Kodiak Gas Services, Inc. $KGS Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans grew its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 107.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,532 shares of the company’s stock after purchasing an additional 32,927 shares during the period. Thrivent Financial for Lutherans owned approximately 0.07% of Kodiak Gas Services worth $2,348,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Tyler Stone Wealth Management bought a new stake in Kodiak Gas Services during the second quarter worth approximately $1,068,000. Walleye Capital LLC increased its holdings in shares of Kodiak Gas Services by 385.9% in the second quarter. Walleye Capital LLC now owns 401,983 shares of the company’s stock valued at $13,776,000 after buying an additional 319,257 shares in the last quarter. Viking Fund Management LLC lifted its position in shares of Kodiak Gas Services by 42.7% during the 3rd quarter. Viking Fund Management LLC now owns 127,000 shares of the company’s stock valued at $4,695,000 after acquiring an additional 38,000 shares during the last quarter. New York State Common Retirement Fund boosted its stake in shares of Kodiak Gas Services by 395.1% during the 3rd quarter. New York State Common Retirement Fund now owns 84,838 shares of the company’s stock worth $3,136,000 after acquiring an additional 67,704 shares in the last quarter. Finally, Deprince Race & Zollo Inc. bought a new stake in shares of Kodiak Gas Services during the 3rd quarter worth $28,385,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analyst Ratings Changes

KGS has been the topic of a number of recent analyst reports. Wall Street Zen lowered Kodiak Gas Services from a “hold” rating to a “sell” rating in a research report on Saturday. Citigroup lifted their price target on Kodiak Gas Services from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday. Mizuho boosted their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. Zacks Research downgraded shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 12th. Finally, William Blair assumed coverage on shares of Kodiak Gas Services in a report on Tuesday, November 18th. They set an “outperform” rating on the stock. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $47.00.

Kodiak Gas Services Trading Down 0.3%

Shares of NYSE KGS opened at $51.05 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08. Kodiak Gas Services, Inc. has a one year low of $29.25 and a one year high of $52.00. The business has a 50-day moving average price of $38.72 and a two-hundred day moving average price of $36.01. The firm has a market capitalization of $4.43 billion, a PE ratio of 63.81 and a beta of 1.31.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 20th. Investors of record on Friday, February 13th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, February 13th. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 245.00%.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.