Viking Fund Management LLC Has $5.87 Million Position in Kodiak Gas Services, Inc. $KGS

Viking Fund Management LLC raised its position in Kodiak Gas Services, Inc. (NYSE:KGS) by 23.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 157,000 shares of the company’s stock after purchasing an additional 30,000 shares during the quarter. Viking Fund Management LLC owned 0.18% of Kodiak Gas Services worth $5,872,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Kodiak Gas Services by 67.5% in the first quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock valued at $382,000 after buying an additional 4,126 shares during the period. AQR Capital Management LLC boosted its position in Kodiak Gas Services by 64.9% during the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock worth $793,000 after buying an additional 8,369 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Kodiak Gas Services by 44.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after acquiring an additional 8,297 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after acquiring an additional 730,180 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Kodiak Gas Services by 102.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock valued at $3,548,000 after acquiring an additional 48,122 shares during the period. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Trading Up 1.0%

KGS opened at $59.11 on Wednesday. Kodiak Gas Services, Inc. has a twelve month low of $29.25 and a twelve month high of $60.07. The company has a fifty day moving average of $49.31 and a 200-day moving average of $40.25. The stock has a market cap of $5.08 billion, a PE ratio of 67.94 and a beta of 1.11. The company has a quick ratio of 0.57, a current ratio of 0.84 and a debt-to-equity ratio of 2.12.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. Kodiak Gas Services’s quarterly revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 EPS. On average, sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were paid a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services’s payout ratio is currently 225.29%.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, insider Pedro R. Buhigas sold 13,942 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $55.73, for a total value of $776,987.66. Following the transaction, the insider directly owned 42,723 shares of the company’s stock, valued at approximately $2,380,952.79. The trade was a 24.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Randall J. Hogan purchased 6,000 shares of the business’s stock in a transaction on Friday, March 13th. The shares were acquired at an average price of $54.81 per share, for a total transaction of $328,860.00. Following the completion of the acquisition, the director directly owned 28,406 shares in the company, valued at approximately $1,556,932.86. This represents a 26.78% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 11,433 shares of company stock worth $624,360 and have sold 58,673 shares worth $3,269,110. 0.27% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on KGS. Citigroup lifted their price target on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. The Goldman Sachs Group lifted their target price on Kodiak Gas Services from $46.00 to $60.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Mizuho upped their price target on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research report on Tuesday, January 20th. Finally, Royal Bank Of Canada increased their price target on Kodiak Gas Services from $45.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday, March 19th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $54.57.

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.