Rhumbline Advisers Boosts Stock Position in Kodiak Gas Services, Inc. $KGS

Rhumbline Advisers grew its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 126.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 179,160 shares of the company’s stock after buying an additional 100,194 shares during the quarter. Rhumbline Advisers owned 0.21% of Kodiak Gas Services worth $6,624,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Allworth Financial LP raised its holdings in Kodiak Gas Services by 1,850.0% in the second quarter. Allworth Financial LP now owns 741 shares of the company’s stock valued at $25,000 after acquiring an additional 703 shares in the last quarter. EverSource Wealth Advisors LLC increased 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 purchasing an additional 1,156 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Kodiak Gas Services by 652.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,595 shares of the company’s stock valued at $60,000 after purchasing an additional 1,383 shares in the last quarter. Amplify Investments LLC lifted its position in shares of Kodiak Gas Services by 35.7% during the third quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after purchasing an additional 700 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in shares of Kodiak Gas Services by 100.0% during the third 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 during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analyst Ratings Changes

KGS has been the topic of several research reports. William Blair began coverage on Kodiak Gas Services in a research note on Tuesday, November 18th. They set an “outperform” rating on the stock. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Research cut Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, November 12th. Citigroup lifted their price objective on shares of Kodiak Gas Services from $48.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, February 6th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Eight investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Kodiak Gas Services Trading Up 1.0%

NYSE:KGS opened at $50.50 on Monday. Kodiak Gas Services, Inc. has a 12-month low of $29.25 and a 12-month high of $52.70. The firm has a market capitalization of $4.38 billion, a P/E ratio of 63.12 and a beta of 1.31. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.69. The business has a 50 day simple moving average of $40.94 and a 200 day simple moving average of $37.07.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were issued a dividend of $0.49 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.9%. Kodiak Gas Services’s payout ratio is 245.00%.

Kodiak Gas Services Company 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.