Kodiak Gas Services, Inc. (NYSE:KGS) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 16.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 547,815 shares of the company’s stock after buying an additional 78,811 shares during the quarter. Geode Capital Management LLC’s holdings in Kodiak Gas Services were worth $15,890,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. purchased a new stake in Kodiak Gas Services in the 3rd quarter worth $610,000. Victory Capital Management Inc. acquired a new stake in shares of Kodiak Gas Services in the third quarter valued at about $2,974,000. Chesapeake Capital Corp IL acquired a new stake in shares of Kodiak Gas Services in the third quarter valued at about $603,000. HWG Holdings LP increased its stake in shares of Kodiak Gas Services by 5,435.7% during the third quarter. HWG Holdings LP now owns 80,932 shares of the company’s stock worth $2,347,000 after purchasing an additional 79,470 shares in the last quarter. Finally, FMR LLC raised its position 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 purchasing an additional 3,991,630 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

KGS has been the topic of several research analyst reports. Redburn Atlantic assumed coverage on Kodiak Gas Services in a report on Thursday, September 19th. They issued a “buy” rating and a $35.00 price objective on the stock. Raymond James lifted their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Barclays lifted their target price 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 report on Friday, September 27th. They issued a “buy” rating and a $35.00 target price for the company. Finally, Mizuho started coverage on shares of Kodiak Gas Services in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.09.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.18% of the stock is currently owned by insiders.

Kodiak Gas Services Stock Performance

NYSE:KGS opened at $40.45 on Monday. The company’s 50-day moving average is $37.48 and its two-hundred day moving average is $31.31. Kodiak Gas Services, Inc. has a 1-year low of $19.88 and a 1-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 has a market capitalization of $3.54 billion, a price-to-earnings ratio of 139.49 and a beta of 1.14.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio is presently 565.52%.

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.