Huber Capital Management LLC Sells 6,102 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Huber Capital Management LLC trimmed its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 9.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 56,595 shares of the company’s stock after selling 6,102 shares during the period. Huber Capital Management LLC owned approximately 0.06% of Kodiak Gas Services worth $2,311,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of KGS. GAMMA Investing LLC lifted its stake in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares during the last quarter. Amalgamated Bank raised its holdings in Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock worth $45,000 after purchasing an additional 588 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Kodiak Gas Services in the 4th quarter worth about $49,000. Mendota Financial Group LLC purchased a new position in shares of Kodiak Gas Services in the 4th quarter worth about $122,000. Finally, Virtu Financial LLC bought a new position in Kodiak Gas Services during the 4th quarter valued at about $222,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Citigroup increased their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Raymond James restated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Barclays dropped their price target on Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Finally, Mizuho upped their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Kodiak Gas Services has a consensus rating of “Moderate Buy” and a consensus price target of $41.91.

Kodiak Gas Services Trading Up 2.9 %

Shares of KGS opened at $38.73 on Thursday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 133.56 and a beta of 1.52. The company has a 50-day moving average of $41.92 and a 200 day moving average of $38.60. Kodiak Gas Services, Inc. has a 1-year low of $24.84 and a 1-year high of $50.43.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The company had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. On average, research analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, February 14th. This represents a $1.64 annualized dividend and a yield of 4.23%. Kodiak Gas Services’s dividend payout ratio (DPR) is 277.97%.

Insider Buying and Selling

In other Kodiak Gas Services 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 completion of the sale, the insider now directly owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.27% of the stock is owned by company insiders.

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.