Mendota Financial Group LLC Purchases New Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Mendota Financial Group LLC purchased a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,998 shares of the company’s stock, valued at approximately $122,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rhumbline Advisers increased its position in Kodiak Gas Services by 36.4% during the 2nd quarter. Rhumbline Advisers now owns 29,943 shares of the company’s stock worth $816,000 after purchasing an additional 7,995 shares during the period. Arizona State Retirement System acquired a new position in Kodiak Gas Services during the second quarter worth $205,000. American Century Companies Inc. raised its position in Kodiak Gas Services by 63.2% in the second quarter. American Century Companies Inc. now owns 575,371 shares of the company’s stock worth $15,685,000 after acquiring an additional 222,830 shares in the last quarter. Federated Hermes Inc. lifted its holdings in Kodiak Gas Services by 20.4% in the second quarter. Federated Hermes Inc. now owns 94,752 shares of the company’s stock valued at $2,583,000 after acquiring an additional 16,085 shares during the period. Finally, Mercer Global Advisors Inc. ADV boosted its position in shares of Kodiak Gas Services by 189.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 76,268 shares of the company’s stock worth $2,079,000 after purchasing an additional 49,962 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Raymond James increased 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. Bank of America began coverage on Kodiak Gas Services in a research report on Wednesday, September 18th. They set a “buy” rating and a $30.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research report on Friday, November 29th. Citigroup started coverage on Kodiak Gas Services in a research report on Friday, September 27th. They set a “buy” rating and a $35.00 price objective for the company. Finally, Redburn Atlantic initiated coverage on shares of Kodiak Gas Services in a report on Thursday, September 19th. They issued a “buy” rating and a $35.00 target price on the stock. 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, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.18.

Kodiak Gas Services Trading Up 1.7 %

NYSE KGS opened at $42.72 on Tuesday. The company has a market cap of $3.74 billion, a P/E ratio of 147.32 and a beta of 1.15. Kodiak Gas Services, Inc. has a 12 month low of $20.84 and a 12 month high of $44.43. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93. The company has a 50-day moving average of $39.84 and a 200-day moving average of $32.52.

Kodiak Gas Services Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.84%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio (DPR) is 565.52%.

Insiders Place Their Bets

In other news, insider Ewan William Hamilton sold 3,000 shares of the company’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the sale, the insider now directly owns 31,745 shares in the company, valued at $1,284,085.25. This represents a 8.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.18% of the stock is currently owned by insiders.

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.