Burkehill Global Management LP Makes New $12.25 Million Investment in Kodiak Gas Services, Inc. (NYSE:KGS)

Burkehill Global Management LP bought a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 300,000 shares of the company's stock, valued at approximately $12,249,000. Kodiak Gas Services comprises 1.2% of Burkehill Global Management LP's investment portfolio, making the stock its 29th largest position. Burkehill Global Management LP owned about 0.34% of Kodiak Gas Services as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. GAMMA Investing LLC lifted its position in shares of Kodiak Gas Services by 94.7% in the fourth 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. Amalgamated Bank raised its stake in Kodiak Gas Services by 112.6% in the 4th 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 period. Transcendent Capital Group LLC acquired a new stake in Kodiak Gas Services during the 4th quarter valued at $49,000. Mendota Financial Group LLC bought a new position in Kodiak Gas Services during the fourth quarter worth $122,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Kodiak Gas Services in the fourth quarter valued at $233,000. Institutional investors own 24.95% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Mizuho raised their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research report on Monday, February 3rd. Royal Bank of Canada set a $45.00 price target on shares of Kodiak Gas Services and gave the company an "outperform" rating in a research report on Tuesday. 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 reaffirmed an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Finally, Truist Financial increased their target price on Kodiak Gas Services from $45.00 to $47.00 and gave the stock a "buy" rating in a report on Tuesday. Two investment 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, the company has an average rating of "Moderate Buy" and an average price target of $42.18.

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Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock traded down $0.84 during midday trading on Thursday, hitting $36.17. 1,197,811 shares of the company traded hands, compared to its average volume of 1,185,871. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 124.72 and a beta of 1.30. 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's fifty day moving average price is $43.97 and its 200-day moving average price is $37.43. Kodiak Gas Services, Inc. has a 12 month low of $24.83 and a 12 month high of $50.43.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its earnings results 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). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company had revenue of $309.52 million for the quarter, compared to the consensus estimate of $323.82 million. As a group, sell-side analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were given a $0.41 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.64 annualized dividend and a yield of 4.53%. Kodiak Gas Services's dividend payout ratio is presently 277.97%.

Insider Activity

In related 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 shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the sale, the insider now owns 34,771,323 shares of the company's stock, valued at $1,651,637,842.50. The trade was a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 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.