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

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 that occurred on Thursday, January 30th. The shares were sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the sale, the insider now owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Kodiak Gas Services Price Performance

Shares of NYSE KGS opened at $46.96 on Wednesday. Kodiak Gas Services, Inc. has a 1-year low of $22.64 and a 1-year high of $50.43. The company has a market cap of $4.11 billion, a price-to-earnings ratio of 161.93 and a beta of 1.18. 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 stock’s 50-day moving average is $43.17 and its two-hundred day moving average is $34.76.

Kodiak Gas Services Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in KGS. GAMMA Investing LLC boosted 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 during the period. Amalgamated Bank grew its stake in shares of Kodiak Gas Services by 112.6% in the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after purchasing an additional 588 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Kodiak Gas Services in the fourth quarter valued at approximately $49,000. Mendota Financial Group LLC purchased a new stake in shares of Kodiak Gas Services in the fourth quarter valued at approximately $122,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Kodiak Gas Services in the third quarter valued at approximately $125,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on KGS shares. The Goldman Sachs Group boosted their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Citigroup boosted their price objective on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research note on Tuesday, January 14th. Royal Bank of Canada upped their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Raymond James upped their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, Mizuho increased their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an “outperform” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and nine have given 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 $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.