Geode Capital Management LLC Increases Stake in Kodiak Gas Services, Inc. (NYSE:KGS)

Geode Capital Management LLC increased its holdings in Kodiak Gas Services, Inc. ( NYSE:KGS – Free Report ) by 51.0% in the fourth quarter, Holdings Channel reports.

The fund owned 827,274 shares of the company’s stock after purchasing an additional 279,459 shares during the quarter. Geode Capital Management LLC’s holdings in Kodiak Gas Services were worth $33,786,000 as of its most recent SEC filing. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.



GAMMA Investing LLC lifted 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 worth $29,000 after purchasing an additional 342 shares during the period.

B. Riley Wealth Advisors Inc. raised its stake in Kodiak Gas Services by 3.

4% in the third quarter. B. Riley Wealth Advisors Inc.

now owns 12,455 shares of the company’s stock worth $371,000 after buying an additional 405 shares in the last quarter. U.S.

Capital Wealth Advisors LLC lifted its holdings in Kodiak Gas Services by 1.6% during the fourth 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 during the period. Amalgamated Bank boosted its position in Kodiak Gas Services by 112.

6% during the 4th quarter. Amalgamated Bank now owns 1,110 shares of the company’s stock valued at $45,000 after acquiring an additional 588 shares in the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in shares of Kodiak Gas Services in the 4th quarter valued at $49,000.

24.95% of the stock is currently owned by institutional investors. Insider Buying and Selling In other Kodiak Gas Services news, major shareholder Frontier Topco Partnership, L.

sold 3,728,677 shares of Kodiak Gas Services stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $47.50, for a total transaction of $177,112,157.

50. Following the transaction, the insider now directly owns 34,771,323 shares of the company’s stock, valued at $1,651,637,842.50.

The trade was a 9.68 % 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 .

0.27% of the stock is currently owned by company insiders. Kodiak Gas Services Price Performance Kodiak Gas Services ( NYSE:KGS – Get Free Report ) last announced its quarterly earnings data on Wednesday, March 5th.

The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.

15). Kodiak Gas Services had a net margin of 2.23% and a return on equity of 7.

91%. The business had revenue of $309.52 million for the quarter, compared to analysts’ expectations of $323.

82 million. On average, equities analysts anticipate that Kodiak Gas Services, Inc. will post 1.

12 EPS for the current fiscal year. Kodiak Gas Services Dividend Announcement The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 14th were issued a $0.

41 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.

64 annualized dividend and a dividend yield of 4.84%. Kodiak Gas Services’s dividend payout ratio is presently 277.

97%. Wall Street Analyst Weigh In Several brokerages have recently commented on KGS. Royal Bank of Canada set a $45.

00 price objective on Kodiak Gas Services and gave the company an “outperform” rating in a report on Tuesday, March 11th. Raymond James reiterated an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Mizuho lifted their price target on shares of Kodiak Gas Services from $47.

00 to $55.00 and gave the company an “outperform” rating in a research note on Monday, February 3rd. Citigroup boosted their price target on shares of Kodiak Gas Services from $41.

00 to $48.00 and gave the stock a “buy” rating in a report on Tuesday, January 14th. Finally, Truist Financial increased their price objective on shares of Kodiak Gas Services from $45.

00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, March 11th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock.

According to data from MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and an average target price of $41.45. View Our Latest Analysis on KGS Kodiak Gas Services Company Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding KGS? Visit HoldingsChannel.

com to get the latest 13F filings and insider trades for Kodiak Gas Services, Inc. ( NYSE:KGS – Free Report ). Receive News & Ratings for Kodiak Gas Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kodiak Gas Services and related companies with MarketBeat.

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