Kodiak Gas Services, Inc. (NYSE:KGS) Major Shareholder Sells $177,112,157.50 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total transaction of $177,112,157.50. Following the sale, the insider now directly owns 34,771,323 shares of the company’s stock, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Kodiak Gas Services Stock Up 1.2 %

Shares of KGS stock opened at $47.34 on Tuesday. The firm has a fifty day moving average of $43.03 and a 200-day moving average of $34.63. 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, Inc. has a 12-month low of $22.64 and a 12-month high of $50.43. The company has a market capitalization of $4.15 billion, a price-to-earnings ratio of 163.23 and a beta of 1.18.

Kodiak Gas Services Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 14th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.46%. Kodiak Gas Services’s dividend payout ratio is 565.54%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its holdings in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares during the last quarter. Mendota Financial Group LLC acquired a new position in Kodiak Gas Services during the fourth quarter worth $122,000. SG Americas Securities LLC acquired a new position in Kodiak Gas Services during the third quarter worth $125,000. Hsbc Holdings PLC acquired a new position in Kodiak Gas Services during the second quarter worth $208,000. Finally, Kestra Investment Management LLC acquired a new position in Kodiak Gas Services during the fourth quarter worth $233,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analyst Ratings Changes

KGS has been the subject of several recent analyst reports. Truist Financial upped 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. Mizuho upped their target price on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research note on Monday. Barclays upped their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Royal Bank of Canada upped their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. upped their target price on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. 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.com, Kodiak Gas Services has a consensus rating of “Moderate Buy” and a consensus price target of $41.09.

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.