Tidal Investments LLC bought a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 20,625 shares of the company's stock, valued at approximately $598,000.
Several other large investors have also recently bought and sold shares of the stock. FMR LLC boosted its stake in shares of Kodiak Gas Services by 444.4% during the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company's stock worth $141,804,000 after acquiring an additional 3,991,630 shares during the period. Wellington Management Group LLP acquired a new stake in Kodiak Gas Services during the 3rd quarter valued at $44,558,000. Zimmer Partners LP boosted its position in Kodiak Gas Services by 313.0% during the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company's stock worth $51,616,000 after purchasing an additional 1,348,899 shares during the period. Hotchkis & Wiley Capital Management LLC acquired a new position in shares of Kodiak Gas Services in the third quarter valued at $9,741,000. Finally, HITE Hedge Asset Management LLC raised its position in shares of Kodiak Gas Services by 74.8% in the second quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company's stock valued at $21,279,000 after purchasing an additional 334,086 shares during the period. 24.95% of the stock is owned by institutional investors and hedge funds.
A number of brokerages recently commented on KGS. The Goldman Sachs Group upped their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Citigroup assumed coverage on Kodiak Gas Services in a report on Friday, September 27th. They set a "buy" rating and a $35.00 price target for the company. 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. Bank of America assumed coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They set a "buy" rating and a $30.00 target price for the company. Finally, Raymond James raised their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $37.09.
Get Our Latest Stock Report on Kodiak Gas Services
Shares of KGS opened at $39.80 on Monday. The firm has a 50 day simple moving average of $36.56 and a two-hundred day simple moving average of $30.80. The company has a market cap of $3.49 billion, a P/E ratio of 137.25 and a beta of 1.14. Kodiak Gas Services, Inc. has a one year low of $19.48 and a one year high of $44.20. 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 firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 annualized dividend and a dividend yield of 4.12%. Kodiak Gas Services's dividend payout ratio is currently 565.52%.
In related news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the transaction, the insider now owns 31,745 shares of the company's stock, valued at $1,284,085.25. This represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.18% of the stock is currently owned by insiders.
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.
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