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 the business’s 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 directly 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $47.72 on Thursday. The firm has a fifty day simple moving average of $43.33 and a 200 day simple moving average of $34.85. Kodiak Gas Services, Inc. has a 12 month low of $22.98 and a 12 month high of $50.43. 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 stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 164.54 and a beta of 1.18.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 14th will be issued a dividend of $0.41 per share. The ex-dividend date is Friday, February 14th. This represents a $1.64 annualized dividend and a yield of 3.44%. Kodiak Gas Services’s payout ratio is presently 565.54%.

Analyst Ratings Changes

Several research firms have weighed in on KGS. The Goldman Sachs Group boosted their target price on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Mizuho boosted their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the company an “outperform” rating in a research report on Monday. JPMorgan Chase & Co. increased their target price on Kodiak Gas Services from $34.00 to $42.00 and gave the stock a “neutral” rating in a research note on Friday, November 29th. Barclays lifted their price target on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. Finally, Citigroup increased their price objective on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Kodiak Gas Services currently has a consensus rating of “Moderate Buy” and an average target price of $41.09.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. bought a new stake in shares of Kodiak Gas Services during the 3rd quarter worth approximately $2,974,000. Principal Financial Group Inc. bought a new stake in Kodiak Gas Services during the third quarter worth $610,000. Chesapeake Capital Corp IL acquired a new stake in Kodiak Gas Services in the third quarter valued at $603,000. Tidal Investments LLC bought a new position in shares of Kodiak Gas Services in the 3rd quarter valued at about $598,000. Finally, Barclays PLC increased its stake in shares of Kodiak Gas Services by 209.3% during the 3rd quarter. Barclays PLC now owns 42,350 shares of the company’s stock worth $1,228,000 after purchasing an additional 28,658 shares during the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

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.