U.S. Capital Wealth Advisors LLC Acquires Shares of 33,500 Kodiak Gas Services, Inc. (NYSE:KGS)

U.S. Capital Wealth Advisors LLC acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 33,500 shares of the company’s stock, valued at approximately $913,000.

Other hedge funds also recently made changes to their positions in the company. Quadrature Capital Ltd lifted its holdings in shares of Kodiak Gas Services by 3.4% in the 1st quarter. Quadrature Capital Ltd now owns 27,642 shares of the company’s stock worth $756,000 after purchasing an additional 906 shares during the last quarter. Counterpoint Mutual Funds LLC raised its stake in Kodiak Gas Services by 8.4% during the 4th quarter. Counterpoint Mutual Funds LLC now owns 13,992 shares of the company’s stock valued at $281,000 after acquiring an additional 1,086 shares in the last quarter. PNC Financial Services Group Inc. bought a new stake in Kodiak Gas Services during the 4th quarter valued at $46,000. Tortoise Index Solutions LLC raised its stake in Kodiak Gas Services by 12.9% during the 4th quarter. Tortoise Index Solutions LLC now owns 21,488 shares of the company’s stock valued at $431,000 after acquiring an additional 2,448 shares in the last quarter. Finally, Parallel Advisors LLC acquired a new position in shares of Kodiak Gas Services during the 4th quarter valued at $60,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Stock Down 0.4 %

Shares of KGS stock traded down $0.13 on Friday, reaching $28.88. 654,076 shares of the company’s stock traded hands, compared to its average volume of 447,034. Kodiak Gas Services, Inc. has a 12-month low of $16.72 and a 12-month high of $29.75. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.76 and a current ratio of 1.11. The company has a market capitalization of $2.43 billion, a P/E ratio of 33.22 and a beta of 0.92. The business’s 50 day moving average price is $27.15 and its two-hundred day moving average price is $26.49.

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

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.41 per share. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.38. The ex-dividend date is Monday, August 12th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 5.68%. Kodiak Gas Services’s payout ratio is currently 186.36%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KGS shares. Truist Financial lifted their price target on Kodiak Gas Services from $28.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Royal Bank of Canada lifted their target price on Kodiak Gas Services from $28.00 to $30.00 and gave the stock an “outperform” rating in a report on Monday, May 20th. Barclays started coverage on Kodiak Gas Services in a report on Wednesday, July 17th. They issued an “equal weight” rating and a $29.00 target price on the stock. Finally, Raymond James lifted their target price on Kodiak Gas Services from $30.00 to $32.00 and gave the stock an “outperform” rating in a report on Tuesday, April 16th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.33.

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.