Entropy Technologies LP Makes New Investment in Kodiak Gas Services, Inc. (NYSE:KGS)

Entropy Technologies LP acquired a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 24,436 shares of the company’s stock, valued at approximately $998,000.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC boosted its position in Kodiak Gas Services by 94.7% during the fourth quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares during the period. Mendota Financial Group LLC acquired a new position in Kodiak Gas Services in the 4th quarter valued at $122,000. SG Americas Securities LLC bought a new position in Kodiak Gas Services in the 3rd quarter worth $125,000. Quadrature Capital Ltd acquired a new position in Kodiak Gas Services during the 3rd quarter worth $242,000. Finally, Dynamic Technology Lab Private Ltd boosted its holdings in Kodiak Gas Services by 41.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 10,904 shares of the company’s stock valued at $316,000 after acquiring an additional 3,209 shares during the period. 24.95% of the stock is owned by institutional investors.

Kodiak Gas Services Stock Performance

Kodiak Gas Services stock opened at $46.16 on Tuesday. The firm has a market capitalization of $4.04 billion, a P/E ratio of 159.19 and a beta of 1.18. The stock has a fifty day moving average price of $43.68 and a two-hundred day moving average price of $35.28. 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 current ratio of 1.27 and a quick ratio of 0.93.

Kodiak Gas Services Dividend Announcement

The company also recently declared 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. This represents a $1.64 annualized dividend and a yield of 3.55%. The ex-dividend date of this dividend is Friday, February 14th. Kodiak Gas Services’s dividend payout ratio is currently 565.52%.

Insider Buying and Selling at Kodiak Gas Services

In other news, major shareholder Frontier Topco Partnership, L. sold 3,728,677 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $47.50, for a total value of $177,112,157.50. Following the completion of the sale, the insider now directly 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ewan William Hamilton sold 3,000 shares of Kodiak Gas Services stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the transaction, the insider now directly owns 31,745 shares of the company’s stock, valued at $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. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on KGS shares. Barclays lifted their price objective on Kodiak Gas Services from $32.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Citigroup lifted their price target on Kodiak Gas Services from $41.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, January 14th. Royal Bank of Canada increased their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. The Goldman Sachs Group boosted their target price on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. increased their price target on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a report on Friday, November 29th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.09.

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.