Verition Fund Management LLC Acquires 17,522 Shares of Kodiak Gas Services, Inc. (NYSE:KGS)

Verition Fund Management LLC raised its holdings in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 80.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,360 shares of the company's stock after acquiring an additional 17,522 shares during the quarter. Verition Fund Management LLC's holdings in Kodiak Gas Services were worth $1,141,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Security National Bank bought a new position in Kodiak Gas Services during the second quarter valued at about $39,000. HWG Holdings LP acquired a new position in Kodiak Gas Services during the second quarter valued at approximately $40,000. nVerses Capital LLC raised its position in shares of Kodiak Gas Services by 90.9% in the second quarter. nVerses Capital LLC now owns 2,100 shares of the company's stock valued at $57,000 after purchasing an additional 1,000 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Kodiak Gas Services in the third quarter worth $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of 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 buying an additional 3,045 shares during the period. 24.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on KGS. 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 research report on Friday, November 8th. Mizuho assumed coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $36.00 price objective for the company. Royal Bank of Canada raised their target price on Kodiak Gas Services from $35.00 to $40.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Bank of America began coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They set a "buy" rating and a $30.00 price target for the company. Finally, Stifel Nicolaus raised their price objective on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $37.09.

Kodiak Gas Services Price Performance

Kodiak Gas Services stock traded down $0.69 during mid-day trading on Friday, hitting $41.17. 645,731 shares of the company were exchanged, compared to its average volume of 773,034. The company has a market capitalization of $3.61 billion, a PE ratio of 141.97 and a beta of 1.14. The business has a fifty day moving average of $34.59 and a 200 day moving average of $29.78. Kodiak Gas Services, Inc. has a 1-year low of $17.52 and a 1-year high of $42.02. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.98%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services's dividend payout ratio is currently 565.54%.

Insider Buying and Selling at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the business'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 owns 31,745 shares of the company's stock, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.18% of the company's stock.

Kodiak Gas Services 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.