Corient Private Wealth LP Buys Shares of 15,735 Kodiak Gas Services, Inc. $KGS

Corient Private Wealth LP acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the 2nd quarter, Holdings Channel reports. The fund acquired 15,735 shares of the company’s stock, valued at approximately $1,182,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KGS. Bank of America Corp DE acquired a new position in Kodiak Gas Services during the second quarter worth about $109,850,000. Freestone Grove Partners LP bought a new position in shares of Kodiak Gas Services in the second quarter worth about $15,741,000. Odyssean LLC boosted its stake in shares of Kodiak Gas Services by 67.8% in the 2nd quarter. Odyssean LLC now owns 43,034 shares of the company’s stock valued at $3,233,000 after purchasing an additional 17,389 shares in the last quarter. Man Group plc acquired a new stake in shares of Kodiak Gas Services in the 2nd quarter valued at approximately $5,568,000. Finally, Jupiter Topco LLC bought a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at approximately $3,268,000. Institutional investors own 24.95% of the company’s stock.

Insider Activity at Kodiak Gas Services

In related news, insider Pedro R. Buhigas sold 4,625 shares of the business’s stock in a transaction dated 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. The trade was a 10.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO William Lenamon sold 1,000 shares of the firm’s stock in a transaction dated 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 owned 87,294 shares of the company’s stock, valued at $5,917,660.26. This trade represents a 1.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 25,530 shares of company stock valued at $1,651,959 in the last ninety days. Insiders own 0.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on KGS. Barclays lowered their price objective on shares of 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. Stifel Nicolaus boosted their target price on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Wells Fargo & Company initiated coverage on shares of Kodiak Gas Services in a report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price target for the company. Piper Sandler initiated coverage on Kodiak Gas Services in a research note on Tuesday, July 28th. They set an “overweight” rating and a $78.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Wednesday, August 26th. Ten equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and an average target price of $78.89.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $62.53 on Friday. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 74.44, a PEG ratio of 0.90 and a beta of 0.96. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. Kodiak Gas Services, Inc. has a twelve month low of $32.55 and a twelve month high of $77.68. The stock has a fifty day simple moving average of $63.12 and a 200 day simple moving average of $63.30.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). The firm had revenue of $391.12 million during the quarter, compared to the consensus estimate of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.43 earnings per share. Sell-side analysts expect that Kodiak Gas Services, Inc. will post 2.44 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, August 17th. Kodiak Gas Services’s payout ratio is presently 233.33%.

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.