Victory Capital Management Inc. Acquires New Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Victory Capital Management Inc. purchased a new position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 102,557 shares of the company's stock, valued at approximately $2,974,000. Victory Capital Management Inc. owned about 0.12% of Kodiak Gas Services at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. bought a new position in shares of Kodiak Gas Services in the third quarter worth $610,000. United Advisor Group LLC acquired a new stake in Kodiak Gas Services in the third quarter worth about $341,000. HWG Holdings LP grew its position in Kodiak Gas Services by 5,435.7% in the 3rd quarter. HWG Holdings LP now owns 80,932 shares of the company's stock valued at $2,347,000 after buying an additional 79,470 shares in the last quarter. Seven Grand Managers LLC grew its position in Kodiak Gas Services by 300.0% in the 3rd quarter. Seven Grand Managers LLC now owns 140,000 shares of the company's stock valued at $4,060,000 after buying an additional 105,000 shares in the last quarter. Finally, Viking Fund Management LLC acquired a new position in Kodiak Gas Services during the 3rd quarter valued at about $1,740,000. Institutional investors own 24.95% of the company's stock.

Analyst Ratings Changes

KGS has been the topic of several recent research reports. Redburn Atlantic initiated coverage on Kodiak Gas Services in a research report on Thursday, September 19th. They set a "buy" rating and a $35.00 target price on the stock. Royal Bank of Canada upped their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Raymond James lifted their target price 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. Stifel Nicolaus upped their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Finally, Bank of America began coverage on shares of Kodiak Gas Services in a research note on Wednesday, September 18th. They issued a "buy" rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.64.

Kodiak Gas Services Stock Performance

Shares of Kodiak Gas Services stock traded down $0.61 during trading on Friday, reaching $40.44. The company's stock had a trading volume of 855,558 shares, compared to its average volume of 687,073. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 139.45 and a beta of 0.79. The business's fifty day moving average price is $32.29 and its 200-day moving average price is $28.93. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services, Inc. has a one year low of $17.50 and a one year high of $41.25.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a $0.41 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 4.06%. Kodiak Gas Services's dividend payout ratio (DPR) is 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.