William Chad Lenamon Sells 1,000 Shares of Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Chad Lenamon sold 1,000 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $67.79, for a total transaction of $67,790.00. Following the completion of the sale, the chief operating officer owned 90,918 shares in the company, valued at $6,163,331.22. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Kodiak Gas Services Price Performance

NYSE:KGS opened at $68.95 on Friday. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 93.18, a price-to-earnings-growth ratio of 0.94 and a beta of 0.94. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. The company’s 50-day moving average is $67.34 and its two-hundred day moving average is $52.62. Kodiak Gas Services, Inc. has a 12-month low of $30.06 and a 12-month high of $77.68.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.33 EPS. Research analysts expect that Kodiak Gas Services, Inc. will post 2.35 EPS for the current year.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is 264.86%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 15th. Barclays upped their target price on shares of Kodiak Gas Services from $60.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday, May 21st. Royal Bank Of Canada upped their target price on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a report on Friday, May 29th. Finally, Jefferies Financial Group assumed coverage on shares of Kodiak Gas Services in a report on Thursday, June 4th. They issued a “buy” rating and a $79.00 target price on the stock. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.22.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC lifted its holdings in shares of Kodiak Gas Services by 52.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after acquiring an additional 364 shares during the period. State of Wyoming increased its position in Kodiak Gas Services by 201.7% during the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 815 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in Kodiak Gas Services by 1,501.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after purchasing an additional 1,156 shares in the last quarter. GAMMA Investing LLC increased its position in Kodiak Gas Services by 80.3% during the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock worth $47,000 after purchasing an additional 556 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Kodiak Gas Services by 80.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after purchasing an additional 646 shares in the last quarter. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

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.