Blackstone Inc. Makes New $20.23 Million Investment in Kodiak Gas Services, Inc. (NYSE:KGS)

Blackstone Inc. bought a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 495,468 shares of the company's stock, valued at approximately $20,230,000. Blackstone Inc. owned approximately 0.57% of Kodiak Gas Services at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Barclays PLC raised its position in Kodiak Gas Services by 209.3% in the 3rd quarter. Barclays PLC now owns 42,350 shares of the company's stock valued at $1,228,000 after purchasing an additional 28,658 shares in the last quarter. Tidal Investments LLC acquired a new stake in Kodiak Gas Services in the third quarter valued at approximately $598,000. Franklin Resources Inc. purchased a new position in Kodiak Gas Services in the third quarter worth approximately $1,242,000. B. Riley Wealth Advisors Inc. grew its holdings in Kodiak Gas Services by 3.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company's stock worth $371,000 after acquiring an additional 405 shares in the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of Kodiak Gas Services in the 3rd quarter valued at $610,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on KGS shares. Mizuho increased their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a report on Monday, February 3rd. Truist Financial raised their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a research report on Tuesday, March 11th. Raymond James reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Barclays cut their price objective on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Finally, Citigroup upped their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.45.

Kodiak Gas Services Stock Performance

KGS stock traded up $1.26 on Thursday, hitting $35.39. The company's stock had a trading volume of 1,708,033 shares, compared to its average volume of 816,382. Kodiak Gas Services, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. 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 firm has a 50 day moving average of $35.24 and a two-hundred day moving average of $39.12.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $329.64 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm earned $0.39 earnings per share. Equities analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a $0.45 dividend. This is a boost from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 5.09%. The ex-dividend date is Monday, May 5th. Kodiak Gas Services's payout ratio is currently 339.62%.

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.