Pamalican Asset Management Ltd Invests $12.25 Million in Kodiak Gas Services, Inc. (NYSE:KGS)

Pamalican Asset Management Ltd bought a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the 4th quarter, according to the company in its most recent disclosure 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 makes up about 5.4% of Pamalican Asset Management Ltd's portfolio, making the stock its 4th biggest position. Pamalican Asset Management Ltd owned approximately 0.34% of Kodiak Gas Services at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Kodiak Gas Services by 52.3% during the 4th quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company's stock worth $108,568,000 after purchasing an additional 913,104 shares during the last quarter. Zimmer Partners LP lifted its position in shares of Kodiak Gas Services by 313.0% during the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company's stock valued at $51,616,000 after buying an additional 1,348,899 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of Kodiak Gas Services during the third quarter valued at about $44,558,000. American Century Companies Inc. boosted its holdings in shares of Kodiak Gas Services by 26.4% in the 4th quarter. American Century Companies Inc. now owns 939,459 shares of the company's stock valued at $38,358,000 after buying an additional 196,273 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Kodiak Gas Services by 51.0% in the 4th quarter. Geode Capital Management LLC now owns 827,274 shares of the company's stock worth $33,786,000 after buying an additional 279,459 shares during 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 traded down $0.40 during mid-day trading on Wednesday, reaching $29.83. The stock had a trading volume of 676,607 shares, compared to its average volume of 762,673. Kodiak Gas Services, Inc. has a 1-year low of $24.84 and a 1-year high of $50.43. The firm has a market cap of $2.65 billion, a price-to-earnings ratio of 102.88 and a beta of 1.52. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The business's fifty day moving average is $40.30 and its 200-day moving average is $38.70.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $309.52 million during the quarter, compared to analyst estimates of $323.82 million. On average, research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 14th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 5.50%. The ex-dividend date of this dividend was Friday, February 14th. Kodiak Gas Services's payout ratio is 277.97%.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the company's stock in a transaction that occurred 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 sale, the insider now owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. This represents a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.27% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have weighed in on KGS. Royal Bank of Canada set a $45.00 target price on shares of Kodiak Gas Services and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Truist Financial increased their price objective on Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a report on Tuesday, March 11th. Barclays dropped their target price on Kodiak Gas Services from $44.00 to $41.00 and set an "equal weight" rating on the stock in a research note on Friday, March 21st. Citigroup upped their target price 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. Finally, Raymond James reissued an "outperform" rating on shares of Kodiak Gas Services in a report on Friday, March 7th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Kodiak Gas Services currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.91.

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.