Stifel Financial Corp Acquires Shares of 14,648 Kodiak Gas Services, Inc. (NYSE:KGS)

Stifel Financial Corp acquired a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 14,648 shares of the company’s stock, valued at approximately $425,000.

Several other institutional investors have also recently made changes to their positions in the company. HWG Holdings LP purchased a new position in Kodiak Gas Services during the second quarter worth about $40,000. nVerses Capital LLC lifted its position in shares of Kodiak Gas Services by 90.9% during the 2nd quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock worth $57,000 after buying an additional 1,000 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Kodiak Gas Services in the 3rd quarter worth approximately $125,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Kodiak Gas Services by 115.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock valued at $155,000 after acquiring an additional 3,045 shares in the last quarter. Finally, UMB Bank n.a. purchased a new stake in shares of Kodiak Gas Services during the second quarter valued at approximately $174,000. Institutional investors own 24.95% of the company’s stock.

Insider Transactions at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the sale, the insider now owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.18% of the company’s stock.

Kodiak Gas Services Trading Down 1.1 %

Kodiak Gas Services stock opened at $40.45 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. Kodiak Gas Services, Inc. has a fifty-two week low of $19.88 and a fifty-two week high of $44.20. The stock has a market cap of $3.54 billion, a P/E ratio of 139.49 and a beta of 1.14. The firm’s fifty day moving average price is $37.30 and its 200-day moving average price is $31.14.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a $0.41 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.05%. Kodiak Gas Services’s dividend payout ratio is presently 565.52%.

Wall Street Analyst Weigh In

KGS has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Bank of America began coverage on shares of Kodiak Gas Services in a report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 price target on the stock. The Goldman Sachs Group raised their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Royal Bank of Canada lifted their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Finally, Citigroup initiated coverage on shares of Kodiak Gas Services in a research report on Friday, September 27th. They set a “buy” rating and a $35.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus target price of $37.09.

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.