Jefferies Financial Group Inc. Purchases New Holdings in Kodiak Gas Services, Inc. $KGS

Jefferies Financial Group Inc. purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 55,618 shares of the company’s stock, valued at approximately $2,080,000.

Other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in shares of Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after buying an additional 364 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after buying an additional 1,156 shares during the period. GAMMA Investing LLC boosted its stake in shares of Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after buying an additional 556 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Kodiak Gas Services by 80.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after buying an additional 646 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of Kodiak Gas Services by 652.4% in the third quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock valued at $60,000 after buying an additional 1,383 shares during the period. 24.95% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on KGS shares. Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Stifel Nicolaus set a $84.00 target price on Kodiak Gas Services in a research note on Tuesday, May 12th. Citigroup upped their target price on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Wells Fargo & Company initiated coverage on Kodiak Gas Services in a research note on Wednesday. They set an “overweight” rating and a $93.00 target price for the company. Finally, Barclays upped their target price on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.75.

Kodiak Gas Services Stock Down 4.4%

NYSE KGS opened at $70.43 on Thursday. The business has a fifty day moving average price of $65.07 and a two-hundred day moving average price of $49.92. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. Kodiak Gas Services, Inc. has a fifty-two week low of $30.06 and a fifty-two week high of $77.68. The stock has a market capitalization of $6.25 billion, a PE ratio of 95.17, a PEG ratio of 1.03 and a beta of 1.01.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. The company had revenue of $345.76 million during the quarter, compared to the consensus estimate of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. Equities 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 business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Stockholders of record on Monday, May 18th will be issued a dividend of $0.49 per share. The ex-dividend date is Monday, May 18th. This represents a $1.96 annualized dividend and a dividend yield of 2.8%. Kodiak Gas Services’s dividend payout ratio is 264.86%.

Insider Activity at Kodiak Gas Services

In related news, Director Alexander Newsom Darden purchased 5,000 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average cost of $54.75 per share, for a total transaction of $273,750.00. Following the completion of the acquisition, the director owned 5,000 shares of the company’s stock, valued at approximately $273,750. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Ewan William Hamilton sold 5,797 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $56.18, for a total transaction of $325,675.46. Following the transaction, the chief accounting officer owned 34,346 shares of the company’s stock, valued at $1,929,558.28. This trade represents a 14.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 58,673 shares of company stock valued at $3,269,110. 0.64% of the stock is owned by company 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.