Thrivent Financial for Lutherans Has $2.35 Million Position in Kodiak Gas Services, Inc. $KGS

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

A number of other hedge funds have also modified their holdings of the stock. Dynamic Technology Lab Private Ltd raised its holdings in shares of Kodiak Gas Services by 4.6% during the second quarter. Dynamic Technology Lab Private Ltd now owns 8,180 shares of the company’s stock worth $280,000 after acquiring an additional 360 shares in the last quarter. Captrust Financial Advisors grew its stake in Kodiak Gas Services by 2.7% in the second quarter. Captrust Financial Advisors now owns 16,925 shares of the company’s stock valued at $580,000 after purchasing an additional 448 shares in the last quarter. CWM LLC increased its position in Kodiak Gas Services by 4.3% in the 2nd quarter. CWM LLC now owns 14,804 shares of the company’s stock worth $507,000 after purchasing an additional 608 shares during the last quarter. Amplify Investments LLC raised its stake in shares of Kodiak Gas Services by 35.7% during the 3rd quarter. Amplify Investments LLC now owns 2,660 shares of the company’s stock worth $98,000 after purchasing an additional 700 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Kodiak Gas Services by 1,850.0% during the 2nd quarter. Allworth Financial LP now owns 741 shares of the company’s stock worth $25,000 after purchasing an additional 703 shares in the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on KGS. Barclays boosted their price target on Kodiak Gas Services from $42.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday. William Blair assumed coverage on shares of Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating for the company. Citigroup increased their price target on shares of Kodiak Gas Services from $48.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday. Zacks Research downgraded shares of Kodiak Gas Services from a “strong-buy” rating to a “hold” rating in a report on Wednesday, November 12th. Finally, Mizuho lifted their price objective on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a research note on Tuesday, January 20th. Eight analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Kodiak Gas Services Stock Down 0.3%

Shares of Kodiak Gas Services stock opened at $51.05 on Wednesday. The stock has a market capitalization of $4.43 billion, a P/E ratio of 63.81 and a beta of 1.31. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The stock has a 50 day moving average price of $38.72 and a two-hundred day moving average price of $36.01. Kodiak Gas Services, Inc. has a 12-month low of $29.25 and a 12-month high of $52.00.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed 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 of this dividend is Friday, February 13th. Kodiak Gas Services’s dividend payout ratio 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.