Kayne Anderson Capital Advisors LP Has $2.71 Million Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Kayne Anderson Capital Advisors LP increased its holdings in Kodiak Gas Services, Inc. (NYSE:KGS) by 77.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,483 shares of the company’s stock after acquiring an additional 40,802 shares during the period. Kayne Anderson Capital Advisors LP owned about 0.11% of Kodiak Gas Services worth $2,711,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. U.S. Capital Wealth Advisors LLC acquired a new position in shares of Kodiak Gas Services during the 2nd quarter worth $913,000. Public Employees Retirement System of Ohio acquired a new position in Kodiak Gas Services during the first quarter worth $1,046,000. Jacobs Levy Equity Management Inc. acquired a new position in Kodiak Gas Services during the first quarter worth $11,544,000. HWG Holdings LP raised its holdings in Kodiak Gas Services by 5,435.7% during the third quarter. HWG Holdings LP now owns 80,932 shares of the company’s stock valued at $2,347,000 after buying an additional 79,470 shares in the last quarter. Finally, Chesapeake Capital Corp IL acquired a new stake in shares of Kodiak Gas Services in the third quarter worth about $603,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Kodiak Gas Services Trading Up 1.8 %

Shares of NYSE KGS opened at $36.44 on Monday. The stock has a market cap of $3.19 billion, a P/E ratio of 125.66 and a beta of 0.79. Kodiak Gas Services, Inc. has a 52-week low of $17.50 and a 52-week high of $36.99. The firm has a 50 day moving average price of $30.97 and a two-hundred day moving average price of $28.51. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.50%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 565.54%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KGS. Barclays raised their price target on Kodiak Gas Services from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday, October 7th. Bank of America assumed coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 target price on the stock. Mizuho assumed coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price objective for the company. Citigroup began coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They issued a “buy” rating and a $35.00 price objective on the stock. Finally, Truist Financial upped their target price on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.64.

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.