15,320 Shares in Kodiak Gas Services, Inc. $KGS Purchased by Castleark Management LLC

Castleark Management LLC acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 15,320 shares of the company’s stock, valued at approximately $1,151,000.

A number of other large investors also recently added to or reduced their stakes in the business. Legal & General Group Plc acquired a new stake in shares of Kodiak Gas Services during the 2nd quarter worth approximately $17,840,000. The Manufacturers Life Insurance Company acquired a new position in Kodiak Gas Services in the second quarter valued at approximately $3,698,000. Algert Global LLC boosted its stake in Kodiak Gas Services by 9.5% in the second quarter. Algert Global LLC now owns 58,720 shares of the company’s stock valued at $4,412,000 after acquiring an additional 5,090 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in Kodiak Gas Services during the 2nd quarter worth $1,232,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Kodiak Gas Services during the 2nd quarter worth $29,899,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

KGS has been the topic of a number of analyst reports. Barclays cut their price target on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 8th. Wells Fargo & Company started coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price objective for the company. The Goldman Sachs Group increased their target price on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Stifel Nicolaus raised their target price on Kodiak Gas Services from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Finally, Citigroup boosted their target price on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $78.89.

Kodiak Gas Services Price Performance

KGS opened at $60.45 on Thursday. The stock has a market cap of $6.11 billion, a P/E ratio of 71.97, a P/E/G ratio of 0.85 and a beta of 0.97. Kodiak Gas Services, Inc. has a 12 month low of $32.55 and a 12 month high of $77.68. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The company has a fifty day simple moving average of $64.69 and a 200 day simple moving average of $62.92.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The business had revenue of $391.12 million during the quarter, compared to analyst estimates of $386.30 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The firm’s revenue was up 21.2% on a year-over-year basis. On average, research analysts expect that Kodiak Gas Services, Inc. will post 2.46 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be given a $0.49 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.96 annualized dividend and a dividend yield of 3.2%. Kodiak Gas Services’s payout ratio is currently 233.33%.

Insiders Place Their Bets

In other Kodiak Gas Services news, COO William Chad Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $67.79, for a total value of $67,790.00. Following the transaction, the chief operating officer owned 87,294 shares of the company’s stock, valued at approximately $5,917,660.26. The trade was a 1.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Pedro R. Buhigas sold 4,625 shares of the company’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total transaction of $313,482.50. Following the completion of the transaction, the insider owned 38,454 shares of the company’s stock, valued at $2,606,412.12. This trade represents a 10.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 19,531 shares of company stock worth $1,296,158 in the last three months. 0.64% of the stock is owned by corporate insiders.

About Kodiak Gas Services

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.