Kodiak Gas Services, Inc. (NYSE:KGS) Shares Acquired by Seven Grand Managers LLC

Seven Grand Managers LLC lifted its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 42.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 200,000 shares of the company’s stock after acquiring an additional 60,000 shares during the quarter. Kodiak Gas Services accounts for 3.7% of Seven Grand Managers LLC’s investment portfolio, making the stock its 10th largest position. Seven Grand Managers LLC’s holdings in Kodiak Gas Services were worth $8,166,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. FMR LLC grew its position in Kodiak Gas Services by 50.2% in the 4th quarter. FMR LLC now owns 7,342,296 shares of the company’s stock valued at $299,786,000 after acquiring an additional 2,452,492 shares in the last quarter. Encompass Capital Advisors LLC acquired a new position in shares of Kodiak Gas Services in the fourth quarter valued at approximately $66,122,000. Vanguard Group Inc. increased its stake in Kodiak Gas Services by 52.3% during the 4th quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company’s stock worth $108,568,000 after buying an additional 913,104 shares during the period. Merewether Investment Management LP lifted its holdings in Kodiak Gas Services by 259.4% during the 4th quarter. Merewether Investment Management LP now owns 934,499 shares of the company’s stock worth $38,156,000 after buying an additional 674,499 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Kodiak Gas Services by 1,154.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 681,641 shares of the company’s stock worth $27,832,000 after buying an additional 627,320 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Price Performance

KGS stock opened at $35.63 on Friday. The business has a 50 day moving average price of $35.21 and a 200 day moving average price of $39.29. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 122.87 and a beta of 1.59. 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 released its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 earnings per share 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 analysts’ expectations of $328.45 million. During the same quarter last year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 52.9% on a year-over-year basis. Equities research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a dividend of $0.45 per share. This is a positive change from Kodiak Gas Services’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 5.05%. The ex-dividend date was Monday, May 5th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 339.62%.

Wall Street Analyst Weigh In

Several equities analysts have commented on KGS shares. Barclays dropped their price target on shares of Kodiak Gas Services from $41.00 to $36.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 16th. Royal Bank of Canada set a $45.00 target price on Kodiak Gas Services and gave the stock an “outperform” rating in a research note on Tuesday, March 11th. Mizuho increased their price target 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. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Finally, Truist Financial upped their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.45.

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.