Walleye Capital LLC Buys Shares of 400,284 Kodiak Gas Services, Inc. $KGS

Walleye Capital LLC purchased a new position in Kodiak Gas Services, Inc. (NYSE:KGS) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 400,284 shares of the company’s stock, valued at approximately $23,345,000.

A number of other institutional investors have also recently made changes to their positions in KGS. Nisa Investment Advisors LLC raised 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 valued at $40,000 after buying an additional 364 shares in the last quarter. State of Wyoming grew its position in Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after acquiring an additional 815 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in 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 worth $42,000 after acquiring an additional 1,156 shares in the last quarter. GAMMA Investing LLC increased its stake in 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 acquiring an additional 556 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in 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 acquiring an additional 646 shares during the last quarter. Institutional investors own 24.95% of the company’s stock.

Insiders Place Their Bets

In related news, COO William Chad Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $67.79, for a total transaction of $67,790.00. Following the sale, the chief operating officer directly owned 87,294 shares in the company, valued at $5,917,660.26. The trade was a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Pedro R. Buhigas sold 4,625 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total value of $313,482.50. Following the transaction, the insider directly owned 38,454 shares of the company’s stock, valued at approximately $2,606,412.12. This trade represents a 10.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 13,523 shares of company stock worth $921,319. Insiders own 0.64% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of NYSE:KGS opened at $66.97 on Thursday. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. The stock has a market cap of $5.94 billion, a PE ratio of 90.50, a PEG ratio of 1.05 and a beta of 0.89. The company’s fifty day moving average is $69.53 and its 200 day moving average is $59.21. Kodiak Gas Services, Inc. has a 52 week low of $30.06 and a 52 week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data 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. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The firm had revenue of $345.76 million for the quarter, compared to analysts’ expectations of $340.23 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. Research analysts anticipate that Kodiak Gas Services, Inc. will post 2.27 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

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

Analyst Ratings Changes

Several brokerages have issued reports on KGS. The Goldman Sachs Group lifted their price target on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Citigroup increased their price objective on Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Barclays decreased their price objective on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Royal Bank Of Canada boosted their target price on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. Finally, Wells Fargo & Company started coverage on Kodiak Gas Services in a research note on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 target price for the company. Nine analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $79.50.

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.