Augustine Asset Management Inc. Grows Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Augustine Asset Management Inc. grew its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 1,761.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 640,244 shares of the company’s stock after acquiring an additional 605,844 shares during the quarter. Kodiak Gas Services accounts for 6.9% of Augustine Asset Management Inc.’s holdings, making the stock its 4th biggest position. Augustine Asset Management Inc. owned approximately 0.73% of Kodiak Gas Services worth $26,141,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Kestra Private Wealth Services LLC grew its holdings in shares of Kodiak Gas Services by 57.7% in the 4th quarter. Kestra Private Wealth Services LLC now owns 18,634 shares of the company’s stock valued at $761,000 after acquiring an additional 6,818 shares in the last quarter. Entropy Technologies LP acquired a new position in Kodiak Gas Services during the fourth quarter valued at approximately $998,000. U.S. Capital Wealth Advisors LLC grew its stake in Kodiak Gas Services by 1.6% in the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 32,400 shares of the company’s stock valued at $1,323,000 after purchasing an additional 500 shares in the last quarter. Exchange Traded Concepts LLC increased its position in shares of Kodiak Gas Services by 36.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 43,452 shares of the company’s stock worth $1,774,000 after purchasing an additional 11,572 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Kodiak Gas Services by 305.7% during the 4th quarter. SG Americas Securities LLC now owns 17,515 shares of the company’s stock worth $715,000 after purchasing an additional 13,198 shares in the last quarter. 24.95% of the stock is owned by institutional investors.

Analysts Set New Price Targets

KGS has been the topic of a number of recent analyst reports. Citigroup boosted their target price 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. 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 note on Monday, February 3rd. Raymond James raised their target price on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Truist Financial boosted their price target on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their price objective on Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.09.

Insider Activity

In other Kodiak Gas Services 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 transaction of $177,112,157.50. Following the sale, the insider now directly owns 34,771,323 shares in the company, valued at $1,651,637,842.50. This represents a 9.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ewan William Hamilton sold 3,000 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $40.45, for a total transaction of $121,350.00. Following the completion of the transaction, the insider now directly owns 31,745 shares in the company, valued at approximately $1,284,085.25. This represents a 8.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Kodiak Gas Services Price Performance

NYSE:KGS opened at $45.30 on Wednesday. Kodiak Gas Services, Inc. has a 52 week low of $23.54 and a 52 week high of $50.43. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27. The firm’s 50-day simple moving average is $43.77 and its 200 day simple moving average is $35.41. The firm has a market cap of $3.97 billion, a price-to-earnings ratio of 156.21 and a beta of 1.18.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 14th will be given a $0.41 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.62%. Kodiak Gas Services’s payout ratio is 565.54%.

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.