Kestra Investment Management LLC Takes Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Kestra Investment Management LLC bought a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the fourth quarter, HoldingsChannel reports. The fund bought 5,716 shares of the company’s stock, valued at approximately $233,000.

Several other large investors have also recently bought and sold shares of KGS. GAMMA Investing LLC boosted its position in shares of Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after acquiring an additional 342 shares in the last quarter. Mendota Financial Group LLC purchased a new stake in Kodiak Gas Services during the fourth quarter worth approximately $122,000. SG Americas Securities LLC acquired a new position in Kodiak Gas Services in the third quarter valued at approximately $125,000. Quadrature Capital Ltd purchased a new position in Kodiak Gas Services in the third quarter valued at approximately $242,000. Finally, Dynamic Technology Lab Private Ltd raised its holdings in 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 in the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the transaction, the insider now owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

KGS has been the subject of several research analyst reports. Raymond James upped 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. The Goldman Sachs Group upped their price objective 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. Barclays lifted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, January 13th. Mizuho upped their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday, February 3rd. Finally, Truist Financial lifted their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.09.

Kodiak Gas Services Trading Up 1.4 %

NYSE:KGS opened at $46.57 on Thursday. Kodiak Gas Services, Inc. has a 12-month low of $23.57 and a 12-month high of $50.43. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The stock’s 50 day simple moving average is $44.21 and its 200-day simple moving average is $36.08. The firm has a market cap of $4.08 billion, a P/E ratio of 160.58 and a beta of 1.18.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 14th will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.64 annualized dividend and a yield of 3.52%. Kodiak Gas Services’s dividend payout ratio is currently 565.54%.

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.