Hiddenite Capital Partners LP Purchases Shares of 300,000 Kodiak Gas Services, Inc. $KGS

Hiddenite Capital Partners LP purchased a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 300,000 shares of the company’s stock, valued at approximately $11,220,000. Kodiak Gas Services accounts for approximately 1.5% of Hiddenite Capital Partners LP’s investment portfolio, making the stock its 20th largest position.

Other hedge funds have also bought and sold shares of the company. United Advisor Group LLC grew its position in Kodiak Gas Services by 2.0% in the fourth quarter. United Advisor Group LLC now owns 15,817 shares of the company’s stock worth $592,000 after acquiring an additional 304 shares in the last quarter. Comerica Bank grew its position in Kodiak Gas Services by 1.8% in the fourth quarter. Comerica Bank now owns 20,499 shares of the company’s stock worth $767,000 after acquiring an additional 357 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 364 shares in the last quarter. Captrust Financial Advisors grew its position in Kodiak Gas Services by 2.7% in the second quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock worth $580,000 after acquiring an additional 448 shares in the last quarter. Finally, GAMMA Investing LLC grew its position in Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after acquiring an additional 556 shares in the last quarter. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Down 0.9%

Shares of NYSE:KGS opened at $73.55 on Friday. Kodiak Gas Services, Inc. has a 1 year low of $30.06 and a 1 year high of $76.68. The business has a 50 day simple moving average of $62.18 and a two-hundred day simple moving average of $47.71. The firm has a market capitalization of $6.53 billion, a PE ratio of 99.39, a price-to-earnings-growth ratio of 0.98 and a beta of 1.01. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.57.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $345.76 million during the quarter, compared to analyst estimates of $340.23 million. During the same quarter in the previous year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts predict that Kodiak Gas Services, Inc. will post 2.35 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 28th. Shareholders of record on Monday, May 18th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Monday, May 18th. Kodiak Gas Services’s payout ratio is 264.86%.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, EVP Cory Anne Roclawski sold 21,161 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was sold at an average price of $56.52, for a total transaction of $1,196,019.72. Following the completion of the transaction, the executive vice president owned 42,257 shares in the company, valued at $2,388,365.64. The trade was a 33.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Randall J. Hogan bought 6,000 shares of the company’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $54.81 per share, with a total value of $328,860.00. Following the transaction, the director directly owned 28,406 shares of the company’s stock, valued at approximately $1,556,932.86. This trade represents a 26.78% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 11,433 shares of company stock valued at $624,360 and have sold 58,673 shares valued at $3,269,110. 0.64% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on KGS. Mizuho lifted their price target on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Stifel Nicolaus set a $84.00 price target on Kodiak Gas Services in a research report on Tuesday. Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Finally, Citigroup lifted their price target on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $67.00.

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