Kodiak Gas Services, Inc. (NYSE:KGS) Shares Bought by Viking Fund Management LLC

Viking Fund Management LLC increased its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 16.7% during the 4th quarter, HoldingsChannel reports. The fund owned 70,000 shares of the company’s stock after acquiring an additional 10,000 shares during the quarter. Viking Fund Management LLC’s holdings in Kodiak Gas Services were worth $2,858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KGS. GAMMA Investing LLC raised its position in shares of Kodiak Gas Services by 94.7% in the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after purchasing an additional 342 shares in the last quarter. HWG Holdings LP bought a new stake in shares of Kodiak Gas Services in the second quarter worth $40,000. Mendota Financial Group LLC acquired a new stake in Kodiak Gas Services in the fourth quarter valued at $122,000. SG Americas Securities LLC bought a new position in Kodiak Gas Services during the 3rd quarter valued at $125,000. Finally, Hsbc Holdings PLC bought a new stake in shares of Kodiak Gas Services in the 2nd quarter worth about $208,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Insider Transactions at Kodiak Gas Services

In other news, insider Ewan William Hamilton sold 3,000 shares of the firm’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 transaction, the insider now directly owns 31,745 shares of the company’s stock, valued at approximately $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on KGS shares. Truist Financial increased their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup increased their target price on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. 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 report on Monday, November 11th. Barclays raised their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Finally, The Goldman Sachs Group boosted their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $39.36.

Kodiak Gas Services Trading Up 3.4 %

Kodiak Gas Services stock opened at $48.98 on Wednesday. The firm has a 50-day moving average price of $41.31 and a two-hundred day moving average price of $33.35. Kodiak Gas Services, Inc. has a 52-week low of $21.55 and a 52-week high of $49.00. The firm has a market capitalization of $4.29 billion, a price-to-earnings ratio of 168.90 and a beta of 1.15. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86.

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.