Insider Selling: Kodiak Gas Services (NYSE:KGS) CAO Sells 2,729 Shares of Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CAO Ewan William Hamilton sold 2,729 shares of the stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $68.62, for a total value of $187,263.98. Following the completion of the transaction, the chief accounting officer owned 31,617 shares of the company’s stock, valued at $2,169,558.54. This represents a 7.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Kodiak Gas Services Trading Down 1.9%

Kodiak Gas Services stock traded down $1.34 during trading hours on Tuesday, hitting $67.91. The stock had a trading volume of 1,432,882 shares, compared to its average volume of 1,600,415. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 91.77, a P/E/G ratio of 0.97 and a beta of 0.94. Kodiak Gas Services, Inc. has a one year low of $30.06 and a one year high of $77.68. The business’s 50 day simple moving average is $67.56 and its 200-day simple moving average is $52.99.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The company had revenue of $345.76 million during the quarter, compared to the consensus estimate of $340.23 million. During the same period last year, the company earned $0.33 earnings per share. The firm’s revenue was up 4.9% compared to the same quarter last year. On average, equities analysts predict that Kodiak Gas Services, Inc. will post 2.35 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio (DPR) is 264.86%.

Institutional Investors Weigh In On Kodiak Gas Services

Several large investors have recently added to or reduced their stakes in KGS. Public Sector Pension Investment Board bought a new position in shares of Kodiak Gas Services in the third quarter valued at approximately $9,491,000. Rhumbline Advisers lifted its holdings in shares of Kodiak Gas Services by 126.9% in the third quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock valued at $6,624,000 after purchasing an additional 100,194 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 purchasing an additional 203,809 shares in the last quarter. Westend Capital Management LLC bought a new position in shares of Kodiak Gas Services in the fourth quarter valued at approximately $13,585,000. Finally, Maven Securities LTD lifted its holdings in shares of Kodiak Gas Services by 694.0% in the fourth quarter. Maven Securities LTD now owns 100,000 shares of the company’s stock valued at $3,740,000 after purchasing an additional 87,406 shares in the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

KGS has been the subject of a number of analyst reports. Wells Fargo & Company initiated coverage on Kodiak Gas Services in a research report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price objective for the company. Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. Barclays raised their price objective on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Finally, The Goldman Sachs Group raised their price objective on Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $75.22.

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.