Exchange Traded Concepts LLC Grows Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Exchange Traded Concepts LLC raised its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 36.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,452 shares of the company's stock after acquiring an additional 11,572 shares during the quarter. Exchange Traded Concepts LLC's holdings in Kodiak Gas Services were worth $1,774,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC grew its position in shares of Kodiak Gas Services by 305.7% during the 4th quarter. SG Americas Securities LLC now owns 17,515 shares of the company's stock valued at $715,000 after acquiring an additional 13,198 shares during the period. Baker Ellis Asset Management LLC grew its holdings in Kodiak Gas Services by 1.4% during the fourth quarter. Baker Ellis Asset Management LLC now owns 121,726 shares of the company's stock valued at $4,970,000 after purchasing an additional 1,625 shares during the period. Viking Fund Management LLC increased its position in Kodiak Gas Services by 16.7% in the fourth quarter. Viking Fund Management LLC now owns 70,000 shares of the company's stock worth $2,858,000 after buying an additional 10,000 shares in the last quarter. Sheets Smith Wealth Management bought a new position in shares of Kodiak Gas Services in the fourth quarter worth about $563,000. Finally, Mendota Financial Group LLC bought a new position in shares of Kodiak Gas Services in the fourth quarter worth about $122,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on KGS. Barclays increased their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock an "equal weight" rating in a report on Monday, January 13th. Truist Financial increased their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, November 8th. Mizuho started coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 target price on the stock. JPMorgan Chase & Co. increased their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a "neutral" rating in a research note on Friday, November 29th. Finally, The Goldman Sachs Group boosted their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Kodiak Gas Services presently has a consensus rating of "Moderate Buy" and an average target price of $39.36.

Insider Activity

In other news, insider Ewan William Hamilton sold 3,000 shares of the business's stock in a transaction dated Thursday, November 21st. The shares were 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. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.18% of the company's stock.

Kodiak Gas Services Price Performance

Kodiak Gas Services stock traded down $5.58 during midday trading on Monday, reaching $44.03. 1,516,042 shares of the stock traded hands, compared to its average volume of 911,977. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 12 month low of $22.64 and a 12 month high of $49.72. The stock's fifty day moving average is $42.22 and its 200-day moving average is $33.94. The stock has a market cap of $3.86 billion, a P/E ratio of 151.83 and a beta of 1.15.

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.