Tortoise Capital Advisors L.L.C. Sells 114,671 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Tortoise Capital Advisors L.L.C. trimmed its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 12.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 797,750 shares of the company's stock after selling 114,671 shares during the period. Kodiak Gas Services accounts for 0.4% of Tortoise Capital Advisors L.L.C.'s investment portfolio, making the stock its 26th biggest position. Tortoise Capital Advisors L.L.C. owned about 0.91% of Kodiak Gas Services worth $32,572,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tidal Investments LLC purchased a new stake in shares of Kodiak Gas Services in the 3rd quarter valued at about $598,000. Barclays PLC raised its stake in Kodiak Gas Services by 209.3% in the third quarter. Barclays PLC now owns 42,350 shares of the company's stock valued at $1,228,000 after purchasing an additional 28,658 shares in the last quarter. Victory Capital Management Inc. lifted its position in Kodiak Gas Services by 155.8% during the fourth quarter. Victory Capital Management Inc. now owns 262,329 shares of the company's stock valued at $10,711,000 after purchasing an additional 159,772 shares during the last quarter. State Street Corp grew its stake in Kodiak Gas Services by 8.7% in the 3rd quarter. State Street Corp now owns 678,925 shares of the company's stock worth $19,689,000 after buying an additional 54,202 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Kodiak Gas Services by 16.8% in the 3rd quarter. Geode Capital Management LLC now owns 547,815 shares of the company's stock worth $15,890,000 after buying an additional 78,811 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the sale, the insider now owns 34,771,323 shares of the company's stock, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.27% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on KGS shares. Citigroup increased their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Barclays reduced their price objective on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Mizuho increased their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Finally, 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 report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $41.45.

Kodiak Gas Services Stock Down 0.3 %

KGS traded down $0.10 during midday trading on Friday, reaching $34.72. The company's stock had a trading volume of 321,297 shares, compared to its average volume of 793,291. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43. The stock's 50-day moving average is $36.98 and its 200-day moving average is $38.90. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 119.75 and a beta of 1.52. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share (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 for the quarter, compared to analysts' expectations of $323.82 million. As a group, research analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.45 per share. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend is Monday, May 5th. Kodiak Gas Services's dividend payout ratio (DPR) is currently 277.97%.

Kodiak Gas Services 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.