AXQ Capital LP Takes $621,000 Position in Kodiak Gas Services, Inc. $KGS

AXQ Capital LP bought a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,615 shares of the company’s stock, valued at approximately $621,000.

Several other institutional investors and hedge funds have also made changes to their positions in KGS. BW Gestao de Investimentos Ltda. acquired a new stake in shares of Kodiak Gas Services in the 4th quarter valued at about $2,915,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Kodiak Gas Services by 22.8% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 20,576 shares of the company’s stock valued at $770,000 after purchasing an additional 3,815 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Kodiak Gas Services by 151.6% in the fourth quarter. BNP Paribas Financial Markets now owns 447,611 shares of the company’s stock valued at $16,741,000 after purchasing an additional 269,694 shares during the period. Norges Bank purchased a new stake in shares of Kodiak Gas Services in the fourth quarter valued at about $1,167,000. Finally, Intech Investment Management LLC boosted its stake in shares of Kodiak Gas Services by 27.5% during the fourth quarter. Intech Investment Management LLC now owns 38,800 shares of the company’s stock worth $1,451,000 after buying an additional 8,371 shares during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on KGS. Royal Bank Of Canada raised their price target on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, May 18th. Citigroup increased their price objective 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. Stifel Nicolaus set a $84.00 price objective on shares of Kodiak Gas Services in a research note on Tuesday, May 12th. Wells Fargo & Company started coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price objective for the company. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average target price of $74.75.

Kodiak Gas Services Stock Up 0.3%

KGS stock opened at $67.42 on Thursday. The company has a market cap of $5.98 billion, a P/E ratio of 91.11, a P/E/G ratio of 0.94 and a beta of 0.94. Kodiak Gas Services, Inc. has a 52 week low of $30.06 and a 52 week high of $77.68. The company’s 50-day moving average price is $66.11 and its 200 day moving average price is $51.09. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.33 earnings per share. On average, research analysts expect that Kodiak Gas Services, Inc. will post 2.35 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a $0.49 dividend. The ex-dividend date was Monday, May 18th. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. Kodiak Gas Services’s payout ratio is currently 264.86%.

Insider Transactions at Kodiak Gas Services

In other news, EVP Cory Anne Roclawski sold 10,852 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $54.41, for a total value of $590,457.32. Following the sale, the executive vice president directly owned 31,405 shares in the company, valued at $1,708,746.05. This represents a 25.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Pedro R. Buhigas sold 13,942 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $55.73, for a total value of $776,987.66. Following the sale, the insider directly owned 42,723 shares in the company, valued at approximately $2,380,952.79. The trade was a 24.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 58,673 shares of company stock worth $3,269,110 in the last 90 days. Insiders own 0.64% of the company’s stock.

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