Insider Selling: Kodiak Gas Services (NYSE:KGS) CEO Sells 6,008 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) CEO Robert Michael Mckee sold 6,008 shares of the company’s stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Kodiak Gas Services Trading Up 0.5%

KGS traded up $0.32 during trading on Thursday, reaching $60.35. The company had a trading volume of 1,645,915 shares, compared to its average volume of 1,678,553. The firm’s 50-day simple moving average is $65.48 and its 200 day simple moving average is $62.32. 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 company has a market cap of $6.10 billion, a price-to-earnings ratio of 71.85, a PEG ratio of 0.91 and a beta of 0.97. Kodiak Gas Services, Inc. has a 12-month low of $32.55 and a 12-month high of $77.68.

Kodiak Gas Services (NYSE:KGS) last announced its 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 firm had revenue of $391.12 million during 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 quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.43 earnings per share. Equities research analysts anticipate that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on KGS shares. The Goldman Sachs Group upped their price target on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Stifel Nicolaus lifted their price objective on Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a research report on Tuesday, August 11th. Piper Sandler began coverage on Kodiak Gas Services in a research report on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 target price on the stock. Finally, Barclays reduced their price target on Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $78.89.

Institutional Trading of Kodiak Gas Services

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio acquired a new position in shares of Kodiak Gas Services during the 2nd quarter valued at about $29,000. EverSource Wealth Advisors LLC grew its holdings in Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after purchasing an additional 1,156 shares during the last quarter. State of Wyoming raised its position in shares of Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after purchasing an additional 815 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Kodiak Gas Services by 80.4% during the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after acquiring an additional 646 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new stake in shares of Kodiak Gas Services in the second quarter valued at about $76,000. 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.