Orvieto Partners L.P. Has $2.80 Million Stock Holdings in Kodiak Gas Services, Inc. $KGS

Orvieto Partners L.P. trimmed its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 73.8% in the first quarter, Holdings Channel.com reports. The firm owned 47,981 shares of the company’s stock after selling 135,500 shares during the quarter. Kodiak Gas Services makes up 2.4% of Orvieto Partners L.P.’s holdings, making the stock its 15th largest holding. Orvieto Partners L.P.’s holdings in Kodiak Gas Services were worth $2,798,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of KGS. Sei Investments Co. lifted its stake in Kodiak Gas Services by 159.6% in the first quarter. Sei Investments Co. now owns 40,760 shares of the company’s stock valued at $2,377,000 after buying an additional 25,057 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of Kodiak Gas Services during the first quarter worth $23,345,000. First Trust Advisors LP increased its position in shares of Kodiak Gas Services by 53.5% during the first quarter. First Trust Advisors LP now owns 195,759 shares of the company’s stock worth $11,417,000 after acquiring an additional 68,210 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Kodiak Gas Services by 29.5% during the first quarter. PNC Financial Services Group Inc. now owns 1,545 shares of the company’s stock worth $90,000 after acquiring an additional 352 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Kodiak Gas Services by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock worth $181,108,000 after acquiring an additional 135,998 shares during the period. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KGS has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their target price on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Jefferies Financial Group started coverage on Kodiak Gas Services in a research note on Thursday, June 4th. They issued a “buy” rating and a $79.00 price target on the stock. Royal Bank Of Canada boosted their price target on Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 18th. Barclays reduced their price objective on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Finally, Wells Fargo & Company assumed coverage on Kodiak Gas Services in a report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price objective for the company. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $79.50.

Insider Buying and Selling

In other news, CAO Ewan William Hamilton sold 2,729 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total value of $187,263.98. Following the completion of the transaction, the chief accounting officer owned 31,617 shares in the company, valued at $2,169,558.54. This trade represents a 7.95% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Cory Anne Roclawski sold 4,169 shares of Kodiak Gas Services stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $68.36, for a total value of $284,992.84. Following the completion of the sale, the executive vice president directly owned 24,662 shares in the company, valued at approximately $1,685,894.32. This represents a 14.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 13,523 shares of company stock worth $921,319 over the last 90 days. 0.64% of the stock is currently owned by insiders.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $65.16 on Friday. Kodiak Gas Services, Inc. has a 12 month low of $30.06 and a 12 month high of $77.68. The company’s fifty day simple moving average is $69.35 and its 200-day simple moving average is $59.40. The firm has a market cap of $5.78 billion, a PE ratio of 88.05, a P/E/G ratio of 1.05 and a beta of 0.89. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $345.76 million during the quarter, compared to the consensus estimate of $340.23 million. During the same quarter last year, the firm earned $0.33 earnings per share. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year. Equities research analysts expect that Kodiak Gas Services, Inc. will post 2.27 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

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

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.