Barclays PLC Purchases 28,658 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Barclays PLC boosted its stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 209.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 42,350 shares of the company's stock after buying 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 quarter.

Several other large investors have also recently bought and sold shares of the stock. Teachers Retirement System of The State of Kentucky acquired a new position in Kodiak Gas Services during the third quarter worth about $950,000. Geode Capital Management LLC boosted its stake in Kodiak Gas Services by 16.8% in the 3rd quarter. Geode Capital Management LLC now owns 547,815 shares of the company's stock worth $15,890,000 after purchasing an additional 78,811 shares during the period. Duff & Phelps Investment Management Co. lifted its stake in Kodiak Gas Services by 16.7% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 28,000 shares of the company's stock worth $812,000 after acquiring an additional 4,000 shares in the last quarter. Pier Capital LLC boosted its position in Kodiak Gas Services by 40.9% during the 3rd quarter. Pier Capital LLC now owns 235,603 shares of the company's stock worth $6,832,000 after acquiring an additional 68,391 shares during the period. Finally, Yaupon Capital Management LP acquired a new position in Kodiak Gas Services in the 3rd quarter valued at approximately $2,144,000. Institutional investors and hedge funds own 24.95% of the company's stock.

Insider Buying and Selling

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following 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 sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.18% of the company's stock.

Kodiak Gas Services Stock Performance

KGS traded up $2.45 during trading on Tuesday, reaching $45.27. 791,975 shares of the company's stock were exchanged, compared to its average volume of 835,009. Kodiak Gas Services, Inc. has a fifty-two week low of $20.84 and a fifty-two week high of $45.42. The company has a market capitalization of $3.96 billion, a P/E ratio of 156.11 and a beta of 1.15. 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 business has a 50 day moving average price of $39.84 and a 200 day moving average price of $32.52.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.41 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a yield of 3.62%. Kodiak Gas Services's payout ratio is currently 565.52%.

Analyst Upgrades and Downgrades

KGS has been the subject of a number of analyst reports. Mizuho began coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They issued an "outperform" rating and a $36.00 target price for the company. Barclays lifted 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. Citigroup raised their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday. Bank of America initiated coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They set a "buy" rating and a $30.00 price target for the company. Finally, Raymond James raised their price objective on shares of 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $39.36.

About Kodiak Gas Services

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.