Kodiak Gas Services, Inc. (NYSE:KGS) Shares Sold by Huber Capital Management LLC

Huber Capital Management LLC decreased its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 9.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,595 shares of the company’s stock after selling 6,102 shares during the period. Huber Capital Management LLC’s holdings in Kodiak Gas Services were worth $2,311,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in shares of Kodiak Gas Services by 17.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 198,410 shares of the company’s stock valued at $5,754,000 after acquiring an additional 29,611 shares in the last quarter. FMR LLC lifted its stake in shares of Kodiak Gas Services by 444.4% in the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock worth $141,804,000 after buying an additional 3,991,630 shares in the last quarter. Verition Fund Management LLC grew its stake in Kodiak Gas Services by 80.2% during the 3rd quarter. Verition Fund Management LLC now owns 39,360 shares of the company’s stock valued at $1,141,000 after acquiring an additional 17,522 shares in the last quarter. Hotchkis & Wiley Capital Management LLC acquired a new stake in Kodiak Gas Services in the 3rd quarter valued at about $9,741,000. Finally, Merewether Investment Management LP purchased a new position in Kodiak Gas Services in the 3rd quarter worth approximately $7,540,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Trading Up 2.9 %

NYSE:KGS opened at $38.73 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services, Inc. has a 12 month low of $24.84 and a 12 month high of $50.43. The firm has a market capitalization of $3.43 billion, a PE ratio of 133.56 and a beta of 1.52. The business’s 50-day moving average is $41.92 and its two-hundred day moving average is $38.60.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results 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 during the quarter, compared to analyst estimates of $323.82 million. Research analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently announced 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. This represents a $1.64 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services’s payout ratio is currently 277.97%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on KGS. Truist Financial raised their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research report on Tuesday, March 11th. Barclays dropped their target price on Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating for the company in a research report on Friday, March 21st. Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Mizuho boosted their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Finally, Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the company an “outperform” rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $41.91.

Insider Transactions at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’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 sale, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. The trade was a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.27% of the company’s stock.

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.