Kodiak Gas Services, Inc. (NYSE:KGS) Stock Position Raised by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 17.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 198,410 shares of the company's stock after buying an additional 29,611 shares during the period. Charles Schwab Investment Management Inc. owned 0.23% of Kodiak Gas Services worth $5,754,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Security National Bank acquired a new position in shares of Kodiak Gas Services during the 2nd quarter valued at about $39,000. HWG Holdings LP purchased a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at $40,000. nVerses Capital LLC raised its holdings in shares of Kodiak Gas Services by 90.9% in the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock worth $57,000 after purchasing an additional 1,000 shares during the period. SG Americas Securities LLC acquired a new position in shares of Kodiak Gas Services in the 3rd quarter valued at about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Kodiak Gas Services by 115.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company's stock worth $155,000 after purchasing an additional 3,045 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.

Insiders Place Their Bets

In related news, insider Ewan William Hamilton sold 3,000 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the transaction, the insider now owns 31,745 shares in the company, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.

Kodiak Gas Services Stock Performance

KGS stock traded down $0.37 during mid-day trading on Friday, reaching $41.18. The company had a trading volume of 459,739 shares, compared to its average volume of 554,226. The stock's 50-day simple moving average is $35.59 and its two-hundred day simple moving average is $30.18. The stock has a market capitalization of $3.61 billion, a P/E ratio of 143.94 and a beta of 1.14. 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 one year low of $18.30 and a one year high of $44.20.

Kodiak Gas Services Announces Dividend

The company also recently announced 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. This represents a $1.64 dividend on an annualized basis and a yield of 3.98%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services's payout ratio is 565.54%.

Analyst Ratings Changes

Several research analysts have commented on KGS shares. Redburn Atlantic assumed coverage on Kodiak Gas Services in a research report on Thursday, September 19th. They issued a "buy" rating and a $35.00 price objective on the stock. Mizuho assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $36.00 price objective for the company. Citigroup assumed coverage on shares of 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. Royal Bank of Canada raised their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Finally, Barclays lifted their target price on Kodiak Gas Services from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, October 7th. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, Kodiak Gas Services has a consensus rating of "Moderate Buy" and a consensus price target of $37.09.

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.