Kodiak Gas Services, Inc. (NYSE:KGS) Shares Bought by Fmr LLC

FMR LLC boosted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 444.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 4,889,804 shares of the company's stock after acquiring an additional 3,991,630 shares during the quarter. FMR LLC owned about 5.58% of Kodiak Gas Services worth $141,804,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Security National Bank acquired a new stake in Kodiak Gas Services during the 2nd quarter worth about $39,000. HWG Holdings LP acquired a new stake in Kodiak Gas Services during the 2nd quarter worth about $40,000. nVerses Capital LLC lifted its position in Kodiak Gas Services by 90.9% during the 2nd 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 stake in Kodiak Gas Services during the 3rd quarter worth about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in 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 acquiring an additional 3,045 shares during the period. Institutional investors and hedge funds own 24.95% of the company's stock.

Insider Transactions at Kodiak Gas Services

In other news, insider Ewan William Hamilton sold 3,000 shares of the business'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 transaction of $121,350.00. Following the transaction, the insider now directly owns 31,745 shares in the company, valued at $1,284,085.25. The trade was a 8.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on KGS. Royal Bank of Canada lifted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, November 11th. Truist Financial lifted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Citigroup began coverage on Kodiak Gas Services in a research note on Friday, September 27th. They set a "buy" rating and a $35.00 price objective for the company. Raymond James lifted their price objective on Kodiak Gas Services from $35.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, The Goldman Sachs Group lifted 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 research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Kodiak Gas Services has a consensus rating of "Moderate Buy" and a consensus target price of $37.09.

Kodiak Gas Services Price Performance

NYSE:KGS traded up $0.22 during trading hours on Wednesday, hitting $40.71. 1,019,931 shares of the stock were exchanged, compared to its average volume of 541,455. Kodiak Gas Services, Inc. has a 52-week low of $17.52 and a 52-week high of $41.25. The firm's fifty day moving average price is $34.09 and its 200 day moving average price is $29.60. 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 company has a market cap of $3.57 billion, a P/E ratio of 140.38 and a beta of 1.14.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed 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 4.03%. Kodiak Gas Services's dividend payout ratio (DPR) is currently 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.