24,436 Shares in Kodiak Gas Services, Inc. (NYSE:KGS) Acquired by Entropy Technologies LP

Entropy Technologies LP bought a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 24,436 shares of the company’s stock, valued at approximately $998,000.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its holdings in shares of Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock valued at $29,000 after purchasing an additional 342 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in Kodiak Gas Services by 3.4% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock valued at $371,000 after buying an additional 405 shares during the period. U.S. Capital Wealth Advisors LLC raised its position in shares of Kodiak Gas Services by 1.6% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock worth $1,323,000 after buying an additional 500 shares in the last quarter. Baker Ellis Asset Management LLC lifted its stake in shares of Kodiak Gas Services by 1.4% in the 4th 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 period. Finally, Mendota Financial Group LLC bought a new position in shares of Kodiak Gas Services in the fourth quarter valued at approximately $122,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Insider Transactions at Kodiak Gas Services

In related news, insider Ewan William Hamilton sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the sale, the insider now owns 31,745 shares of the company’s stock, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction that occurred 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 completion of the transaction, the insider now owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on KGS. Barclays boosted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Royal Bank of Canada upped their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Raymond James lifted their target price on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Mizuho upped their price target on shares of Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, Citigroup raised their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus target price of $41.09.

Kodiak Gas Services Stock Up 2.0 %

KGS stock opened at $46.16 on Tuesday. The company’s 50 day simple moving average is $43.68 and its 200-day simple moving average is $35.28. Kodiak Gas Services, Inc. has a 52-week low of $23.54 and a 52-week high of $50.43. 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 firm has a market capitalization of $4.04 billion, a P/E ratio of 159.19 and a beta of 1.18.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 14th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.55%. The ex-dividend date is Friday, February 14th. Kodiak Gas Services’s payout ratio is 565.52%.

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.