Insider Selling: Kodiak Gas Services (NYSE:KGS) EVP Sells $590,457.32 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) EVP Cory Anne Roclawski sold 10,852 shares of the firm’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $54.41, for a total transaction of $590,457.32. Following the completion of the transaction, the executive vice president directly owned 31,405 shares of the company’s stock, valued at approximately $1,708,746.05. This represents a 25.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Cory Anne Roclawski also recently made the following trade(s):

• On Thursday, March 12th, Cory Anne Roclawski sold 21,161 shares of Kodiak Gas Services stock. The shares were sold at an average price of $56.52, for a total transaction of $1,196,019.72.

Kodiak Gas Services Price Performance

NYSE KGS opened at $57.42 on Friday. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 66.00 and a beta of 1.11. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57. The stock’s fifty day moving average price is $48.02 and its 200 day moving average price is $39.72. Kodiak Gas Services, Inc. has a 1 year low of $29.25 and a 1 year high of $58.50.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). The firm had revenue of $332.87 million for the quarter, compared to analysts’ expectations of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.21 EPS. As a group, equities research analysts forecast that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given 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 3.4%. Kodiak Gas Services’s dividend payout ratio is currently 225.29%.

Wall Street Analyst Weigh In

KGS has been the subject of a number of recent research reports. Barclays raised their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a research report on Thursday, March 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research note on Monday, December 29th. Mizuho raised their target price on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a report on Tuesday, January 20th. The Goldman Sachs Group boosted their target price on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Finally, Royal Bank Of Canada upped their price target on shares of Kodiak Gas Services from $45.00 to $64.00 and gave the company an “outperform” rating in a report on Thursday. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $54.57.

Institutional Trading of Kodiak Gas Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in shares of Kodiak Gas Services by 59.9% in the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock worth $166,872,000 after acquiring an additional 1,824,407 shares during the period. Vanguard Group Inc. grew its position in shares of Kodiak Gas Services by 33.8% during the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock valued at $230,771,000 after acquiring an additional 1,559,172 shares during the period. CIBC Private Wealth Group LLC grew its position in shares of Kodiak Gas Services by 3,046.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock valued at $55,040,000 after acquiring an additional 1,424,888 shares during the period. Zimmer Partners LP increased its stake in shares of Kodiak Gas Services by 45.7% in the 4th quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock valued at $159,756,000 after purchasing an additional 1,339,849 shares in the last quarter. Finally, Eagle Global Advisors LLC purchased a new position in shares of Kodiak Gas Services in the 4th quarter valued at about $39,741,000. 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.