New York State Common Retirement Fund Has $3.14 Million Stake in Kodiak Gas Services, Inc. $KGS

New York State Common Retirement Fund raised its stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 395.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 84,838 shares of the company’s stock after purchasing an additional 67,704 shares during the quarter. New York State Common Retirement Fund owned 0.10% of Kodiak Gas Services worth $3,136,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Allworth Financial LP grew its position in Kodiak Gas Services by 1,850.0% during the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after buying an additional 703 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Kodiak Gas Services by 1,501.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares during the period. Amplify Investments LLC grew its holdings in shares of Kodiak Gas Services by 35.7% during the 3rd quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after purchasing an additional 700 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in shares of Kodiak Gas Services by 100.0% during the 3rd quarter. Salem Investment Counselors Inc. now owns 3,000 shares of the company’s stock worth $111,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Kodiak Gas Services during the second quarter valued at approximately $159,000. Institutional investors own 24.95% of the company’s stock.

Kodiak Gas Services Trading Up 5.5%

Shares of KGS stock opened at $49.93 on Friday. The company has a market capitalization of $4.33 billion, a P/E ratio of 62.41 and a beta of 1.31. Kodiak Gas Services, Inc. has a 12-month low of $29.25 and a 12-month high of $50.34. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The firm has a 50-day moving average price of $38.07 and a 200 day moving average price of $35.71.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 20th. Stockholders of record on Friday, February 13th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, February 13th. Kodiak Gas Services’s payout ratio is presently 245.00%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on KGS shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Wall Street Zen downgraded shares of Kodiak Gas Services from a “hold” rating to a “sell” rating in a report on Saturday. Stifel Nicolaus set a $48.00 target price on shares of Kodiak Gas Services in a research report on Thursday, November 6th. Zacks Research cut shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Finally, William Blair began coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They set an “outperform” rating for the company. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Kodiak Gas Services has an average rating of “Moderate Buy” and a consensus price target of $47.00.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.