Freestone Grove Partners LP bought a new stake in Kodiak Gas Services, Inc. (NYSE:KGS – Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 209,519 shares of the company’s stock, valued at approximately $15,741,000. Freestone Grove Partners LP owned 0.21% of Kodiak Gas Services as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in shares of Kodiak Gas Services by 67.5% in the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock worth $382,000 after purchasing an additional 4,126 shares during the last quarter. AQR Capital Management LLC grew its stake in Kodiak Gas Services by 64.9% during the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock worth $793,000 after buying an additional 8,369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kodiak Gas Services by 44.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock worth $1,000,000 after buying an additional 8,297 shares during the period. Goldman Sachs Group Inc. increased its position in Kodiak Gas Services by 58.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after buying an additional 730,180 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Kodiak Gas Services by 102.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock valued at $3,548,000 after buying an additional 48,122 shares during the last quarter. 24.95% of the stock is owned by institutional investors.
Kodiak Gas Services Trading Down 0.4%
Shares of KGS stock opened at $60.20 on Friday. Kodiak Gas Services, Inc. has a 1 year low of $32.55 and a 1 year high of $77.68. The firm has a market capitalization of $6.09 billion, a PE ratio of 71.67, a price-to-earnings-growth ratio of 0.87 and a beta of 0.97. The stock has a fifty day moving average of $64.51 and a two-hundred day moving average of $63.00. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45.
Kodiak Gas Services Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.96 annualized dividend and a dividend yield of 3.3%. Kodiak Gas Services’s payout ratio is currently 233.33%.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the stock. Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Wells Fargo & Company started coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price objective on the stock. Citigroup boosted their target price on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Finally, Stifel Nicolaus raised their price target on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $78.89.
Get Our Latest Stock Report on Kodiak Gas Services
Insiders Place Their Bets
In related news, COO William Chad Lenamon sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00. Following the completion of the sale, the chief operating officer directly owned 87,294 shares in the company, valued at approximately $5,917,660.26. This trade represents a 1.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Pedro R. Buhigas sold 4,625 shares of Kodiak Gas Services stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total transaction of $313,482.50. Following the completion of the transaction, the insider owned 38,454 shares in the company, valued at approximately $2,606,412.12. This trade represents a 10.74% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 19,531 shares of company stock worth $1,296,158. Company insiders own 0.64% 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.
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