Mutual Advisors LLC Reduces Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Mutual Advisors LLC reduced its stake in Kodiak Gas Services, Inc. (NYSE:KGS) by 28.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,252 shares of the company’s stock after selling 9,594 shares during the quarter. Mutual Advisors LLC’s holdings in Kodiak Gas Services were worth $990,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in KGS. SG Americas Securities LLC boosted its stake in shares of Kodiak Gas Services by 305.7% during the 4th quarter. SG Americas Securities LLC now owns 17,515 shares of the company’s stock worth $715,000 after purchasing an additional 13,198 shares during the last quarter. Baker Ellis Asset Management LLC boosted its position in Kodiak Gas Services by 1.4% during the fourth quarter. Baker Ellis Asset Management LLC now owns 121,726 shares of the company’s stock worth $4,970,000 after acquiring an additional 1,625 shares during the last quarter. Viking Fund Management LLC grew its stake in Kodiak Gas Services by 16.7% in the 4th quarter. Viking Fund Management LLC now owns 70,000 shares of the company’s stock worth $2,858,000 after acquiring an additional 10,000 shares during the period. Sheets Smith Wealth Management acquired a new position in Kodiak Gas Services in the 4th quarter valued at $563,000. Finally, Mendota Financial Group LLC purchased a new position in shares of Kodiak Gas Services during the 4th quarter worth $122,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Insider Activity

In related news, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the sale, the insider now owns 31,745 shares of the company’s stock, valued at $1,284,085.25. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on KGS shares. Mizuho assumed coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price objective for the company. JPMorgan Chase & Co. upped their price objective on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Truist Financial raised their target price 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 upped their price target on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Finally, Royal Bank of Canada increased their price target on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Two 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, the company presently has an average rating of “Moderate Buy” and an average price target of $39.36.

Kodiak Gas Services Stock Up 1.7 %

Shares of NYSE KGS opened at $49.62 on Friday. The stock has a fifty day moving average price of $42.09 and a 200 day moving average price of $33.78. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 12-month low of $22.58 and a 12-month high of $49.72. The company has a market cap of $4.35 billion, a P/E ratio of 171.10 and a beta of 1.15.

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.