1,619,458 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Acquired by Encompass Capital Advisors LLC

Encompass Capital Advisors LLC bought a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,619,458 shares of the company’s stock, valued at approximately $66,122,000. Kodiak Gas Services makes up about 2.5% of Encompass Capital Advisors LLC’s portfolio, making the stock its 8th biggest position. Encompass Capital Advisors LLC owned approximately 1.85% of Kodiak Gas Services at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. GAMMA Investing LLC boosted its position in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after purchasing an additional 342 shares in the last quarter. Comerica Bank boosted its position in shares of Kodiak Gas Services by 710.1% in the 4th quarter. Comerica Bank now owns 721 shares of the company’s stock worth $29,000 after purchasing an additional 632 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Kodiak Gas Services by 1,322.6% during the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company’s stock worth $31,000 after buying an additional 701 shares during the period. Amalgamated Bank increased its stake in shares of Kodiak Gas Services by 112.6% during the fourth 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. Finally, Transcendent Capital Group LLC purchased a new position in Kodiak Gas Services during the fourth quarter worth about $49,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $35.39 on Friday. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of 122.04 and a beta of 1.59. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The stock’s 50 day simple moving average is $35.24 and its two-hundred day simple moving average is $39.12. Kodiak Gas Services, Inc. has a fifty-two week low of $24.84 and a fifty-two week high of $50.43.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The company had revenue of $329.64 million for the quarter, compared to the consensus estimate of $328.45 million. During the same quarter last year, the firm posted $0.39 earnings per share. The firm’s revenue was up 52.9% compared to the same quarter last year. As a group, analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be given a dividend of $0.45 per share. The ex-dividend date is Monday, May 5th. This represents a $1.80 annualized dividend and a dividend yield of 5.09%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.41. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 339.62%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on KGS shares. Mizuho increased their target price on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. Royal Bank of Canada set a $45.00 target price on Kodiak Gas Services and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Truist Financial lifted their price target on Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Finally, Citigroup raised their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $41.45.

About Kodiak Gas Services

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.