Monashee Investment Management LLC Sells 65,494 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Monashee Investment Management LLC reduced its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 58.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,189 shares of the company’s stock after selling 65,494 shares during the quarter. Kodiak Gas Services accounts for approximately 0.3% of Monashee Investment Management LLC’s investment portfolio, making the stock its 28th biggest holding. Monashee Investment Management LLC owned approximately 0.05% of Kodiak Gas Services worth $1,927,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised 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 during the period. B. Riley Wealth Advisors Inc. increased its holdings in shares of Kodiak Gas Services by 3.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock valued at $371,000 after purchasing an additional 405 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in shares of Kodiak Gas Services by 1.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock worth $1,323,000 after buying an additional 500 shares during the last quarter. Amalgamated Bank lifted its stake 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 buying an additional 588 shares during the last quarter. Finally, Comerica Bank boosted its holdings in shares of Kodiak Gas Services by 710.1% during the 4th quarter. Comerica Bank now owns 721 shares of the company’s stock worth $29,000 after buying an additional 632 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

KGS has been the subject of several research reports. Citigroup raised their price objective 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. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an “outperform” rating in a report on Tuesday, March 11th. Truist Financial upped their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Mizuho lifted their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a report on Monday, February 3rd. Finally, Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.45.

Insider Buying and Selling

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services stock in a transaction that occurred 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 sale, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Kodiak Gas Services Stock Down 1.8 %

Shares of NYSE KGS opened at $34.73 on Wednesday. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 119.76 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, Inc. has a 12 month low of $24.84 and a 12 month high of $50.43. The stock has a 50-day moving average price of $36.33 and a two-hundred day moving average price of $39.01.

Kodiak Gas Services (NYSE:KGS) last released 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 return on equity of 7.91% and a net margin of 2.23%. The company had revenue of $309.52 million for the quarter, compared to analyst estimates of $323.82 million. As a group, analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued a dividend of $0.45 per share. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, May 5th. This represents a $1.80 annualized dividend and a dividend yield of 5.18%. Kodiak Gas Services’s dividend payout ratio (DPR) is 305.08%.

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.