Kodiak Gas Services, Inc. (NYSE:KGS) Holdings Lowered by Jump Financial LLC

Jump Financial LLC reduced its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,463 shares of the company's stock after selling 14,655 shares during the period. Jump Financial LLC owned approximately 0.09% of Kodiak Gas Services worth $3,163,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KGS. Guggenheim Capital LLC bought a new position in shares of Kodiak Gas Services during the fourth quarter worth about $256,000. Mariner LLC lifted its position in shares of Kodiak Gas Services by 137.6% during the fourth quarter. Mariner LLC now owns 39,328 shares of the company's stock worth $1,606,000 after purchasing an additional 22,775 shares during the last quarter. Barclays PLC lifted its position in shares of Kodiak Gas Services by 35.8% during the fourth quarter. Barclays PLC now owns 57,500 shares of the company's stock worth $2,347,000 after purchasing an additional 15,150 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Kodiak Gas Services by 72.5% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,406 shares of the company's stock worth $139,000 after purchasing an additional 1,431 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its position in shares of Kodiak Gas Services by 1,322.6% during the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock worth $31,000 after purchasing an additional 701 shares during the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the sale, the insider now directly owns 34,771,323 shares of the company's stock, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KGS shares. Mizuho increased 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 report on Monday, February 3rd. Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Barclays dropped their price objective on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Finally, Truist Financial increased 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 note on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Kodiak Gas Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.45.

Kodiak Gas Services Stock Performance

Shares of NYSE:KGS traded up $0.40 during trading hours on Wednesday, hitting $33.65. The stock had a trading volume of 188,254 shares, compared to its average volume of 1,140,455. The stock's fifty day simple moving average is $37.43 and its 200 day simple moving average is $38.92. Kodiak Gas Services, Inc. has a 1-year low of $24.83 and a 1-year high of $50.43. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 116.04 and a beta of 1.52. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. Sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services's dividend payout ratio is presently 277.97%.

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.