1 week Ago By Defense World Staff
Norges Bank acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 18,763 shares of the company’s stock, valued at approximately $766,000.
Several other hedge funds have also recently bought and sold shares of KGS. Sheets Smith Investment Management acquired a new position in Kodiak Gas Services in the 4th quarter valued at about $1,326,000. Corebridge Financial Inc.
grew its holdings in shares of Kodiak Gas Services by 50.2% in the fourth quarter. Corebridge Financial Inc.
now owns 16,186 shares of the company’s stock valued at $661,000 after purchasing an additional 5,409 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Kodiak Gas Services by 52.
3% in the fourth quarter. Vanguard Group Inc. now owns 2,659,015 shares of the company’s stock valued at $108,568,000 after purchasing an additional 913,104 shares in the last quarter.
Fox Run Management L.L.C.
purchased a new stake in Kodiak Gas Services during the 4th quarter worth approximately $803,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Kodiak Gas Services during the 4th quarter worth approximately $233,000. Institutional investors and hedge funds own 24.
95% of the company’s stock. Insider Transactions at Kodiak Gas ServicesIn related news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the stock in a transaction dated 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 sale, the insider now directly owns 34,771,323 shares of the company’s stock, valued at approximately $1,651,637,842.50. This represents a 9.
68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.
27% of the company’s stock. Analyst Ratings ChangesA number of research firms have recently weighed in 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 research note on Tuesday, March 11th. Barclays lowered their target price on shares of Kodiak Gas Services from $44.00 to $41.
00 and set an “equal weight” rating for the company in a research note on Friday, March 21st. Citigroup raised their price target on Kodiak Gas Services from $41.00 to $48.
00 and gave the company a “buy” rating in a research note on Tuesday, January 14th. Raymond James reissued an “outperform” rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Finally, Mizuho boosted their price objective on shares of Kodiak Gas Services from $47.
00 to $55.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock.
According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.91.Read Our Latest Stock Report on KGSKodiak Gas Services Stock Up 0.
8 %Kodiak Gas Services stock opened at $32.46 on Friday. The stock’s 50 day moving average price is $39.
12 and its 200 day moving average price is $38.74. The company has a market cap of $2.
88 billion, a PE ratio of 111.95 and a beta of 1.52.
The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.
93. Kodiak Gas Services, Inc. has a 1-year low of $24.
84 and a 1-year high of $50.43. Kodiak Gas Services (NYSE:KGS – Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th.
The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.
15). Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.
23%. The company had revenue of $309.52 million for the quarter, compared to analyst estimates of $323.
82 million. On average, sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.
12 EPS for the current fiscal year. Kodiak Gas Services Announces DividendThe business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 14th were given a dividend of $0.
41 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.
64 dividend on an annualized basis and a dividend yield of 5.05%. Kodiak Gas Services’s payout ratio is 277.
97%. About Kodiak Gas Services (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.Featured StoriesFive stocks we like better than Kodiak Gas ServicesHow to Plot Fibonacci Price Inflection Levels Robinhood Strategies Could Be a Game-Changer for Young InvestorsHow to start investing in penny stocksAre These 3 Retail Stocks Oversold or Really in Trouble?Want to Profit on the Downtrend? Downtrends, Explained.IONQ & RGTI Join DARPA Quantum Initiative: High Stakes Are AheadWant 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)..
