102,557 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. bought a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 102,557 shares of the company’s stock, valued at approximately $2,974,000. Victory Capital Management Inc. owned approximately 0.12% of Kodiak Gas Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Principal Financial Group Inc. purchased a new position in Kodiak Gas Services during the third quarter worth about $610,000. United Advisor Group LLC purchased a new position in Kodiak Gas Services during the third quarter worth about $341,000. HWG Holdings LP grew its position in Kodiak Gas Services by 5,435.7% during the third quarter. HWG Holdings LP now owns 80,932 shares of the company’s stock worth $2,347,000 after buying an additional 79,470 shares in the last quarter. Seven Grand Managers LLC grew its position in Kodiak Gas Services by 300.0% during the third quarter. Seven Grand Managers LLC now owns 140,000 shares of the company’s stock worth $4,060,000 after buying an additional 105,000 shares in the last quarter. Finally, Viking Fund Management LLC purchased a new position in Kodiak Gas Services during the third quarter worth about $1,740,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Kodiak Gas Services Trading Down 1.5 %

Shares of Kodiak Gas Services stock opened at $40.44 on Friday. The firm has a market cap of $3.54 billion, a price-to-earnings ratio of 139.45 and a beta of 0.79. The business has a 50-day moving average price of $32.29 and a 200-day moving average price of $28.92. 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 twelve month low of $17.50 and a twelve month high of $41.25.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services’s payout ratio is 565.54%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Redburn Atlantic assumed coverage on Kodiak Gas Services in a research note on Thursday, September 19th. They set a “buy” rating and a $35.00 price target for the company. Barclays lifted their price target on 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. Mizuho assumed coverage on Kodiak Gas Services in a research note on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price target for the company. Royal Bank of Canada lifted their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Finally, Raymond James lifted their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. 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.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.64.

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.