Kayne Anderson Capital Advisors LP Purchases 40,802 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Kayne Anderson Capital Advisors LP increased its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 77.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,483 shares of the company's stock after acquiring an additional 40,802 shares during the quarter. Kayne Anderson Capital Advisors LP owned about 0.11% of Kodiak Gas Services worth $2,711,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Chesapeake Capital Corp IL bought a new stake in shares of Kodiak Gas Services during the 3rd quarter valued at $603,000. TSA Wealth Managment LLC increased its holdings in Kodiak Gas Services by 30.9% in the third quarter. TSA Wealth Managment LLC now owns 84,550 shares of the company's stock valued at $2,452,000 after purchasing an additional 19,974 shares during the last quarter. Royce & Associates LP bought a new stake in Kodiak Gas Services in the third quarter valued at about $3,770,000. Victory Capital Management Inc. acquired a new position in Kodiak Gas Services in the third quarter valued at about $2,974,000. Finally, Principal Financial Group Inc. bought a new position in Kodiak Gas Services during the third quarter worth about $610,000. Institutional investors own 24.95% of the company's stock.

Analysts Set New Price Targets

KGS has been the topic of a number of analyst reports. Stifel Nicolaus increased their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the company a "buy" rating in a research report on Wednesday, August 14th. Mizuho began coverage on shares of Kodiak Gas Services in a report on Wednesday, October 2nd. They issued an "outperform" rating and a $36.00 target price on the stock. Raymond James upped their price objective on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. Truist Financial lifted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Finally, Citigroup initiated coverage on Kodiak Gas Services in a report on Friday, September 27th. They issued a "buy" rating and a $35.00 price target for the company. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.64.

Kodiak Gas Services Stock Up 3.2 %

NYSE:KGS traded up $1.16 on Monday, hitting $37.60. 1,106,257 shares of the company's stock were exchanged, compared to its average volume of 532,548. The firm has a 50-day moving average price of $30.97 and a 200-day moving average price of $28.51. Kodiak Gas Services, Inc. has a 52 week low of $17.50 and a 52 week high of $37.87. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The company has a market cap of $3.29 billion, a P/E ratio of 129.66 and a beta of 0.79.

Kodiak Gas Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a dividend of $0.41 per share. The ex-dividend date was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 4.36%. Kodiak Gas Services's payout ratio is presently 565.52%.

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.