objective on Kodiak Gas Services from $32.00 to $35.00 and gave the company a “buy” rating in a report on Thursday, August 15th. Barclays upped their target price on Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. Royal Bank of Canada boosted their price target on Kodiak Gas Services from $31.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Stifel Nicolaus lifted their target price 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. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $33.09.

Kodiak Gas Services Stock Up 7.2 %

Kodiak Gas Services stock opened at $34.83 on Thursday. The company has a current ratio of 1.05, a quick ratio of 0.70 and a debt-to-equity ratio of 1.70. The firm’s fifty day moving average price is $29.75 and its two-hundred day moving average price is $28.10. The firm has a market capitalization of $2.94 billion, a price-to-earnings ratio of 54.42 and a beta of 0.79. Kodiak Gas Services, Inc. has a 1-year low of $16.72 and a 1-year high of $35.21.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Monday, August 12th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.29). Kodiak Gas Services had a net margin of 5.23% and a return on equity of 7.20%. The company had revenue of $309.65 million for the quarter, compared to the consensus estimate of $313.88 million. On average, equities research analysts predict that Kodiak Gas Services, Inc. will post 1.15 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Friday, November 1st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.71%. The ex-dividend date of this dividend is Friday, November 1st. Kodiak Gas Services’s dividend payout ratio is presently 256.25%.

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.