Kodiak Gas Services, Inc. (NYSE:KGS) Major Shareholder Frontier Topco Partnership, L. Sells 3,728,677 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the business’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the sale, the insider now owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. The trade was a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Kodiak Gas Services Trading Down 0.8 %

Shares of KGS opened at $46.96 on Wednesday. The company has a market capitalization of $4.11 billion, a P/E ratio of 161.93 and a beta of 1.18. Kodiak Gas Services, Inc. has a one year low of $22.64 and a one year high of $50.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The stock has a 50-day moving average price of $43.17 and a 200 day moving average price of $34.76.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Friday, February 14th. Kodiak Gas Services’s payout ratio is currently 565.54%.

Institutional Trading of Kodiak Gas Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in Kodiak Gas Services by 444.4% during the third quarter. FMR LLC now owns 4,889,804 shares of the company’s stock valued at $141,804,000 after buying an additional 3,991,630 shares in the last quarter. Zimmer Partners LP raised its stake in Kodiak Gas Services by 313.0% during the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock valued at $51,616,000 after buying an additional 1,348,899 shares in the last quarter. Wellington Management Group LLP acquired a new stake in Kodiak Gas Services during the third quarter valued at approximately $44,558,000. State Street Corp raised its stake in Kodiak Gas Services by 8.7% during the third quarter. State Street Corp now owns 678,925 shares of the company’s stock valued at $19,689,000 after buying an additional 54,202 shares in the last quarter. Finally, Augustine Asset Management Inc. raised its stake in Kodiak Gas Services by 1,761.2% during the fourth quarter. Augustine Asset Management Inc. now owns 640,244 shares of the company’s stock valued at $26,141,000 after buying an additional 605,844 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Truist Financial boosted their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Royal Bank of Canada boosted their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Citigroup boosted their price target 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. The Goldman Sachs Group boosted their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, Raymond James boosted their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Kodiak Gas Services presently has an average rating of “Moderate Buy” and an average price target of $41.09.

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.