Fmr LLC boosted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS – Free Report) by 444.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,889,804 shares of the company’s stock after purchasing an additional 3,991,630 shares during the period. Fmr LLC owned 0.06% of Kodiak Gas Services worth $141,804,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. HITE Hedge Asset Management LLC increased its stake in shares of Kodiak Gas Services by 74.8% in the second quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company’s stock valued at $21,279,000 after buying an additional 334,086 shares in the last quarter. American Century Companies Inc. increased its position in Kodiak Gas Services by 63.2% in the 2nd quarter. American Century Companies Inc. now owns 575,371 shares of the company’s stock valued at $15,685,000 after acquiring an additional 222,830 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Kodiak Gas Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 542,281 shares of the company’s stock worth $14,783,000 after acquiring an additional 7,640 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Kodiak Gas Services by 17.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 198,410 shares of the company’s stock worth $5,754,000 after purchasing an additional 29,611 shares in the last quarter. Finally, Pier Capital LLC bought a new stake in shares of Kodiak Gas Services during the second quarter valued at approximately $4,558,000. Institutional investors own 24.95% of the company’s stock.
Insider Transactions at Kodiak Gas Services
In other news, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction dated 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 owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.18% of the company’s stock.
Kodiak Gas Services Stock Performance
Kodiak Gas Services Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a $0.41 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 4.05%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 565.54%.
Analysts Set New Price Targets
Several research firms recently weighed in on KGS. The Goldman Sachs Group boosted their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Barclays upped their price target on Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, October 7th. Mizuho initiated coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price objective for the company. Bank of America began coverage on shares of Kodiak Gas Services in a research report on Wednesday, September 18th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Truist Financial raised their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, Kodiak Gas Services has a consensus rating of “Moderate Buy” and a consensus target price of $37.09.
Read Our Latest Stock Analysis on KGS
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.
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