JPMorgan Chase & Co. Lowers Stock Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

JPMorgan Chase & Co. reduced its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 22.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,150 shares of the company's stock after selling 24,275 shares during the period. JPMorgan Chase & Co. owned about 0.10% of Kodiak Gas Services worth $3,518,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KGS. GAMMA Investing LLC lifted its holdings in shares of Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after buying an additional 342 shares during the period. Amalgamated Bank lifted its holdings in Kodiak Gas Services by 112.6% in the fourth quarter. Amalgamated Bank now owns 1,110 shares of the company's stock valued at $45,000 after acquiring an additional 588 shares during the period. Transcendent Capital Group LLC purchased a new stake in Kodiak Gas Services in the 4th quarter worth approximately $49,000. Mendota Financial Group LLC acquired a new stake in shares of Kodiak Gas Services during the 4th quarter worth approximately $122,000. Finally, Virtu Financial LLC acquired a new stake in shares of Kodiak Gas Services during the 4th quarter worth approximately $222,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the transaction, the insider now directly owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. This represents a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.27% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

KGS has been the topic of a number of recent analyst reports. Citigroup increased their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a report on Tuesday, January 14th. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an "outperform" rating in a report on Tuesday, March 11th. Barclays lowered their price target on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, Truist Financial boosted their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" 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 company's stock. According to MarketBeat.com, Kodiak Gas Services currently has an average rating of "Moderate Buy" and a consensus target price of $41.45.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock traded up $0.02 on Friday, hitting $34.84. 670,561 shares of the company were exchanged, compared to its average volume of 796,769. Kodiak Gas Services, Inc. has a 1-year low of $24.84 and a 1-year high of $50.43. 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 capitalization of $3.09 billion, a price-to-earnings ratio of 120.14 and a beta of 1.52. The company has a 50-day moving average price of $36.76 and a 200 day moving average price of $38.92.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. As a group, sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Monday, May 5th will be paid a dividend of $0.45 per share. The ex-dividend date of this dividend is Monday, May 5th. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a yield of 5.17%. Kodiak Gas Services's payout ratio is 277.97%.

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.