JPMorgan Chase & Co. Has $3.20 Million Stock Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

JPMorgan Chase & Co. boosted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 55.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 110,425 shares of the company's stock after acquiring an additional 39,477 shares during the period. JPMorgan Chase & Co. owned approximately 0.13% of Kodiak Gas Services worth $3,202,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Kodiak Gas Services by 444.4% during the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company's stock valued at $141,804,000 after purchasing an additional 3,991,630 shares in the last quarter. Wellington Management Group LLP bought a new position in Kodiak Gas Services in the third quarter valued at approximately $44,558,000. Zimmer Partners LP boosted its holdings in shares of Kodiak Gas Services by 313.0% in the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company's stock valued at $51,616,000 after buying an additional 1,348,899 shares during the period. Hotchkis & Wiley Capital Management LLC bought a new stake in shares of Kodiak Gas Services during the third quarter worth $9,741,000. Finally, HITE Hedge Asset Management LLC raised its holdings in shares of Kodiak Gas Services by 74.8% during the second quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company's stock worth $21,279,000 after acquiring an additional 334,086 shares during the period. 24.95% of the stock is owned by institutional investors and hedge funds.

Kodiak Gas Services Stock Up 0.6 %

Shares of NYSE:KGS traded up $0.30 during midday trading on Monday, hitting $47.35. The stock had a trading volume of 1,127,658 shares, compared to its average volume of 859,327. The company has a market cap of $4.15 billion, a P/E ratio of 163.28 and a beta of 1.15. Kodiak Gas Services, Inc. has a 12 month low of $21.18 and a 12 month high of $47.73. The business's 50-day simple moving average is $40.83 and its 200-day simple moving average is $33.06. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on KGS. JPMorgan Chase & Co. upped their target price on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a "neutral" rating in a research note on Friday, November 29th. Barclays upped their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Monday, January 13th. Mizuho assumed coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $36.00 target price on the stock. Citigroup upped their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a "buy" rating in a research report on Tuesday, January 14th. Finally, The Goldman Sachs Group raised their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a "buy" rating in a research note on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $39.36.

Insider Activity

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the company's stock in a transaction that occurred 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.18% of the company's stock.

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.