Kodiak Gas Services, Inc. (NYSE:KGS) Position Boosted by TSA Wealth Managment LLC

TSA Wealth Managment LLC lifted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 30.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 84,550 shares of the company's stock after buying an additional 19,974 shares during the period. Kodiak Gas Services accounts for approximately 1.0% of TSA Wealth Managment LLC's portfolio, making the stock its 20th largest holding. TSA Wealth Managment LLC owned approximately 0.10% of Kodiak Gas Services worth $2,452,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Blackstone Inc. grew its holdings in Kodiak Gas Services by 1,358.3% in the 1st quarter. Blackstone Inc. now owns 644,231 shares of the company's stock valued at $17,613,000 after buying an additional 600,055 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in Kodiak Gas Services in the first quarter valued at approximately $11,544,000. HITE Hedge Asset Management LLC increased its position in Kodiak Gas Services by 74.8% during the second quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company's stock worth $21,279,000 after purchasing an additional 334,086 shares during the last quarter. American Century Companies Inc. raised its stake in Kodiak Gas Services by 63.2% during the second quarter. American Century Companies Inc. now owns 575,371 shares of the company's stock worth $15,685,000 after purchasing an additional 222,830 shares during the period. Finally, Pier Capital LLC acquired a new position in shares of Kodiak Gas Services in the 2nd quarter valued at $4,558,000. Institutional investors and hedge funds own 24.95% of the company's stock.

Kodiak Gas Services Stock Up 1.8 %

KGS stock traded up $0.64 during trading on Friday, reaching $36.44. The stock had a trading volume of 2,384,005 shares, compared to its average volume of 529,964. 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 firm has a fifty day moving average price of $30.97 and a 200 day moving average price of $28.50. The company has a market capitalization of $3.19 billion, a P/E ratio of 125.66 and a beta of 0.79. Kodiak Gas Services, Inc. has a 1-year low of $17.50 and a 1-year high of $36.99.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Friday, November 1st. Kodiak Gas Services's dividend payout ratio is currently 565.54%.

Analyst Upgrades and Downgrades

KGS has been the topic of several research reports. Stifel Nicolaus increased their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a "buy" rating in a research report on Wednesday, August 14th. Mizuho assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 target price for the company. Royal Bank of Canada lifted their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a research report on Monday, November 11th. 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. Finally, Citigroup began coverage on shares of Kodiak Gas Services in a report on Friday, September 27th. They set a "buy" rating and a $35.00 target price on the stock. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $34.64.

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.