14,648 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Purchased by Stifel Financial Corp

Stifel Financial Corp purchased a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 14,648 shares of the company’s stock, valued at approximately $425,000.

Several other institutional investors and hedge funds have also bought and sold shares of KGS. HWG Holdings LP bought a new stake in Kodiak Gas Services during the 2nd quarter valued at approximately $40,000. nVerses Capital LLC lifted its stake in shares of Kodiak Gas Services by 90.9% in the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after purchasing an additional 1,000 shares during the period. SG Americas Securities LLC purchased a new position in shares of Kodiak Gas Services in the 3rd quarter valued at approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Kodiak Gas Services by 115.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock valued at $155,000 after purchasing an additional 3,045 shares in the last quarter. Finally, UMB Bank n.a. purchased a new stake in Kodiak Gas Services in the second quarter worth $174,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Trading Down 1.1 %

Shares of Kodiak Gas Services stock opened at $40.45 on Friday. Kodiak Gas Services, Inc. has a 1-year low of $19.88 and a 1-year high of $44.20. The company’s fifty day simple moving average is $37.30 and its 200-day simple moving average is $31.14. 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 stock has a market capitalization of $3.54 billion, a PE ratio of 139.49 and a beta of 1.14.

Kodiak Gas Services Announces Dividend

The business also recently announced 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 yield of 4.05%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 565.52%.

Analysts Set New Price Targets

KGS has been the subject of several research reports. Barclays increased their price target on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Citigroup began coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They set a “buy” rating and a $35.00 target price for the company. Raymond James lifted their target price on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Royal Bank of Canada upped their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, Redburn Atlantic initiated coverage on Kodiak Gas Services in a research note on Thursday, September 19th. They set a “buy” rating and a $35.00 price objective for the company. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $37.09.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the sale, the insider now owns 31,745 shares in the company, valued at approximately $1,284,085.25. This trade represents a 8.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.18% of the stock is currently owned by corporate insiders.

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.