Kodiak Gas Services (NYSE:KGS) CEO Robert Michael Mckee Acquires 433 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) CEO Robert Michael Mckee acquired 433 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was purchased at an average price of $50.23 per share, for a total transaction of $21,749.59. Following the completion of the acquisition, the chief executive officer owned 187,628 shares in the company, valued at $9,424,554.44. The trade was a 0.23% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock opened at $51.11 on Wednesday. The stock has a market capitalization of $4.43 billion, a P/E ratio of 63.89 and a beta of 1.31. The business has a 50 day simple moving average of $41.51 and a two-hundred day simple moving average of $37.33. Kodiak Gas Services, Inc. has a 12 month low of $29.25 and a 12 month high of $52.70. The company has a debt-to-equity ratio of 2.08, a current ratio of 0.98 and a quick ratio of 0.69.

Kodiak Gas Services Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were issued a $0.49 dividend. The ex-dividend date was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a yield of 3.8%. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 245.00%.

Analyst Ratings Changes

A number of analysts have commented on KGS shares. Barclays increased their price objective on shares of Kodiak Gas Services from $42.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday. Mizuho boosted their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 20th. William Blair assumed coverage on Kodiak Gas Services in a research note on Tuesday, November 18th. They issued an “outperform” rating for the company. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Eight equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $47.00.

Institutional Investors Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KGS. Royal Bank of Canada lifted its stake in shares of Kodiak Gas Services by 67.5% in the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock valued at $382,000 after purchasing an additional 4,126 shares during the last quarter. AQR Capital Management LLC raised its holdings in Kodiak Gas Services by 64.9% in the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock valued at $793,000 after buying an additional 8,369 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Kodiak Gas Services by 44.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock valued at $1,000,000 after buying an additional 8,297 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Kodiak Gas Services by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock worth $73,979,000 after buying an additional 730,180 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Kodiak Gas Services by 102.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock valued at $3,548,000 after acquiring an additional 48,122 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

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