Kodiak Gas Services (NYSE:KGS) CEO Sells $355,800.69 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CEO Robert McKee sold 5,999 shares of the firm’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $59.31, for a total transaction of $355,800.69. Following the completion of the transaction, the chief executive officer directly owned 292,590 shares in the company, valued at approximately $17,353,512.90. This represents a 2.01% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Robert Michael Mckee also recently made the following trade(s):

• On Wednesday, August 19th, Robert McKee sold 6,008 shares of Kodiak Gas Services stock. The stock was sold at an average price of $62.39, for a total transaction of $374,839.12.

Kodiak Gas Services Price Performance

Shares of NYSE KGS opened at $62.53 on Friday. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. Kodiak Gas Services, Inc. has a 1-year low of $32.55 and a 1-year high of $77.68. The company has a market capitalization of $6.32 billion, a price-to-earnings ratio of 74.44, a PEG ratio of 0.90 and a beta of 0.96. The business has a 50-day moving average of $63.12 and a 200-day moving average of $63.30.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.12). The company had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The business’s revenue was up 21.2% on a year-over-year basis. During the same period last year, the firm posted $0.43 earnings per share. On average, equities analysts anticipate that Kodiak Gas Services, Inc. will post 2.44 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend was Monday, August 17th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 233.33%.

Analyst Ratings Changes

KGS has been the subject of a number of analyst reports. Wells Fargo & Company assumed coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price objective for the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Wednesday, August 26th. Barclays decreased their price target on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a research report on Wednesday, July 8th. Jefferies Financial Group cut their price target on shares of Kodiak Gas Services from $79.00 to $69.00 and set a “buy” rating on the stock in a report on Monday, August 10th. Finally, Stifel Nicolaus increased their price objective on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Ten equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $78.89.

Hedge Funds Weigh In On Kodiak Gas Services

A number of hedge funds have recently added to or reduced their stakes in KGS. Advisors Preferred LLC acquired a new stake in Kodiak Gas Services during the second quarter worth about $1,986,000. Crown Advisors Management Inc. acquired a new position in Kodiak Gas Services in the second quarter valued at approximately $4,508,000. Charles Schwab Investment Management Inc. boosted its stake in Kodiak Gas Services by 29.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock valued at $33,713,000 after acquiring an additional 203,809 shares during the period. HighTower Advisors LLC grew its holdings in shares of Kodiak Gas Services by 40.5% during 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 during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Kodiak Gas Services by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock valued at $181,108,000 after purchasing an additional 135,998 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.