Mutual Advisors LLC Takes Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Mutual Advisors LLC purchased a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 28,231 shares of the company’s stock, valued at approximately $567,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ion Asset Management Ltd. bought a new stake in shares of Kodiak Gas Services during the second quarter valued at approximately $25,984,000. Citadel Advisors LLC bought a new stake in shares of Kodiak Gas Services during the second quarter valued at approximately $23,706,000. Zimmer Partners LP bought a new stake in shares of Kodiak Gas Services during the second quarter valued at approximately $21,112,000. Goldman Sachs Group Inc. bought a new stake in shares of Kodiak Gas Services during the second quarter valued at approximately $18,359,000. Finally, Encompass Capital Advisors LLC bought a new stake in shares of Kodiak Gas Services during the second quarter valued at approximately $17,864,000. Institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Kodiak Gas Services from $27.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, March 21st. Raymond James boosted their price objective on shares of Kodiak Gas Services from $23.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 30th. Finally, Truist Financial reduced their price objective on shares of Kodiak Gas Services from $25.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Kodiak Gas Services has an average rating of “Moderate Buy” and an average target price of $24.14.

Kodiak Gas Services Price Performance

NYSE KGS opened at $26.43 on Thursday. The firm’s fifty day simple moving average is $24.75 and its two-hundred day simple moving average is $20.62. The company has a quick ratio of 0.73, a current ratio of 1.10 and a debt-to-equity ratio of 1.57. Kodiak Gas Services, Inc. has a 12-month low of $15.05 and a 12-month high of $29.00.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 16th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 5.75%. The ex-dividend date was Thursday, February 15th.

Insiders Place Their Bets

In other news, Director Margaret C. Montana purchased 2,000 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were acquired at an average cost of $25.25 per share, with a total value of $50,500.00. Following the completion of the acquisition, the director now owns 16,375 shares of the company’s stock, valued at $413,468.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

About Kodiak Gas Services

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.