Bryce Point Capital LLC Takes Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Bryce Point Capital LLC purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 23,255 shares of the company's stock, valued at approximately $950,000.

Other large investors also recently bought and sold shares of the company. Tidal Investments LLC bought a new stake in shares of Kodiak Gas Services during the third quarter worth $598,000. Barclays PLC increased its stake in Kodiak Gas Services by 209.3% in the 3rd quarter. Barclays PLC now owns 42,350 shares of the company's stock worth $1,228,000 after buying an additional 28,658 shares during the period. Victory Capital Management Inc. boosted its position in Kodiak Gas Services by 155.8% in the 4th quarter. Victory Capital Management Inc. now owns 262,329 shares of the company's stock valued at $10,711,000 after buying an additional 159,772 shares during the period. State Street Corp boosted its position in Kodiak Gas Services by 8.7% in the 3rd quarter. State Street Corp now owns 678,925 shares of the company's stock valued at $19,689,000 after buying an additional 54,202 shares during the period. Finally, Geode Capital Management LLC grew its stake in Kodiak Gas Services by 16.8% in the 3rd quarter. Geode Capital Management LLC now owns 547,815 shares of the company's stock worth $15,890,000 after acquiring an additional 78,811 shares in the last quarter. Hedge funds and other institutional investors own 24.95% of the company's stock.

Insider Buying and Selling

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the sale, the insider now directly owns 34,771,323 shares of the company's stock, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.27% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays lowered 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. Citigroup increased their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Raymond James restated an "outperform" rating on shares of Kodiak Gas Services in a research note on Friday, March 7th. Mizuho upped their price objective on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. Finally, Truist Financial boosted their price target on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $41.91.

Kodiak Gas Services Stock Up 0.8 %

Shares of NYSE:KGS traded up $0.25 during trading on Tuesday, reaching $31.64. The stock had a trading volume of 635,169 shares, compared to its average volume of 754,667. The firm's 50-day simple moving average is $41.02 and its 200 day simple moving average is $38.76. 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 one year low of $24.84 and a one year high of $50.43. The company has a market capitalization of $2.81 billion, a P/E ratio of 109.34 and a beta of 1.52.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted 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 firm had revenue of $309.52 million for the quarter, compared to analysts' expectations of $323.82 million. As a group, research analysts expect that Kodiak Gas Services, Inc. will post 1.12 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 5.18%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services's dividend payout ratio is currently 277.97%.

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.