Kodiak Gas Services (NYSE:KGS) CEO Robert Michael Mckee Sells 6,008 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) CEO Robert Michael Mckee sold 6,008 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $62.39, for a total value of $374,839.12. Following the completion of the sale, the chief executive officer directly owned 298,589 shares of the company’s stock, valued at approximately $18,628,967.71. This represents a 1.97% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $60.35 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. The stock’s fifty day moving average is $65.34 and its two-hundred day moving average is $62.45. The firm has a market capitalization of $6.10 billion, a P/E ratio of 71.85, a price-to-earnings-growth ratio of 0.87 and a beta of 0.97. Kodiak Gas Services, Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The company had revenue of $391.12 million during the quarter, compared to analyst estimates of $386.30 million. During the same period last year, the business earned $0.43 earnings per share. The firm’s revenue was up 21.2% compared to the same quarter last year. On average, research analysts anticipate that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Monday, August 17th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.96 dividend on an annualized basis and a yield of 3.2%. Kodiak Gas Services’s payout ratio is 233.33%.

Hedge Funds Weigh In On Kodiak Gas Services

Several institutional investors have recently added to or reduced their stakes in KGS. HighTower Advisors LLC lifted its holdings in shares of Kodiak Gas Services by 40.5% in the fourth quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock valued at $2,158,000 after purchasing an additional 16,619 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Kodiak Gas Services by 29.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock valued at $33,713,000 after buying an additional 203,809 shares during the period. Maven Securities LTD raised its position in Kodiak Gas Services by 694.0% during the fourth quarter. Maven Securities LTD now owns 100,000 shares of the company’s stock valued at $3,740,000 after buying an additional 87,406 shares during the period. Dimensional Fund Advisors LP lifted its stake in Kodiak Gas Services by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock worth $181,108,000 after acquiring an additional 135,998 shares in the last quarter. Finally, Crown Advisors Management Inc. acquired a new stake in Kodiak Gas Services during the 2nd quarter worth about $4,508,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on KGS. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Citigroup boosted their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, May 6th. Barclays reduced their target price on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Finally, Stifel Nicolaus lifted their price target on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Ten investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus price target of $78.89.

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.