Westend Capital Management LLC Acquires New Stake in Kodiak Gas Services, Inc. $KGS

Westend Capital Management LLC acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 363,230 shares of the company’s stock, valued at approximately $13,585,000. Kodiak Gas Services makes up about 3.8% of Westend Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Westend Capital Management LLC owned 0.42% of Kodiak Gas Services at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC grew its stake in Kodiak Gas Services by 16.8% during the 4th quarter. Exchange Traded Concepts LLC now owns 77,305 shares of the company’s stock valued at $2,891,000 after acquiring an additional 11,101 shares in the last quarter. Stablepoint Partners LLC purchased a new position in Kodiak Gas Services in the fourth quarter worth approximately $342,000. Argentarii LLC increased its stake in Kodiak Gas Services by 293.7% during the fourth quarter. Argentarii LLC now owns 23,620 shares of the company’s stock worth $883,000 after acquiring an additional 17,620 shares during the last quarter. Viking Fund Management LLC lifted its stake in shares of Kodiak Gas Services by 23.6% in the 4th quarter. Viking Fund Management LLC now owns 157,000 shares of the company’s stock valued at $5,872,000 after purchasing an additional 30,000 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of Kodiak Gas Services by 80.3% during the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after purchasing an additional 556 shares during the period. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Price Performance

Shares of KGS opened at $57.39 on Tuesday. The stock’s 50 day moving average is $51.01 and its two-hundred day moving average is $40.95. Kodiak Gas Services, Inc. has a twelve month low of $29.25 and a twelve month high of $60.07. The firm has a market capitalization of $4.93 billion, a PE ratio of 65.96 and a beta of 1.10. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.13). Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The company had revenue of $332.87 million during the quarter, compared to analysts’ expectations of $330.95 million. During the same quarter in the prior year, the business earned $0.21 EPS. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. Research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.4%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 225.29%.

Insider Buying and Selling

In related news, insider Pedro R. Buhigas sold 13,942 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $55.73, for a total transaction of $776,987.66. Following the transaction, the insider owned 42,723 shares of the company’s stock, valued at approximately $2,380,952.79. This represents a 24.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Ewan William Hamilton sold 5,797 shares of Kodiak Gas Services stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total value of $325,675.46. Following the completion of the sale, the chief accounting officer directly owned 34,346 shares of the company’s stock, valued at approximately $1,929,558.28. This represents a 14.44% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders bought 11,433 shares of company stock worth $624,360 and sold 58,673 shares worth $3,269,110. Company insiders own 0.27% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KGS shares. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Citigroup lifted their price objective on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Royal Bank Of Canada upped their target price on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, March 19th. Finally, Mizuho increased their target price on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $54.57.

Kodiak Gas Services 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.