Entropy Technologies LP Makes New Investment in Kodiak Gas Services, Inc. (NYSE:KGS)

Entropy Technologies LP purchased a new position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 24,436 shares of the company's stock, valued at approximately $998,000.

Other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC boosted its stake in shares of Kodiak Gas Services by 94.7% in the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock worth $29,000 after acquiring an additional 342 shares during the last quarter. Mendota Financial Group LLC acquired a new stake in shares of Kodiak Gas Services in the fourth quarter worth approximately $122,000. SG Americas Securities LLC acquired a new stake in shares of Kodiak Gas Services in the third quarter worth approximately $125,000. Quadrature Capital Ltd acquired a new stake in shares of Kodiak Gas Services in the third quarter worth approximately $242,000. Finally, Dynamic Technology Lab Private Ltd boosted its stake in shares of Kodiak Gas Services by 41.7% in the third quarter. Dynamic Technology Lab Private Ltd now owns 10,904 shares of the company's stock worth $316,000 after acquiring an additional 3,209 shares during the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Trading Up 0.7 %

NYSE:KGS traded up $0.31 on Friday, reaching $45.22. The company's stock had a trading volume of 729,216 shares, compared to its average volume of 1,071,054. Kodiak Gas Services, Inc. has a 12-month low of $23.54 and a 12-month high of $50.43. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 155.93 and a beta of 1.18. The stock has a 50 day moving average price of $43.99 and a 200 day moving average price of $35.66.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 14th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.64 dividend on an annualized basis and a yield of 3.63%. Kodiak Gas Services's dividend payout ratio is currently 565.54%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on KGS shares. Mizuho lifted their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a research note on Monday, February 3rd. The Goldman Sachs Group boosted their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Royal Bank of Canada boosted their price objective 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. Barclays boosted their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Monday, January 13th. Finally, Raymond James boosted their price objective 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. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $41.09.

Insider Buying and Selling at Kodiak Gas Services

In related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Ewan William Hamilton sold 3,000 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the sale, the insider now owns 31,745 shares in the company, valued at $1,284,085.25. This represents a 8.63 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

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.