Barclays PLC Boosts Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

Barclays PLC lifted its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 35.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 57,500 shares of the company's stock after acquiring an additional 15,150 shares during the period. Barclays PLC owned 0.07% of Kodiak Gas Services worth $2,347,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tidal Investments LLC acquired a new position in shares of Kodiak Gas Services during the third quarter valued at about $598,000. Victory Capital Management Inc. raised its stake in Kodiak Gas Services by 155.8% during the 4th quarter. Victory Capital Management Inc. now owns 262,329 shares of the company's stock worth $10,711,000 after buying an additional 159,772 shares during the period. Bailard Inc. bought a new position in Kodiak Gas Services in the fourth quarter worth approximately $363,000. Kestra Private Wealth Services LLC grew its stake in Kodiak Gas Services by 57.7% in the fourth quarter. Kestra Private Wealth Services LLC now owns 18,634 shares of the company's stock valued at $761,000 after acquiring an additional 6,818 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Kodiak Gas Services by 305.7% during the fourth quarter. SG Americas Securities LLC now owns 17,515 shares of the company's stock valued at $715,000 after acquiring an additional 13,198 shares in the last quarter. 24.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on KGS shares. Barclays reduced 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 report on Wednesday, April 16th. Citigroup raised their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research report on Tuesday, January 14th. 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 research note on Tuesday, March 11th. Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Finally, 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. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $41.45.

Kodiak Gas Services Stock Performance

Shares of KGS stock traded up $0.18 on Tuesday, hitting $34.34. 1,066,642 shares of the stock were exchanged, compared to its average volume of 809,369. Kodiak Gas Services, Inc. has a one year low of $24.84 and a one year high of $50.43. The firm's 50 day moving average is $35.53 and its two-hundred day moving average is $39.12. The firm has a market capitalization of $3.05 billion, a PE ratio of 118.42 and a beta of 1.59. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.15). The business had revenue of $309.52 million during the quarter, compared to analysts' expectations of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. Sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.24%. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Monday, May 5th. Kodiak Gas Services's payout ratio is presently 305.08%.

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.