Kodiak Gas Services (NYSE:KGS) CAO Sells $325,675.46 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CAO Ewan William Hamilton sold 5,797 shares of the stock in a transaction that occurred on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total transaction of $325,675.46. Following the sale, the chief accounting officer directly owned 34,346 shares of the company’s stock, valued at $1,929,558.28. The trade was a 14.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Ewan William Hamilton also recently made the following trade(s):

• On Monday, March 16th, Ewan William Hamilton sold 2,091 shares of Kodiak Gas Services stock. The stock was sold at an average price of $55.25, for a total transaction of $115,527.75.
• On Friday, March 13th, Ewan William Hamilton sold 4,830 shares of Kodiak Gas Services stock. The stock was sold at an average price of $54.75, for a total value of $264,442.50.

Kodiak Gas Services Stock Down 0.8%

Shares of KGS traded down $0.48 during midday trading on Wednesday, hitting $55.56. 893,850 shares of the company’s stock traded hands, compared to its average volume of 1,581,012. Kodiak Gas Services, Inc. has a 1 year low of $29.25 and a 1 year high of $58.50. The firm’s fifty day moving average is $47.21 and its 200-day moving average is $39.49. The company has a current ratio of 0.84, a quick ratio of 0.57 and a debt-to-equity ratio of 2.12. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 63.86 and a beta of 1.11.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The business had revenue of $332.87 million for the quarter, compared to analysts’ expectations of $330.95 million. During the same quarter last year, the firm earned $0.21 earnings per share. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were paid a dividend of $0.49 per share. The ex-dividend date was Friday, February 13th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.5%. Kodiak Gas Services’s payout ratio is presently 225.29%.

Hedge Funds Weigh In On Kodiak Gas Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Invesco Ltd. grew its holdings in Kodiak Gas Services by 59.9% during the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock worth $166,872,000 after acquiring an additional 1,824,407 shares during the period. Vanguard Group Inc. boosted 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 worth $230,771,000 after purchasing an additional 1,559,172 shares in the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Kodiak Gas Services by 3,046.3% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock worth $55,040,000 after purchasing an additional 1,424,888 shares during the period. Zimmer Partners LP grew its stake in shares of 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 purchasing an additional 1,339,849 shares during the period. Finally, Eagle Global Advisors LLC purchased a new position in shares of Kodiak Gas Services during the 4th quarter valued at approximately $39,741,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analyst Ratings Changes

KGS has been the subject of a number of recent analyst reports. Royal Bank Of Canada lifted their target price on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. The Goldman Sachs Group upped their price target on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Barclays raised their price target on shares of Kodiak Gas Services from $49.00 to $60.00 and gave the stock an “overweight” rating in a report on Thursday, March 5th. William Blair began coverage on shares of Kodiak Gas Services in a report on Tuesday, November 18th. They set an “outperform” rating on the stock. Finally, Mizuho increased their price objective on Kodiak Gas Services from $36.00 to $44.00 and gave the company an “outperform” rating in a report on Tuesday, January 20th. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus target price of $51.86.

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.