Kodiak Gas Services, Inc. (NYSE:KGS) Shares Bought by Two Sigma Advisers LP

Two Sigma Advisers LP raised its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 50.3% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 605,100 shares of the company's stock after purchasing an additional 202,400 shares during the quarter. Two Sigma Advisers LP owned approximately 0.69% of Kodiak Gas Services worth $17,548,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. FMR LLC boosted its holdings in shares of Kodiak Gas Services by 444.4% during the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company's stock valued at $141,804,000 after buying an additional 3,991,630 shares in the last quarter. Hotchkis & Wiley Capital Management LLC purchased a new position in Kodiak Gas Services during the 3rd quarter valued at about $9,741,000. HITE Hedge Asset Management LLC boosted its stake 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 acquiring an additional 334,086 shares in the last quarter. Merewether Investment Management LP purchased a new stake in Kodiak Gas Services in the third quarter worth about $7,540,000. Finally, American Century Companies Inc. increased its stake in shares of Kodiak Gas Services by 63.2% during the second quarter. American Century Companies Inc. now owns 575,371 shares of the company's stock valued at $15,685,000 after purchasing an additional 222,830 shares in the last quarter. 24.95% of the stock is currently owned by institutional investors.

Insider Activity at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the company's stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the transaction, the insider now directly owns 31,745 shares of the company's stock, valued at $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 is available at this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Kodiak Gas Services Stock Up 0.9 %

Shares of Kodiak Gas Services stock traded up $0.35 on Monday, reaching $41.52. The stock had a trading volume of 679,916 shares, compared to its average volume of 542,495. Kodiak Gas Services, Inc. has a 1 year low of $17.52 and a 1 year high of $42.43. The company has a 50 day moving average price of $34.59 and a 200 day moving average price of $29.80. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. The stock has a market capitalization of $3.64 billion, a P/E ratio of 144.28 and a beta of 1.13.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 8th. Investors 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 3.95%. Kodiak Gas Services's dividend payout ratio (DPR) is 565.54%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on KGS. Citigroup assumed coverage on shares of Kodiak Gas Services in a report on Friday, September 27th. They issued a "buy" rating and a $35.00 target price for the company. Barclays upped their price objective on Kodiak Gas Services from $29.00 to $32.00 and gave the company an "equal weight" rating in a research report on Monday, October 7th. Stifel Nicolaus lifted their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a "buy" rating in a report on Wednesday, August 14th. Redburn Atlantic assumed coverage on Kodiak Gas Services in a report on Thursday, September 19th. They set a "buy" rating and a $35.00 price target on the stock. Finally, Bank of America started coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They issued a "buy" rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $37.09.

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.