Walleye Capital LLC reduced its stake in Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 59.9% during the third quarter, according to its most recent filing with the SEC. The fund owned 51,228 shares of the company's stock after selling 76,365 shares during the quarter. Walleye Capital LLC owned 0.06% of Kodiak Gas Services worth $1,486,000 at the end of the most recent quarter.
Several other institutional investors also recently added to or reduced their stakes in KGS. Security National Bank bought a new stake in shares of Kodiak Gas Services in the second quarter valued at $39,000. HWG Holdings LP bought a new stake in Kodiak Gas Services in the 2nd quarter valued at about $40,000. nVerses Capital LLC lifted its holdings in Kodiak Gas Services by 90.9% during 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 last quarter. SG Americas Securities LLC bought a new position in Kodiak Gas Services during the third quarter worth about $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Kodiak Gas Services by 115.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company's stock worth $155,000 after purchasing an additional 3,045 shares in the last quarter. Institutional investors own 24.95% of the company's stock.
Kodiak Gas Services Stock Up 2.7 %
Shares of NYSE KGS traded up $1.10 during mid-day trading on Thursday, hitting $41.80. 222,206 shares of the stock traded hands, compared to its average volume of 540,040. The stock has a fifty day moving average price of $34.09 and a 200-day moving average price of $29.60. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The company has a market cap of $3.66 billion, a price-to-earnings ratio of 141.73 and a beta of 1.14. Kodiak Gas Services, Inc. has a 52 week low of $17.52 and a 52 week high of $41.90.
Kodiak Gas Services Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were paid a $0.41 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.92%. Kodiak Gas Services's payout ratio is 565.54%.
Insider Activity at Kodiak Gas Services
In other Kodiak Gas Services 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 sale, the insider now directly owns 31,745 shares in the company, valued at approximately $1,284,085.25. This trade represents a 8.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
KGS has been the topic of a number of analyst reports. The Goldman Sachs Group boosted their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Barclays boosted their price target on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research note on Monday, October 7th. JPMorgan Chase & Co. raised their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the company a "neutral" rating in a report on Friday, November 29th. Stifel Nicolaus upped their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a "buy" rating in a research note on Wednesday, August 14th. Finally, Redburn Atlantic assumed coverage on shares of Kodiak Gas Services in a research note on Thursday, September 19th. They set a "buy" rating and a $35.00 price target on the stock. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $37.09.
View Our Latest Stock Analysis on KGS
Kodiak Gas Services Profile
(
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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