Zimmer Partners LP Has $136.69 Million Stock Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Zimmer Partners LP boosted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 88.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,347,700 shares of the company's stock after buying an additional 1,567,849 shares during the period. Kodiak Gas Services makes up about 2.4% of Zimmer Partners LP's portfolio, making the stock its 14th largest position. Zimmer Partners LP owned approximately 3.82% of Kodiak Gas Services worth $136,687,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of KGS. U.S. Capital Wealth Advisors LLC grew its stake in shares of Kodiak Gas Services by 1.6% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company's stock worth $1,323,000 after acquiring an additional 500 shares in the last quarter. Amalgamated Bank grew its stake in shares of Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company's stock worth $45,000 after acquiring an additional 588 shares in the last quarter. Comerica Bank grew its stake 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 acquiring an additional 632 shares in the last quarter. Sterling Capital Management LLC grew its stake in shares of Kodiak Gas Services by 1,322.6% in the 4th quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock worth $31,000 after acquiring an additional 701 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Kodiak Gas Services by 6.9% in the 4th quarter. Stifel Financial Corp now owns 15,655 shares of the company's stock worth $639,000 after acquiring an additional 1,007 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Price Performance

Shares of NYSE:KGS opened at $35.47 on Tuesday. 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 firm has a market capitalization of $3.15 billion, a PE ratio of 122.31 and a beta of 1.59. Kodiak Gas Services, Inc. has a twelve month low of $24.84 and a twelve month high of $50.43. The company has a 50-day moving average price of $35.19 and a two-hundred day moving average price of $39.45.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $328.45 million. During the same period last year, the business earned $0.39 earnings per share. Kodiak Gas Services's revenue was up 52.9% compared to the same quarter last year. Equities analysts forecast that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Monday, May 5th were given a $0.45 dividend. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend was Monday, May 5th. Kodiak Gas Services's dividend payout ratio (DPR) is 339.62%.

Analyst Ratings Changes

Several research firms have recently issued reports on KGS. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Mizuho raised their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Barclays decreased their price objective on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Truist Financial raised their price objective on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $41.45.

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.

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