Odyssean LLC Boosts Holdings in Kodiak Gas Services, Inc. $KGS

Odyssean LLC boosted its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 67.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,034 shares of the company’s stock after purchasing an additional 17,389 shares during the quarter. Kodiak Gas Services comprises 0.5% of Odyssean LLC’s portfolio, making the stock its 26th largest position. Odyssean LLC’s holdings in Kodiak Gas Services were worth $3,233,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisors Preferred LLC acquired a new stake in Kodiak Gas Services during the 2nd quarter worth approximately $1,986,000. Crown Advisors Management Inc. acquired a new position in Kodiak Gas Services during the second quarter valued at approximately $4,508,000. Charles Schwab Investment Management Inc. grew its stake in Kodiak Gas Services by 29.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock worth $33,713,000 after buying an additional 203,809 shares during the period. HighTower Advisors LLC grew its stake in Kodiak Gas Services by 40.5% during the fourth quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock worth $2,158,000 after buying an additional 16,619 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Kodiak Gas Services by 4.6% in 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 in the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on KGS shares. Citigroup raised their target price on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. The Goldman Sachs Group upped their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Wednesday, August 26th. Jefferies Financial Group cut their price objective on Kodiak Gas Services from $79.00 to $69.00 and set a “buy” rating on the stock in a research report on Monday, August 10th. Finally, Barclays decreased their target price 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. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $78.89.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $62.53 on Friday. Kodiak Gas Services, Inc. has a 12-month low of $32.55 and a 12-month high of $77.68. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 74.44, a price-to-earnings-growth ratio of 0.90 and a beta of 0.96. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. The firm’s fifty day moving average price is $63.12 and its 200 day moving average price is $63.30.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.55 earnings per share 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 analysts’ expectations of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. The business’s quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. On average, research analysts forecast that Kodiak Gas Services, Inc. will post 2.44 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

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

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, CAO Ewan Hamilton sold 2,729 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total value of $187,263.98. Following the transaction, the chief accounting officer directly owned 31,617 shares of the company’s stock, valued at $2,169,558.54. This represents a 7.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO William Lenamon sold 1,000 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $67.79, for a total value of $67,790.00. Following the transaction, the chief operating officer owned 87,294 shares of the company’s stock, valued at approximately $5,917,660.26. This trade represents a 1.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 25,530 shares of company stock valued at $1,651,959 in the last three months. 0.64% of the stock is currently owned by company insiders.

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.