Boothbay Fund Management LLC Acquires Shares of 45,179 Kodiak Gas Services, Inc. (NYSE:KGS)

Boothbay Fund Management LLC acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 45,179 shares of the company’s stock, valued at approximately $1,845,000. Boothbay Fund Management LLC owned 0.05% of Kodiak Gas Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Tidal Investments LLC acquired a new position in Kodiak Gas Services in the third quarter valued at $598,000. Barclays PLC increased 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 during the period. Victory Capital Management Inc. increased its stake in Kodiak Gas Services by 155.8% in 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 period. Geode Capital Management LLC increased its stake in Kodiak Gas Services by 16.8% in the third quarter. Geode Capital Management LLC now owns 547,815 shares of the company’s stock valued at $15,890,000 after purchasing an additional 78,811 shares during the period. Finally, Bailard Inc. acquired a new position in Kodiak Gas Services in the fourth quarter valued at $363,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on KGS shares. Citigroup boosted 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 note on Tuesday, January 14th. Truist Financial boosted their price target 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. Barclays dropped their price target 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. Mizuho boosted 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 note on Monday, February 3rd. Finally, Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.45.

Kodiak Gas Services Stock Up 1.5 %

Shares of NYSE KGS opened at $35.41 on Tuesday. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43. The company has a market capitalization of $3.14 billion, a PE ratio of 122.11 and a beta of 1.52. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The firm’s 50-day moving average is $36.54 and its two-hundred day moving average is $39.04.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (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 business had revenue of $309.52 million during the quarter, compared to analysts’ expectations of $323.82 million. Equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be issued a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 5.08%. The ex-dividend date is Monday, May 5th. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.41. Kodiak Gas Services’s dividend payout ratio is 305.08%.

Insider Buying and Selling at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm’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 sale, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.27% of the company’s stock.

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.