Kodiak Gas Services, Inc. (NYSE:KGS) Insider Ewan William Hamilton Sells 3,000 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the transaction, the insider now owns 31,745 shares in the company, valued at $1,284,085.25. This trade represents a 8.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Kodiak Gas Services Stock Performance

Shares of NYSE:KGS traded down $0.72 during midday trading on Monday, reaching $39.72. 760,488 shares of the company’s stock traded hands, compared to its average volume of 535,147. Kodiak Gas Services, Inc. has a one year low of $17.50 and a one year high of $41.25. The stock has a 50 day moving average of $32.29 and a 200 day moving average of $28.93. The company has a market cap of $3.48 billion, a price-to-earnings ratio of 139.45 and a beta of 0.79. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.93 and a current ratio of 1.27.

Kodiak Gas Services Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services’s payout ratio is presently 565.54%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays lifted their price target on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Monday, October 7th. Citigroup started coverage on shares of Kodiak Gas Services in a research note on Friday, September 27th. They issued a “buy” rating and a $35.00 target price on the stock. Truist Financial raised their price objective on shares of Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, November 8th. Mizuho initiated coverage on shares of Kodiak Gas Services in a research report on Wednesday, October 2nd. They set an “outperform” rating and a $36.00 price target for the company. Finally, Raymond James boosted their price target on Kodiak Gas Services from $35.00 to $39.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.64.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in KGS. FMR LLC raised its stake in Kodiak Gas Services by 444.4% during the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company’s stock valued at $141,804,000 after buying an additional 3,991,630 shares during the last quarter. Wellington Management Group LLP purchased a new position in Kodiak Gas Services in the third quarter worth about $44,558,000. Zimmer Partners LP grew its stake in shares of Kodiak Gas Services by 313.0% during the 3rd quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock valued at $51,616,000 after purchasing an additional 1,348,899 shares during the period. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Kodiak Gas Services during the 1st quarter valued at about $11,544,000. Finally, Hotchkis & Wiley Capital Management LLC bought a new position in shares of Kodiak Gas Services in the 3rd quarter worth approximately $9,741,000. 24.95% of the stock is owned by hedge funds and other institutional investors.

About Kodiak Gas Services

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.