BNP Paribas Financial Markets Has $16.74 Million Stock Holdings in Kodiak Gas Services, Inc. $KGS

BNP Paribas Financial Markets increased its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 151.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 447,611 shares of the company’s stock after purchasing an additional 269,694 shares during the quarter. BNP Paribas Financial Markets’ holdings in Kodiak Gas Services were worth $16,741,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. United Advisor Group LLC increased its position in shares of Kodiak Gas Services by 2.0% during the 4th quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after purchasing an additional 304 shares in the last quarter. Comerica Bank increased its position in shares of Kodiak Gas Services by 1.8% during the 4th quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after purchasing an additional 357 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Kodiak Gas Services by 52.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after purchasing an additional 364 shares in the last quarter. Captrust Financial Advisors increased its position in shares of Kodiak Gas Services by 2.7% during the 2nd quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock worth $580,000 after purchasing an additional 448 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Kodiak Gas Services by 80.3% during the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after purchasing an additional 556 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Stifel Nicolaus set a $84.00 target price on shares of Kodiak Gas Services in a research report on Tuesday, May 12th. Barclays increased their target price on shares of Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Finally, Jefferies Financial Group assumed coverage on shares of Kodiak Gas Services in a research report on Thursday. They issued a “buy” rating and a $79.00 price objective for the company. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.22.

Kodiak Gas Services Trading Down 4.5%

KGS opened at $65.06 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. The stock has a market capitalization of $5.78 billion, a PE ratio of 87.91, a PEG ratio of 0.91 and a beta of 0.94. Kodiak Gas Services, Inc. has a 1-year low of $30.06 and a 1-year high of $77.68. The firm has a 50-day moving average price of $66.41 and a two-hundred day moving average price of $51.43.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The company had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. During the same quarter in the previous year, the company earned $0.33 EPS. Kodiak Gas Services’s revenue was up 4.9% on a year-over-year basis. As a group, equities analysts anticipate that Kodiak Gas Services, Inc. will post 2.35 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a dividend of $0.49 per share. The ex-dividend date was Monday, May 18th. This represents a $1.96 annualized dividend and a dividend yield of 3.0%. Kodiak Gas Services’s payout ratio is currently 264.86%.

Insider Activity at Kodiak Gas Services

In related news, EVP Cory Anne Roclawski sold 10,852 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $54.41, for a total transaction of $590,457.32. Following the completion of the transaction, the executive vice president owned 31,405 shares in the company, valued at approximately $1,708,746.05. The trade was a 25.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Pedro R. Buhigas sold 13,942 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $55.73, for a total transaction of $776,987.66. Following the transaction, the insider owned 42,723 shares of the company’s stock, valued at approximately $2,380,952.79. This represents a 24.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 58,673 shares of company stock worth $3,269,110 over 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.