Barclays PLC Increases Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Barclays PLC lifted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 209.3% in the third quarter, HoldingsChannel reports. The firm owned 42,350 shares of the company’s stock after acquiring an additional 28,658 shares during the period. Barclays PLC’s holdings in Kodiak Gas Services were worth $1,228,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Dark Forest Capital Management LP raised its position in shares of Kodiak Gas Services by 5.9% in the second quarter. Dark Forest Capital Management LP now owns 20,894 shares of the company’s stock valued at $570,000 after buying an additional 1,164 shares during the last quarter. HWG Holdings LP acquired a new position in Kodiak Gas Services in the 2nd quarter valued at $40,000. Pacer Advisors Inc. lifted its stake in shares of Kodiak Gas Services by 7.6% during the 2nd quarter. Pacer Advisors Inc. now owns 39,944 shares of the company’s stock worth $1,089,000 after purchasing an additional 2,816 shares during the period. Dynamic Technology Lab Private Ltd boosted its holdings in shares of Kodiak Gas Services by 41.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 10,904 shares of the company’s stock worth $316,000 after purchasing an additional 3,209 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Kodiak Gas Services by 34.2% in the second quarter. The Manufacturers Life Insurance Company now owns 13,877 shares of the company’s stock valued at $378,000 after purchasing an additional 3,540 shares during the period. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 transaction of $121,350.00. Following the completion of the sale, the insider now directly owns 31,745 shares in the company, valued at $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.18% of the company’s stock.

Kodiak Gas Services Stock Up 1.7 %

KGS opened at $42.72 on Tuesday. The company has a market capitalization of $3.74 billion, a PE ratio of 147.32 and a beta of 1.15. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services, Inc. has a fifty-two week low of $20.84 and a fifty-two week high of $44.43. The business has a 50-day moving average of $39.61 and a 200-day moving average of $32.41.

Kodiak Gas Services Announces Dividend

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 3.84%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio is presently 565.52%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on KGS shares. Citigroup began coverage on shares of Kodiak Gas Services in a report on Friday, September 27th. They issued a “buy” rating and a $35.00 price target on the stock. Bank of America started coverage on Kodiak Gas Services in a research report on Wednesday, September 18th. They set a “buy” rating and a $30.00 price target for the company. Redburn Atlantic started 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 objective on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group increased their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.18.

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.