Chesapeake Capital Corp IL Acquires Shares of 20,625 Kodiak Gas Services, Inc. (NYSE:KGS)

Chesapeake Capital Corp IL acquired a new stake in Kodiak Gas Services, Inc. (NYSE:KGS) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 20,625 shares of the company’s stock, valued at approximately $603,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KGS. HITE Hedge Asset Management LLC grew its stake in shares of Kodiak Gas Services by 74.8% in the second quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company’s stock valued at $21,279,000 after acquiring an additional 334,086 shares in the last quarter. Blackstone Inc. grew its stake in shares of Kodiak Gas Services by 1,358.3% in the first quarter. Blackstone Inc. now owns 644,231 shares of the company’s stock valued at $17,613,000 after acquiring an additional 600,055 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Kodiak Gas Services by 63.2% in the second quarter. American Century Companies Inc. now owns 575,371 shares of the company’s stock valued at $15,685,000 after acquiring an additional 222,830 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Kodiak Gas Services by 1.4% in the second quarter. Bank of New York Mellon Corp now owns 542,281 shares of the company’s stock valued at $14,783,000 after acquiring an additional 7,640 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Kodiak Gas Services in the first quarter valued at about $11,544,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on KGS. Barclays upped their price objective on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Citigroup began coverage on shares of Kodiak Gas Services in a research report on Friday, September 27th. They set a “buy” rating and a $35.00 price objective for the company. Royal Bank of Canada upped their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Bank of America began coverage on shares of Kodiak Gas Services in a research report on Wednesday, September 18th. They set a “buy” rating and a $30.00 price objective for the company. Finally, Redburn Atlantic began coverage on shares of Kodiak Gas Services in a research report on Thursday, September 19th. They set a “buy” rating and a $35.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and an average target price of $34.64.

Kodiak Gas Services Stock Up 1.8 %

Shares of NYSE KGS opened at $36.44 on Friday. The company has a 50 day simple moving average of $30.97 and a 200 day simple moving average of $28.50. The firm has a market cap of $3.19 billion, a PE ratio of 125.66 and a beta of 0.79. Kodiak Gas Services, Inc. has a 1 year low of $17.50 and a 1 year high of $36.99. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Investors of record on Friday, November 1st were issued a $0.41 dividend. The ex-dividend date was Friday, November 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.50%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 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.