SCP Investment LP Makes New Investment in Kodiak Gas Services, Inc. $KGS

SCP Investment LP purchased a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) in the 3rd quarter, HoldingsChannel reports. The fund purchased 16,800 shares of the company’s stock, valued at approximately $621,000. Kodiak Gas Services makes up 0.5% of SCP Investment LP’s holdings, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KGS. Royal Bank of Canada increased its position in Kodiak Gas Services by 67.5% during the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock valued at $382,000 after purchasing an additional 4,126 shares during the period. AQR Capital Management LLC boosted its stake in shares of Kodiak Gas Services by 64.9% in the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock valued at $793,000 after purchasing an additional 8,369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Kodiak Gas Services by 44.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after buying an additional 8,297 shares during the period. Goldman Sachs Group Inc. raised its stake in Kodiak Gas Services by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after buying an additional 730,180 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Kodiak Gas Services by 102.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock worth $3,548,000 after buying an additional 48,122 shares during the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have weighed in on KGS shares. Barclays increased their price target on Kodiak Gas Services from $42.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, February 6th. Zacks Research lowered Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Royal Bank Of Canada boosted their price target on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Finally, Stifel Nicolaus set a $48.00 price objective on shares of Kodiak Gas Services in a research report on Thursday, November 6th. Eight analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average price target of $47.00.

Kodiak Gas Services Stock Up 1.3%

KGS stock opened at $50.94 on Wednesday. The stock’s 50 day simple moving average is $40.17 and its 200 day simple moving average is $36.68. The company has a market cap of $4.42 billion, a P/E ratio of 63.68 and a beta of 1.31. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. Kodiak Gas Services, Inc. has a fifty-two week low of $29.25 and a fifty-two week high of $52.70.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 13th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Friday, February 13th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 245.00%.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.