Insider Selling: Kodiak Gas Services (NYSE:KGS) COO Sells $67,790.00 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Chad Lenamon sold 1,000 shares of the stock in a transaction that occurred on Monday, July 13th. The stock was sold at an average price of $67.79, for a total value of $67,790.00. Following the transaction, the chief operating officer owned 87,294 shares in the company, valued at $5,917,660.26. This represents a 1.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

William Chad Lenamon also recently made the following trade(s):

• On Thursday, June 11th, William Chad Lenamon sold 1,000 shares of Kodiak Gas Services stock. The shares were sold at an average price of $67.79, for a total value of $67,790.00.

Kodiak Gas Services Price Performance

Shares of Kodiak Gas Services stock traded down $1.31 on Monday, reaching $66.53. The company’s stock had a trading volume of 1,362,012 shares, compared to its average volume of 1,678,399. 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 company has a market capitalization of $5.91 billion, a P/E ratio of 89.90, a PEG ratio of 1.05 and a beta of 0.89. The stock has a 50-day moving average price of $70.41 and a 200-day moving average price of $57.54. Kodiak Gas Services, Inc. has a 52-week low of $30.06 and a 52-week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same quarter last year, the firm posted $0.33 EPS. The business’s revenue was up 4.9% on a year-over-year basis. Analysts expect that Kodiak Gas Services, Inc. will post 2.3 EPS for the current year.

Kodiak Gas Services Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on KGS shares. Zacks Research upgraded shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Friday, May 29th. The Goldman Sachs Group raised their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Barclays decreased their price target 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, July 8th. Finally, Jefferies Financial Group began coverage on Kodiak Gas Services in a research report on Thursday, June 4th. They issued a “buy” rating and a $79.00 target price on the stock. Eight research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $78.75.

Institutional Trading of Kodiak Gas Services

Large investors have recently bought and sold shares of the business. Harbor Investment Advisory LLC acquired a new stake in Kodiak Gas Services in the 2nd quarter valued at about $76,000. Nisa Investment Advisors LLC boosted its holdings in shares of Kodiak Gas Services by 52.1% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after purchasing an additional 364 shares during the last quarter. State of Wyoming boosted its holdings in shares of Kodiak Gas Services by 201.7% during the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 815 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Kodiak Gas Services by 1,501.3% in 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 in the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after purchasing an additional 556 shares in the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.