Mutual Advisors LLC cut its position in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 28.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,252 shares of the company's stock after selling 9,594 shares during the period. Mutual Advisors LLC's holdings in Kodiak Gas Services were worth $990,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the business. Hsbc Holdings PLC bought a new stake in shares of Kodiak Gas Services during the second quarter valued at approximately $208,000. Canada Pension Plan Investment Board acquired a new position in Kodiak Gas Services during the 2nd quarter valued at about $1,393,000. Pacer Advisors Inc. boosted its stake in shares of Kodiak Gas Services by 7.6% in the 2nd quarter. Pacer Advisors Inc. now owns 39,944 shares of the company's stock valued at $1,089,000 after purchasing an additional 2,816 shares during the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of Kodiak Gas Services during the 2nd quarter worth approximately $1,171,000. Finally, Marshall Wace LLP bought a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at $1,567,000. 24.95% of the stock is owned by institutional investors and hedge funds.
Kodiak Gas Services Stock Up 1.7 %
Shares of Kodiak Gas Services stock traded up $0.82 on Friday, hitting $49.62. The company had a trading volume of 882,232 shares, compared to its average volume of 722,476. The stock has a 50 day moving average of $42.09 and a 200-day moving average of $33.83. Kodiak Gas Services, Inc. has a 1 year low of $22.58 and a 1 year high of $49.72. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 171.10 and a beta of 1.15. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27.
Analyst Upgrades and Downgrades
Several brokerages have commented on KGS. The Goldman Sachs Group upped their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lifted their price target on Kodiak Gas Services from $34.00 to $42.00 and gave the company a "neutral" rating in a research note on Friday, November 29th. Raymond James upped their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Citigroup raised their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a report on Tuesday, January 14th. Finally, Truist Financial boosted their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $39.36.
Read Our Latest Report on KGS
Insider Buying and Selling at Kodiak Gas Services
In other news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction 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 completion of the transaction, the insider now owns 31,745 shares in the company, valued at approximately $1,284,085.25. This represents a 8.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company's stock.
About Kodiak Gas Services
(
Free Report)
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.
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