Encompass Capital Advisors LLC Invests $66.12 Million in Kodiak Gas Services, Inc. (NYSE:KGS)

Encompass Capital Advisors LLC acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,619,458 shares of the company's stock, valued at approximately $66,122,000. Kodiak Gas Services accounts for about 2.5% of Encompass Capital Advisors LLC's holdings, making the stock its 8th largest position. Encompass Capital Advisors LLC owned approximately 1.85% of Kodiak Gas Services at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of KGS. FMR LLC raised its holdings 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 buying an additional 2,452,492 shares during the period. Vanguard Group Inc. raised its holdings in Kodiak Gas Services by 52.3% in the 4th quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company's stock valued at $108,568,000 after buying an additional 913,104 shares during the period. Dimensional Fund Advisors LP raised its holdings in Kodiak Gas Services by 1,154.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 681,641 shares of the company's stock valued at $27,832,000 after buying an additional 627,320 shares during the period. Augustine Asset Management Inc. raised its holdings in Kodiak Gas Services by 1,761.2% in the 4th quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company's stock valued at $26,141,000 after buying an additional 605,844 shares during the period. Finally, Blackstone Inc. acquired a new position in Kodiak Gas Services in the 4th quarter valued at about $20,230,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

KGS has been the subject of several research reports. Citigroup lifted their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. Barclays dropped their target price on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Mizuho lifted their target price 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 reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Finally, Royal Bank of Canada set a $45.00 target price on Kodiak Gas Services and gave the company an "outperform" rating in a research report on Tuesday, March 11th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services has a consensus rating of "Moderate Buy" and an average target price of $41.45.

Kodiak Gas Services Stock Up 0.3%

Shares of KGS stock traded up $0.12 during trading hours on Friday, reaching $35.56. 777,871 shares of the stock were exchanged, compared to its average volume of 819,159. The business's fifty day moving average is $35.16 and its two-hundred day moving average is $39.27. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month high of $50.43. The firm has a market capitalization of $3.15 billion, a P/E ratio of 122.62 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its earnings results 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. The firm had revenue of $329.64 million for the quarter, compared to analyst estimates of $328.45 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. The business's quarterly revenue was up 52.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.39 earnings per share. As a group, research analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 5.06%. The ex-dividend date is Monday, May 5th. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. Kodiak Gas Services's payout ratio is currently 339.62%.

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.