Tortoise Index Solutions LLC Has $431,000 Stock Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Tortoise Index Solutions LLC lifted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGSFree Report) by 12.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,488 shares of the company’s stock after purchasing an additional 2,448 shares during the period. Tortoise Index Solutions LLC’s holdings in Kodiak Gas Services were worth $431,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Counterpoint Mutual Funds LLC increased its stake in shares of Kodiak Gas Services by 8.4% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 13,992 shares of the company’s stock worth $281,000 after purchasing an additional 1,086 shares during the last quarter. Amalgamated Bank acquired a new position in shares of Kodiak Gas Services during the 3rd quarter worth about $32,000. Exchange Traded Concepts LLC increased its stake in shares of Kodiak Gas Services by 12.6% during the 4th quarter. Exchange Traded Concepts LLC now owns 21,436 shares of the company’s stock worth $430,000 after purchasing an additional 2,396 shares during the last quarter. Barclays PLC acquired a new position in shares of Kodiak Gas Services during the 3rd quarter worth about $53,000. Finally, Parallel Advisors LLC bought a new stake in shares of Kodiak Gas Services during the 4th quarter worth about $60,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently commented on KGS. Royal Bank of Canada lifted their target price on shares of Kodiak Gas Services from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Raymond James lifted their target price on shares of Kodiak Gas Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Truist Financial lifted their target price on shares of Kodiak Gas Services from $28.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, May 10th. The Goldman Sachs Group lifted their target price 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. Finally, JPMorgan Chase & Co. lifted their target price 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. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and an average price target of $28.14.

Read Our Latest Stock Report on Kodiak Gas Services

Kodiak Gas Services Stock Performance

NYSE KGS traded down $0.40 during trading on Tuesday, reaching $26.00. The company’s stock had a trading volume of 115,769 shares, compared to its average volume of 415,260. The company has a current ratio of 1.11, a quick ratio of 0.76 and a debt-to-equity ratio of 1.60. The firm has a market capitalization of $2.19 billion and a price-to-earnings ratio of 29.64. Kodiak Gas Services, Inc. has a 12 month low of $15.05 and a 12 month high of $29.43. The firm has a 50 day moving average price of $27.31 and a 200 day moving average price of $24.26.

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

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 5.85%. The ex-dividend date was Friday, May 10th. Kodiak Gas Services’s payout ratio is presently 172.73%.

About Kodiak Gas Services

(Free Report)

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.

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Institutional Ownership by Quarter for Kodiak Gas Services (NYSE:KGS)

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