Rhumbline Advisers Acquires 15,285 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Rhumbline Advisers boosted its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 53.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 44,042 shares of the company's stock after buying an additional 15,285 shares during the quarter. Rhumbline Advisers owned approximately 0.05% of Kodiak Gas Services worth $1,798,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in KGS. GAMMA Investing LLC boosted its position in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company's stock valued at $29,000 after acquiring an additional 342 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its position in shares of Kodiak Gas Services by 3.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company's stock valued at $371,000 after purchasing an additional 405 shares in the last quarter. U.S. Capital Wealth Advisors LLC boosted its position in shares of Kodiak Gas Services by 1.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company's stock valued at $1,323,000 after purchasing an additional 500 shares in the last quarter. Baker Ellis Asset Management LLC grew its stake 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 worth $4,970,000 after purchasing an additional 1,625 shares during the period. Finally, Mendota Financial Group LLC bought a new stake in Kodiak Gas Services in the fourth quarter worth approximately $122,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

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Insider Buying and Selling

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm's stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the completion of the sale, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on KGS shares. JPMorgan Chase & Co. increased 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. Raymond James increased their price objective on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Truist Financial boosted their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Mizuho increased their price target on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Finally, The Goldman Sachs Group raised their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the company 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 given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.09.

Kodiak Gas Services Stock Down 1.4 %

Kodiak Gas Services stock traded down $0.48 during trading on Friday, hitting $34.01. 2,732,798 shares of the company were exchanged, compared to its average volume of 1,155,432. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The business's 50 day moving average is $44.31 and its 200 day moving average is $37.17. Kodiak Gas Services, Inc. has a 52 week low of $24.83 and a 52 week high of $50.43. The company has a market capitalization of $2.98 billion, a P/E ratio of 117.26 and a beta of 1.30.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last posted its earnings results on Wednesday, March 5th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.15). The firm had revenue of $309.52 million during the quarter, compared to the consensus estimate of $323.82 million. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. Analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date was Friday, February 14th. Kodiak Gas Services's payout ratio is 565.52%.

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.