Kodiak Gas Services, Inc. (NYSE:KGS) Stock Holdings Boosted by Seven Grand Managers LLC

Seven Grand Managers LLC lifted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 42.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 200,000 shares of the company's stock after buying an additional 60,000 shares during the quarter. Kodiak Gas Services makes up 3.7% of Seven Grand Managers LLC's holdings, making the stock its 10th largest holding. Seven Grand Managers LLC owned 0.23% of Kodiak Gas Services worth $8,166,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. FMR LLC grew its stake in Kodiak Gas Services by 50.2% in the fourth quarter. FMR LLC now owns 7,342,296 shares of the company's stock valued at $299,786,000 after purchasing an additional 2,452,492 shares during the last quarter. Invesco Ltd. raised its stake in shares of Kodiak Gas Services by 1.1% during the 4th quarter. Invesco Ltd. now owns 2,942,782 shares of the company's stock worth $120,154,000 after acquiring an additional 32,966 shares in the last quarter. Vanguard Group Inc. boosted its stake in Kodiak Gas Services by 52.3% in the fourth quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company's stock valued at $108,568,000 after acquiring an additional 913,104 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Kodiak Gas Services by 14.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,650,183 shares of the company's stock worth $67,379,000 after purchasing an additional 202,050 shares during the last quarter. Finally, Encompass Capital Advisors LLC acquired a new position in shares of Kodiak Gas Services during the fourth quarter worth $66,122,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KGS has been the topic of a number of recent research reports. Truist Financial upped their target price 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. Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Barclays lowered 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 report on Wednesday, April 16th. Royal Bank of Canada set a $45.00 price objective on Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Finally, Mizuho lowered their target price on Kodiak Gas Services from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.55.

Kodiak Gas Services Trading Down 3.3%

KGS traded down $1.16 on Wednesday, hitting $34.28. The company had a trading volume of 275,906 shares, compared to its average volume of 834,984. The company's fifty day moving average price is $35.17 and its 200 day moving average price is $39.42. 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, Inc. has a 1 year low of $24.84 and a 1 year high of $50.43. The firm has a market cap of $3.04 billion, a P/E ratio of 118.27 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $329.64 million for the quarter, compared to analysts' expectations of $328.45 million. During the same quarter in the prior year, the company earned $0.39 earnings per share. The business's quarterly revenue was up 52.9% on a year-over-year basis. As a group, equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Monday, May 5th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.25%. This is a positive change from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Monday, May 5th. Kodiak Gas Services's dividend payout ratio is presently 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.