JPMorgan Chase & Co. Grows Position in Kodiak Gas Services, Inc. (NYSE:KGS)

JPMorgan Chase & Co. lifted its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 55.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 110,425 shares of the company’s stock after purchasing an additional 39,477 shares during the quarter. JPMorgan Chase & Co. owned about 0.13% of Kodiak Gas Services worth $3,202,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KGS. Principal Financial Group Inc. purchased a new stake in shares of Kodiak Gas Services during the 3rd quarter valued at about $610,000. Victory Capital Management Inc. purchased a new stake in shares of Kodiak Gas Services during the third quarter valued at approximately $2,974,000. Chesapeake Capital Corp IL acquired a new position in shares of Kodiak Gas Services during the third quarter worth $603,000. Barclays PLC boosted its stake in shares of Kodiak Gas Services by 209.3% in the third quarter. Barclays PLC now owns 42,350 shares of the company’s stock valued at $1,228,000 after purchasing an additional 28,658 shares during the period. Finally, Tidal Investments LLC acquired a new stake in Kodiak Gas Services during the 3rd quarter valued at $598,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the business’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 in the company, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.18% of the company’s stock.

Kodiak Gas Services Price Performance

NYSE KGS opened at $47.35 on Monday. The firm has a market capitalization of $4.15 billion, a PE ratio of 163.28 and a beta of 1.15. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. Kodiak Gas Services, Inc. has a 12 month low of $21.18 and a 12 month high of $47.73. The company’s 50 day simple moving average is $40.83 and its 200 day simple moving average is $33.06.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KGS. Barclays upped their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Royal Bank of Canada raised their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Citigroup upped their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price target on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research report on Friday, November 29th. Finally, Raymond James upped their price target on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, November 8th. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.36.

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.