300,000 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Purchased by Burkehill Global Management LP

Burkehill Global Management LP acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 300,000 shares of the company’s stock, valued at approximately $12,249,000. Kodiak Gas Services comprises about 1.2% of Burkehill Global Management LP’s portfolio, making the stock its 29th largest position.

Other hedge funds have also recently added to or reduced their stakes in the company. Great Lakes Advisors LLC grew its position in shares of Kodiak Gas Services by 29.6% in the fourth quarter. Great Lakes Advisors LLC now owns 9,017 shares of the company’s stock valued at $368,000 after purchasing an additional 2,059 shares during the last quarter. King Luther Capital Management Corp raised its position in shares of Kodiak Gas Services by 827.5% during the 4th quarter. King Luther Capital Management Corp now owns 99,703 shares of the company’s stock worth $4,071,000 after purchasing an additional 88,953 shares during the last quarter. AlphaQuest LLC purchased a new stake in Kodiak Gas Services in the 4th quarter valued at approximately $483,000. Raymond James Financial Inc. acquired a new stake in Kodiak Gas Services during the 4th quarter valued at $276,000. Finally, Arizona State Retirement System increased its position in Kodiak Gas Services by 16.5% during the fourth quarter. Arizona State Retirement System now owns 8,482 shares of the company’s stock worth $346,000 after buying an additional 1,200 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $37.01 on Thursday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The firm has a market capitalization of $3.24 billion, a price-to-earnings ratio of 127.63 and a beta of 1.30. Kodiak Gas Services, Inc. has a one year low of $24.83 and a one year high of $50.43. The company has a 50 day moving average price of $44.05 and a 200 day moving average price of $37.44.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data 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). The company had revenue of $309.52 million for the quarter, compared to analysts’ expectations of $323.82 million. Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.91%. Sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were paid a dividend of $0.41 per share. The ex-dividend date was Friday, February 14th. This represents a $1.64 annualized dividend and a yield of 4.43%. Kodiak Gas Services’s dividend payout ratio is presently 277.97%.

Wall Street Analyst Weigh In

KGS has been the topic of several recent research reports. Citigroup upped their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Truist Financial boosted their target price on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a “buy” rating in a research note on Tuesday. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the stock an “outperform” rating in a research note on Tuesday. The Goldman Sachs Group boosted their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Barclays raised their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $42.18.

Insider Transactions 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 shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the sale, the insider now owns 34,771,323 shares of the company’s stock, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.18% of the company’s stock.

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.