Kodiak Gas Services, Inc. (NYSE:KGS) Major Shareholder Sells $177,112,157.50 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of Kodiak Gas Services stock in a transaction on 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 completion of the transaction, the insider now owns 34,771,323 shares in the company, valued at approximately $1,651,637,842.50. This trade represents a 9.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Kodiak Gas Services Trading Up 1.2 %

KGS traded up $0.56 during midday trading on Monday, hitting $47.34. The company’s stock had a trading volume of 925,556 shares, compared to its average volume of 1,103,860. The company has a current ratio of 1.27, a quick ratio of 0.93 and a debt-to-equity ratio of 1.86. The firm has a market cap of $4.15 billion, a P/E ratio of 163.23 and a beta of 1.18. The firm has a 50-day moving average price of $42.88 and a two-hundred day moving average price of $34.50. Kodiak Gas Services, Inc. has a 52-week low of $22.64 and a 52-week high of $50.43.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 14th will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.46%. Kodiak Gas Services’s payout ratio is currently 565.54%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on KGS. Barclays lifted their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. Mizuho raised their target price on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a report on Monday. The Goldman Sachs Group raised their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Raymond James raised their target price on Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada lifted their price target on 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 given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.09.

Institutional Trading of Kodiak Gas Services

A number of institutional investors have recently modified their holdings of KGS. GAMMA Investing LLC raised 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 in the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Kodiak Gas Services by 3.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 12,455 shares of the company’s stock valued at $371,000 after purchasing an additional 405 shares during the last quarter. U.S. Capital Wealth Advisors LLC lifted its stake in Kodiak Gas Services by 1.6% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock worth $1,323,000 after acquiring an additional 500 shares in the last quarter. Baker Ellis Asset Management LLC increased its position in 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 purchasing an additional 1,625 shares during the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of Kodiak Gas Services by 14.2% during the 4th quarter. Principal Financial Group Inc. now owns 24,013 shares of the company’s stock valued at $980,000 after acquiring an additional 2,993 shares during the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

About Kodiak Gas Services

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.