Walleye Capital LLC Purchases 319,257 Shares of Kodiak Gas Services, Inc. $KGS

Walleye Capital LLC grew its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 385.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 401,983 shares of the company’s stock after buying an additional 319,257 shares during the quarter. Walleye Capital LLC owned 0.46% of Kodiak Gas Services worth $13,776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Swiss National Bank boosted its position in shares of Kodiak Gas Services by 61.9% during the first quarter. Swiss National Bank now owns 93,100 shares of the company’s stock valued at $3,473,000 after buying an additional 35,600 shares during the last quarter. Dark Forest Capital Management LP increased its position in shares of Kodiak Gas Services by 107.9% during the 1st quarter. Dark Forest Capital Management LP now owns 132,837 shares of the company’s stock valued at $4,955,000 after purchasing an additional 68,932 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Kodiak Gas Services by 17.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 362,834 shares of the company’s stock worth $13,534,000 after acquiring an additional 53,155 shares during the period. Nuveen LLC bought a new position in Kodiak Gas Services in the 1st quarter worth $4,287,000. Finally, US Bancorp DE lifted its position in shares of Kodiak Gas Services by 36,918.2% during the 1st quarter. US Bancorp DE now owns 4,072 shares of the company’s stock valued at $152,000 after buying an additional 4,061 shares in the last quarter. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Stock Performance

Shares of NYSE KGS opened at $36.38 on Friday. Kodiak Gas Services, Inc. has a 12 month low of $29.25 and a 12 month high of $50.43. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 45.47 and a beta of 1.33. The company has a 50 day simple moving average of $34.95 and a two-hundred day simple moving average of $34.34.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.14). Kodiak Gas Services had a return on equity of 10.37% and a net margin of 5.84%.The company had revenue of $322.74 million during the quarter, compared to analysts’ expectations of $328.23 million. During the same quarter in the prior year, the company posted ($0.07) EPS. The company’s revenue for the quarter was down .6% on a year-over-year basis. As a group, analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services declared that its board has initiated a stock buyback program on Monday, August 11th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 1.8% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, November 3rd were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 5.4%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Monday, November 3rd. Kodiak Gas Services’s payout ratio is presently 245.00%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Stifel Nicolaus set a $48.00 price objective on Kodiak Gas Services in a research note on Thursday, November 6th. Mizuho dropped their price objective on shares of Kodiak Gas Services from $47.00 to $44.00 and set an “outperform” rating for the company in a research note on Wednesday. Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday. Barclays decreased their price objective on shares of Kodiak Gas Services from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Tuesday, October 14th. Finally, William Blair assumed coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating on the stock. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average target price of $44.29.

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.