Viking Fund Management LLC Increases Stock Position in Kodiak Gas Services, Inc. (NYSE:KGS)

Viking Fund Management LLC lifted its holdings in shares of Kodiak Gas Services, Inc. (NYSE:KGS) by 16.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,000 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Viking Fund Management LLC owned about 0.08% of Kodiak Gas Services worth $2,858,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KGS. GAMMA Investing LLC boosted its stake in shares of Kodiak Gas Services by 94.7% during the 4th quarter. GAMMA Investing LLC now owns 703 shares of the company’s stock worth $29,000 after purchasing an additional 342 shares during the last quarter. HWG Holdings LP acquired a new stake in Kodiak Gas Services during the second quarter worth approximately $40,000. Mendota Financial Group LLC purchased a new stake in Kodiak Gas Services in the 4th quarter worth approximately $122,000. SG Americas Securities LLC acquired a new position in Kodiak Gas Services in the 3rd quarter valued at $125,000. Finally, Hsbc Holdings PLC purchased a new position in shares of Kodiak Gas Services during the 2nd quarter worth $208,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on KGS. Mizuho initiated coverage on Kodiak Gas Services in a research report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price objective for the company. The Goldman Sachs Group lifted their price target on Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price objective on shares of Kodiak Gas Services from $34.00 to $42.00 and gave the company a “neutral” rating in a research note on Friday, November 29th. Truist Financial raised their target price on shares of 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, Royal Bank of Canada upped their price target 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. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Kodiak Gas Services presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.36.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $48.98 on Wednesday. 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 company has a market cap of $4.29 billion, a PE ratio of 168.90 and a beta of 1.15. The company’s fifty day simple moving average is $41.31 and its 200-day simple moving average is $33.35. Kodiak Gas Services, Inc. has a 52 week low of $21.55 and a 52 week high of $49.00.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction that occurred on 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 sale, the insider now owns 31,745 shares of the company’s stock, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.18% of the stock is owned by insiders.

Kodiak Gas Services 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.