Exchange Traded Concepts LLC Has $2.89 Million Stock Holdings in Kodiak Gas Services, Inc. $KGS

Exchange Traded Concepts LLC increased its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 16.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 77,305 shares of the company’s stock after purchasing an additional 11,101 shares during the quarter. Exchange Traded Concepts LLC owned approximately 0.09% of Kodiak Gas Services worth $2,891,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. lifted its position in shares of Kodiak Gas Services by 492.8% in the third quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock valued at $14,753,000 after buying an additional 331,732 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Kodiak Gas Services by 126.9% during the 3rd quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock worth $6,624,000 after acquiring an additional 100,194 shares during the last quarter. Tyler Stone Wealth Management bought a new stake in Kodiak Gas Services in the 2nd quarter valued at $1,068,000. Walleye Capital LLC raised its stake in Kodiak Gas Services by 385.9% in the 2nd quarter. Walleye Capital LLC now owns 401,983 shares of the company’s stock valued at $13,776,000 after acquiring an additional 319,257 shares during the period. Finally, Public Sector Pension Investment Board acquired a new stake in Kodiak Gas Services during the 3rd quarter valued at $9,491,000. Institutional investors own 24.95% of the company’s stock.

Analyst Upgrades and Downgrades

KGS has been the subject of a number of research analyst reports. Citigroup lifted their price objective on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a research report on Monday, March 2nd. Wall Street Zen upgraded shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Mizuho upped their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Finally, Barclays increased their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $54.57.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, EVP Cory Anne Roclawski sold 21,161 shares of Kodiak Gas Services stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $56.52, for a total value of $1,196,019.72. Following the completion of the sale, the executive vice president owned 42,257 shares in the company, valued at $2,388,365.64. The trade was a 33.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Randall J. Hogan bought 6,000 shares of the firm’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $54.81 per share, for a total transaction of $328,860.00. Following the transaction, the director owned 28,406 shares in the company, valued at approximately $1,556,932.86. This represents a 26.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders purchased 11,433 shares of company stock valued at $624,360 and sold 58,673 shares valued at $3,269,110. 0.27% of the stock is owned by insiders.

Kodiak Gas Services Stock Performance

KGS opened at $58.31 on Wednesday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. The business has a fifty day simple moving average of $51.41 and a 200 day simple moving average of $41.13. Kodiak Gas Services, Inc. has a 1 year low of $29.25 and a 1 year high of $60.07. The company has a market capitalization of $5.01 billion, a PE ratio of 67.02 and a beta of 1.11.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The firm had revenue of $332.87 million for the quarter, compared to the consensus estimate of $330.95 million. During the same quarter in the previous year, the business earned $0.21 EPS. The firm’s quarterly revenue was up 7.6% on a year-over-year basis. Research analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 225.29%.

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.