Kodiak Gas Services, Inc. (NYSE:KGS) Shares Sold by Tortoise Capital Advisors L.L.C.

Tortoise Capital Advisors L.L.C. lessened its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 12.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 797,750 shares of the company’s stock after selling 114,671 shares during the quarter. Kodiak Gas Services comprises about 0.4% of Tortoise Capital Advisors L.L.C.’s investment portfolio, making the stock its 26th biggest holding. Tortoise Capital Advisors L.L.C. owned 0.91% of Kodiak Gas Services worth $32,572,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its stake in shares of Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after buying an additional 342 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Kodiak Gas Services by 1,322.6% during the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock worth $31,000 after acquiring an additional 701 shares during the period. Amalgamated Bank raised its position in Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after acquiring an additional 588 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in Kodiak Gas Services in the 4th quarter valued at about $49,000. Finally, Mendota Financial Group LLC bought a new position in shares of Kodiak Gas Services during the 4th quarter valued at about $122,000. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Trading Up 1.7 %

Shares of NYSE KGS opened at $34.42 on Friday. The firm has a market capitalization of $3.05 billion, a PE ratio of 118.70 and a beta of 1.52. Kodiak Gas Services, Inc. has a one year low of $24.84 and a one year high of $50.43. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The business has a 50-day moving average price of $37.89 and a two-hundred day moving average price of $38.90.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The company had revenue of $309.52 million for the quarter, compared to analysts’ expectations of $323.82 million. As a group, analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 annualized dividend and a dividend yield of 4.76%. Kodiak Gas Services’s dividend payout ratio is 277.97%.

Insider Activity at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the transaction, the insider now owns 34,771,323 shares of the company’s stock, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % 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. Insiders own 0.27% of the company’s stock.

Analysts Set New Price Targets

KGS has been the subject of several recent research reports. Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Truist Financial increased their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research report on Tuesday, March 11th. Citigroup lifted their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Barclays cut their target price on Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Finally, Mizuho lifted their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $41.45.

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.