Kodiak Gas Services, Inc. (NYSE:KGS) Shares Acquired by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. boosted its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 911.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 283,204 shares of the company’s stock after buying an additional 255,204 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Kodiak Gas Services were worth $11,563,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank acquired a new position in shares of Kodiak Gas Services in the 4th quarter valued at $766,000. Sheets Smith Investment Management acquired a new position in Kodiak Gas Services during the fourth quarter worth approximately $1,326,000. Corebridge Financial Inc. lifted its stake in Kodiak Gas Services by 50.2% in the fourth quarter. Corebridge Financial Inc. now owns 16,186 shares of the company’s stock valued at $661,000 after buying an additional 5,409 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 during the period. Finally, Fox Run Management L.L.C. purchased a new position in Kodiak Gas Services during the 4th quarter worth $803,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on KGS. Citigroup lifted their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Barclays reduced their price target on Kodiak Gas Services from $44.00 to $41.00 and set an “equal weight” rating for the company in a report on Friday, March 21st. JPMorgan Chase & Co. increased their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Mizuho increased their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.91.

Insiders Place Their Bets

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction 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 completion of the transaction, the insider now directly owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 0.18% of the stock is owned by corporate insiders.

Kodiak Gas Services Stock Down 1.1 %

KGS stock opened at $37.49 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The company’s 50 day simple moving average is $42.75 and its 200-day simple moving average is $38.19. Kodiak Gas Services, Inc. has a 12 month low of $24.84 and a 12 month high of $50.43. The firm has a market capitalization of $3.32 billion, a PE ratio of 129.28 and a beta of 1.30.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, March 5th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $309.52 million for the quarter, compared to analyst estimates of $323.82 million. Equities analysts expect that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 dividend on an annualized basis and a yield of 4.37%. Kodiak Gas Services’s dividend payout ratio (DPR) is 277.97%.

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.