Kodiak Gas Services, Inc. $KGS Shares Acquired by Odyssean LLC

Key Points

• Odyssean LLC increased its Kodiak Gas Services position by 67.8% in the second quarter, owning 43,034 shares valued at approximately $3.23 million. Institutional investors collectively hold about 24.95% of KGS shares.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” from 12 analysts and an average price target of $78.89, above the reported $62.53 share price.
• Kodiak reported quarterly revenue of $391.1 million, up 21.2% year over year, but earnings per share of $0.55 fell short of the $0.67 consensus estimate. The company also maintains a quarterly dividend of $0.49 per share, implying a 3.1% annualized yield.

Odyssean LLC lifted its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 67.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,034 shares of the company's stock after buying an additional 17,389 shares during the quarter. Kodiak Gas Services makes up 0.5% of Odyssean LLC's investment portfolio, making the stock its 26th largest holding. Odyssean LLC's holdings in Kodiak Gas Services were worth $3,233,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KGS. Royal Bank of Canada boosted its holdings in Kodiak Gas Services by 67.5% during the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company's stock valued at $382,000 after acquiring an additional 4,126 shares during the period. AQR Capital Management LLC increased its stake in Kodiak Gas Services by 64.9% during the first quarter. AQR Capital Management LLC now owns 21,261 shares of the company's stock worth $793,000 after purchasing an additional 8,369 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Kodiak Gas Services by 44.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company's stock worth $1,000,000 after purchasing an additional 8,297 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Kodiak Gas Services by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company's stock worth $73,979,000 after purchasing an additional 730,180 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Kodiak Gas Services by 102.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company's stock worth $3,548,000 after purchasing an additional 48,122 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on KGS shares. Wells Fargo & Company started coverage on shares of Kodiak Gas Services in a report on Wednesday, May 27th. They issued an "overweight" rating and a $93.00 price objective for the company. Stifel Nicolaus increased their target price on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Citigroup raised their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a "buy" rating in a research report on Wednesday, May 13th. Royal Bank Of Canada boosted their price target on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the stock an "outperform" rating in a research note on Thursday, August 13th. Finally, 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. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $78.89.

Kodiak Gas Services Trading Up 1.3%

Shares of Kodiak Gas Services stock opened at $62.53 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. The company has a market capitalization of $6.32 billion, a P/E ratio of 74.44, a PEG ratio of 0.90 and a beta of 0.96. Kodiak Gas Services, Inc. has a 1 year low of $32.55 and a 1 year high of $77.68. The company's fifty day moving average is $63.12 and its two-hundred day moving average is $63.30.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.12). The business 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%. Kodiak Gas Services's quarterly revenue was up 21.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 earnings per share. Analysts forecast that Kodiak Gas Services, Inc. will post 2.44 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were given 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 of this dividend was Monday, August 17th. Kodiak Gas Services's payout ratio is currently 233.33%.

Insider Buying and Selling at Kodiak Gas Services

In related news, insider Pedro Buhigas sold 4,625 shares of the company'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 transaction of $313,482.50. Following the transaction, the insider owned 38,454 shares of the company's stock, valued at approximately $2,606,412.12. This represents a 10.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Ewan Hamilton sold 2,729 shares of the firm'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 transaction of $187,263.98. Following the sale, the chief accounting officer owned 31,617 shares in the company, valued at approximately $2,169,558.54. This trade represents a 7.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 25,530 shares of company stock valued at $1,651,959. 0.64% of the stock is owned by corporate insiders.

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.

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