Walleye Capital LLC Sells 10,061 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Walleye Capital LLC cut its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 19.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,167 shares of the company's stock after selling 10,061 shares during the period. Walleye Capital LLC's holdings in Kodiak Gas Services were worth $1,681,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its stake in Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after acquiring an additional 342 shares in the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in Kodiak Gas Services by 3.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company's stock worth $371,000 after purchasing an additional 405 shares during the last quarter. U.S. Capital Wealth Advisors LLC grew its position in Kodiak Gas Services by 1.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company's stock valued at $1,323,000 after purchasing an additional 500 shares in the last quarter. Amalgamated Bank increased its position in shares of Kodiak Gas Services by 112.6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after purchasing an additional 588 shares during the last quarter. Finally, Sterling Capital Management LLC increased its position in 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 buying an additional 701 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock traded up $0.26 during midday trading on Friday, hitting $35.08. 131,962 shares of the company traded hands, compared to its average volume of 792,504. The firm's fifty day moving average price is $36.98 and its 200-day moving average price is $38.90. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 121.06 and a beta of 1.52. Kodiak Gas Services, Inc. has a 12 month low of $24.84 and a 12 month high of $50.43. 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 released its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.15). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The firm had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. As a group, sell-side analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be issued a dividend of $0.45 per share. The ex-dividend date is Monday, May 5th. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 5.13%. Kodiak Gas Services's payout ratio is presently 277.97%.

Insider Buying and Selling at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction on Thursday, January 30th. The shares were 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 in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.27% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KGS. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Barclays dropped their target price on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Citigroup raised their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Finally, Mizuho increased their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.45.

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.