Kodiak Gas Services (NYSE:KGS) EVP Cory Anne Roclawski Sells 4,169 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) EVP Cory Anne Roclawski sold 4,169 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $68.36, for a total value of $284,992.84. Following the completion of the sale, the executive vice president owned 24,662 shares of the company’s stock, valued at $1,685,894.32. This represents a 14.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Kodiak Gas Services Stock Performance

Shares of KGS traded up $1.99 on Wednesday, reaching $70.00. 1,686,204 shares of the stock traded hands, compared to its average volume of 1,681,620. The firm has a market cap of $6.21 billion, a price-to-earnings ratio of 94.59, a P/E/G ratio of 0.93 and a beta of 0.89. Kodiak Gas Services, Inc. has a 12 month low of $30.06 and a 12 month high of $77.68. The stock’s 50-day moving average price is $70.30 and its 200-day moving average price is $56.86. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The firm had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same quarter in the previous year, the firm posted $0.33 EPS. The business’s revenue for the quarter was up 4.9% on a year-over-year basis. Equities analysts forecast that Kodiak Gas Services, Inc. will post 2.36 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is 264.86%.

Institutional Investors Weigh In On Kodiak Gas Services

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Kodiak Gas Services by 33.8% in the 4th quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock valued at $230,771,000 after purchasing an additional 1,559,172 shares during the last quarter. Invesco Ltd. increased its stake in shares of Kodiak Gas Services by 29.5% in the third quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock valued at $233,125,000 after buying an additional 1,436,443 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in shares of Kodiak Gas Services by 3,046.3% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock valued at $55,040,000 after buying an additional 1,424,888 shares during the last quarter. Zimmer Partners LP lifted its position in Kodiak Gas Services by 45.7% during the 4th quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock worth $159,756,000 after buying an additional 1,339,849 shares in the last quarter. Finally, Eagle Global Advisors LLC bought a new stake in shares of Kodiak Gas Services during the fourth quarter valued at approximately $39,741,000. 24.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on KGS shares. The Goldman Sachs Group lifted their price objective on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 15th. Jefferies Financial Group initiated coverage on Kodiak Gas Services in a research note on Thursday, June 4th. They set a “buy” rating and a $79.00 price objective for the company. 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 research note on Wednesday. Royal Bank Of Canada upped their target price on shares of Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a report on Monday, May 18th. Finally, Stifel Nicolaus set a $84.00 target price on shares of Kodiak Gas Services in a research report on Tuesday, May 12th. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Kodiak Gas Services has an average rating of “Moderate Buy” and a consensus target price of $78.75.

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.