Tudor Investment Corp ET AL Buys 116,099 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Tudor Investment Corp ET AL boosted its stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 589.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 135,798 shares of the company's stock after purchasing an additional 116,099 shares during the period. Tudor Investment Corp ET AL owned about 0.16% of Kodiak Gas Services worth $5,545,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Kodiak Gas Services by 94.7% during 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 last quarter. Sterling Capital Management LLC increased its position in shares of Kodiak Gas Services by 1,322.6% in the fourth quarter. Sterling Capital Management LLC now owns 754 shares of the company's stock valued at $31,000 after acquiring an additional 701 shares during the period. Amalgamated Bank raised its stake in shares of Kodiak Gas Services by 112.6% during 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 last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Kodiak Gas Services during the fourth quarter worth about $49,000. Finally, Mendota Financial Group LLC bought a new stake in shares of Kodiak Gas Services in the fourth quarter worth about $122,000. Institutional investors own 24.95% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Truist Financial increased their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday, March 11th. Royal Bank of Canada set a $45.00 price target on Kodiak Gas Services and gave the stock an "outperform" rating in a research note on Tuesday, March 11th. Mizuho boosted their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an "outperform" rating in a research report on Monday, February 3rd. Citigroup raised their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Kodiak Gas Services has an average rating of "Moderate Buy" and an average price target of $41.45.

Kodiak Gas Services Stock Up 1.2 %

Shares of NYSE KGS traded up $0.42 during trading on Friday, reaching $35.61. The company had a trading volume of 711,397 shares, compared to its average volume of 806,312. Kodiak Gas Services, Inc. has a 12-month low of $24.84 and a 12-month 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 business's 50-day moving average is $35.87 and its 200 day moving average is $39.08. The stock has a market cap of $3.16 billion, a PE ratio of 122.78 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.15). The firm had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. As a group, equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Monday, May 5th will be issued 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 yield of 5.06%. The ex-dividend date is Monday, May 5th. Kodiak Gas Services's payout ratio is presently 305.08%.

About Kodiak Gas Services

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.