FORA Capital LLC bought a new stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 14,855 shares of the company's stock, valued at approximately $431,000.
A number of other institutional investors have also modified their holdings of the stock. Security National Bank acquired a new position in Kodiak Gas Services during the second quarter worth $39,000. HWG Holdings LP acquired a new position in Kodiak Gas Services during the second quarter worth $40,000. nVerses Capital LLC grew its holdings in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock worth $57,000 after acquiring an additional 1,000 shares during the period. SG Americas Securities LLC acquired a new position in Kodiak Gas Services during the third quarter worth $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kodiak Gas Services by 115.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company's stock worth $155,000 after acquiring an additional 3,045 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.
Kodiak Gas Services Trading Up 1.6 %
NYSE KGS traded up $0.62 during trading hours on Friday, hitting $40.44. 516,713 shares of the company's stock were exchanged, compared to its average volume of 535,939. The business's 50 day moving average is $33.44 and its 200-day moving average is $29.34. Kodiak Gas Services, Inc. has a 12-month low of $17.50 and a 12-month high of $41.25. The firm has a market capitalization of $3.54 billion, a P/E ratio of 139.45 and a beta of 0.79. 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 Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 4.06%. Kodiak Gas Services's dividend payout ratio is presently 565.54%.
Insiders Place Their Bets
In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of 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 through this hyperlink. 0.18% of the stock is currently owned by insiders.
Analysts Set New Price Targets
A number of analysts have commented on KGS shares. Citigroup started coverage on Kodiak Gas Services in a research report on Friday, September 27th. They set a "buy" rating and a $35.00 target price on the stock. Mizuho started coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 target price on the stock. Redburn Atlantic started 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. Truist Financial boosted their target price 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. Finally, Bank of America started coverage on Kodiak Gas Services in a research report on Wednesday, September 18th. They set a "buy" rating and a $30.00 target price on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $37.09.
Check Out Our Latest Analysis on Kodiak Gas Services
Kodiak Gas Services Company Profile
(
Free Report)
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.
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