Kodiak Gas Services, Inc. $KGS Shares Sold by Versor Investments LP

Versor Investments LP cut its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 75.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,043 shares of the company’s stock after selling 24,557 shares during the period. Versor Investments LP’s holdings in Kodiak Gas Services were worth $301,000 at the end of the most recent quarter.

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

Kodiak Gas Services Stock Performance

KGS stock opened at $73.55 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 99.39, a P/E/G ratio of 0.99 and a beta of 1.01. Kodiak Gas Services, Inc. has a 12 month low of $30.06 and a 12 month high of $76.68. The firm has a 50 day moving average of $62.18 and a two-hundred day moving average of $47.71.

Kodiak Gas Services (NYSE:KGS) last posted its 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. 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 previous year, the firm posted $0.33 earnings per share. As a group, equities analysts anticipate that Kodiak Gas Services, Inc. will post 2.46 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Monday, May 18th. This represents a $1.96 dividend on an annualized basis and a yield of 2.7%. Kodiak Gas Services’s dividend payout ratio is 264.86%.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, CAO Ewan William Hamilton sold 5,797 shares of the stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total value of $325,675.46. Following the completion of the sale, the chief accounting officer directly owned 34,346 shares of the company’s stock, valued at $1,929,558.28. This represents a 14.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Randall J. Hogan purchased 6,000 shares of Kodiak Gas Services stock in a transaction on Friday, March 13th. The stock was bought at an average cost of $54.81 per share, with a total value of $328,860.00. Following the completion of the acquisition, the director owned 28,406 shares in the company, valued at approximately $1,556,932.86. This trade represents a 26.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 11,433 shares of company stock worth $624,360 and sold 58,673 shares worth $3,269,110. Company insiders own 0.64% of the company’s stock.

Analyst Upgrades and Downgrades

KGS has been the topic of a number of recent analyst reports. Mizuho boosted their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Stifel Nicolaus set a $84.00 price target on shares of Kodiak Gas Services in a report on Tuesday. Royal Bank Of Canada boosted their price target on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday, March 19th. The Goldman Sachs Group boosted their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a report on Friday. Finally, Citigroup boosted their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Kodiak Gas Services has a consensus rating of “Moderate Buy” and an average target price of $67.00.

Kodiak Gas Services 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.