SCHEDULE 13G/A: FMR LLC and Abigail P. Johnson Disclose 8.4% Stake in Kodiak Gas Services Inc.
Beneficial Ownership Report
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have jointly disclosed beneficial ownership of 8.4% of Kodiak Gas Services Inc.'s common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson, as reporting persons, have filed an Amendment No. 1 to Schedule 13G regarding their beneficial ownership in Kodiak Gas Services Inc.
- As of December 31, 2024, FMR LLC and Abigail P. Johnson collectively beneficially own 7,342,296.11 shares of Kodiak Gas Services Inc. common stock.
- This aggregate amount represents 8.4% of the total outstanding common stock of Kodiak Gas Services Inc.
- FMR LLC holds sole voting power over 6,995,263.00 shares and sole dispositive power over 7,342,296.11 shares.
- Abigail P. Johnson holds sole dispositive power over 7,342,296.11 shares, with no sole or shared voting power reported directly.
- The filing indicates that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
- FMR LLC is classified as a parent holding company (HC), and Abigail P. Johnson is classified as an individual (IN).
- Several FMR LLC subsidiaries, including Fidelity Management & Research Company LLC, are identified as entities that beneficially own shares, with Fidelity Management & Research Company LLC owning 5% or greater of the outstanding shares.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership, which is neutral in sentiment. It does not contain positive or negative operational or financial news.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of beneficial ownership by a major institutional investor in the energy services sector. It reflects FMR LLC's continued or updated investment position in Kodiak Gas Services Inc., a company operating in the natural gas compression industry. Such disclosures provide transparency regarding significant shareholder stakes but do not typically offer insights into broader industry trends or competitive dynamics.
Related Party Transactions
- Abigail P. Johnson is a Director, the Chairman, and the Chief Executive Officer of FMR LLC.
- Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power.
- The Johnson family group and other Series B shareholders have a voting agreement, which may deem members of the Johnson family to form a controlling group with respect to FMR LLC under the Investment Company Act of 1940.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holding, potentially signaling confidence from a major investment firm.
- Management: Awareness of a substantial shareholder's position, which may influence strategic considerations, though the filing states the stake is not for control purposes.
Key Dates
| Date | Description |
|---|---|
| 2023-01-03 | Effective date of Power of Attorney for FMR LLC and its direct and indirect subsidiaries. |
| 2023-01-26 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 2024-12-31 | Date of event which requires filing of this statement (beneficial ownership snapshot). |
| 2025-02-11 | Signature date of the Schedule 13G Amendment No. 1 filing. |
Keywords
Kodiak Gas Services Inc., FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, SEC Filing, Investment Management
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