Orvieto Partners L.P. Acquires Shares of 335,181 Kodiak Gas Services, Inc. (NYSE:KGS)

Orvieto Partners L.P. purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 335,181 shares of the company's stock, valued at approximately $13,685,000. Kodiak Gas Services makes up 11.5% of Orvieto Partners L.P.'s holdings, making the stock its largest holding. Orvieto Partners L.P. owned 0.38% of Kodiak Gas Services as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in KGS. Stifel Financial Corp bought a new stake in Kodiak Gas Services during the third quarter worth about $425,000. Barclays PLC grew its stake in shares of Kodiak Gas Services by 209.3% during the third 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 during the last quarter. Geode Capital Management LLC grew its stake in shares of Kodiak Gas Services by 16.8% during the third quarter. Geode Capital Management LLC now owns 547,815 shares of the company's stock valued at $15,890,000 after purchasing an additional 78,811 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Kodiak Gas Services during the third quarter valued at approximately $598,000. Finally, Franklin Resources Inc. bought a new stake in shares of Kodiak Gas Services during the third quarter valued at approximately $1,242,000. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Stock Down 1.3 %

KGS stock traded down $0.48 during midday trading on Tuesday, hitting $34.90. The company's stock had a trading volume of 152,452 shares, compared to its average volume of 1,127,995. 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 twelve month low of $24.83 and a twelve month high of $50.43. The company's fifty day moving average price is $36.54 and its 200 day moving average price is $39.04. The stock has a market capitalization of $3.09 billion, a P/E ratio of 120.33 and a beta of 1.52.

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

Kodiak Gas Services Increases Dividend

The firm also recently declared 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 positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 5.16%. The ex-dividend date is Monday, May 5th. Kodiak Gas Services's payout ratio is presently 305.08%.

Analysts Set New Price Targets

Several research firms have recently commented on KGS. Barclays decreased their price target on shares of Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Royal Bank of Canada set a $45.00 price objective on shares of Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Citigroup increased their target price 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 reiterated an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Finally, Mizuho increased their target price 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. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $41.45.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the sale, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.27% of the company's stock.

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.