Verbena Value LP Acquires New Position in Kodiak Gas Services, Inc. $KGS

Verbena Value LP bought a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 117,400 shares of the company’s stock, valued at approximately $6,847,000. Kodiak Gas Services comprises 1.1% of Verbena Value LP’s portfolio, making the stock its 20th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after acquiring an additional 364 shares during the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after purchasing an additional 1,156 shares during the last quarter. State of Wyoming grew its position in shares of Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after purchasing an additional 815 shares during the period. GAMMA Investing LLC grew its position in shares of Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after purchasing an additional 556 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Kodiak Gas Services by 80.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after purchasing an additional 646 shares during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Kodiak Gas Services news, CAO Ewan William Hamilton sold 2,729 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $68.62, for a total value of $187,263.98. Following the completion of the transaction, the chief accounting officer owned 31,617 shares in the company, valued at $2,169,558.54. This represents a 7.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO William Chad Lenamon sold 1,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00. Following the completion of the sale, the chief operating officer directly owned 90,918 shares of the company’s stock, valued at $6,163,331.22. This trade represents a 1.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 12,523 shares of company stock valued at $853,529. Insiders own 0.64% of the company’s stock.

Kodiak Gas Services Stock Down 0.2%

Shares of NYSE KGS opened at $67.69 on Monday. The stock has a fifty day moving average price of $70.41 and a 200 day moving average price of $57.54. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. Kodiak Gas Services, Inc. has a 12-month low of $30.06 and a 12-month high of $77.68. The company has a market cap of $6.01 billion, a P/E ratio of 91.48, a P/E/G ratio of 1.05 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The company had revenue of $345.76 million for the quarter, compared to analysts’ expectations of $340.23 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts anticipate that Kodiak Gas Services, Inc. will post 2.3 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 264.86%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on KGS shares. Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Jefferies Financial Group assumed coverage on Kodiak Gas Services in a report on Thursday, June 4th. They issued a “buy” rating and a $79.00 price target for the company. Barclays dropped their price objective on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a research note on Wednesday, July 8th. Royal Bank Of Canada increased their price objective on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, May 18th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.75.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.