Kodiak Gas Services (NYSE:KGS) CEO Robert Michael Mckee Purchases 433 Shares

Kodiak Gas Services, Inc. (NYSE:KGS) CEO Robert Michael Mckee acquired 433 shares of Kodiak Gas Services stock in a transaction dated Friday, February 20th. The stock was purchased at an average cost of $50.23 per share, with a total value of $21,749.59. Following the completion of the purchase, the chief executive officer owned 187,628 shares of the company’s stock, valued at approximately $9,424,554.44. This represents a 0.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Kodiak Gas Services Price Performance

Shares of KGS traded up $0.83 during trading hours on Tuesday, reaching $51.11. 1,158,974 shares of the stock traded hands, compared to its average volume of 1,598,005. The company has a market cap of $4.43 billion, a P/E ratio of 63.89 and a beta of 1.31. The company has a current ratio of 0.98, a quick ratio of 0.69 and a debt-to-equity ratio of 2.08. The company’s 50-day moving average price is $41.20 and its two-hundred day moving average price is $37.20. Kodiak Gas Services, Inc. has a 52-week low of $29.25 and a 52-week high of $52.70.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a dividend of $0.49 per share. The ex-dividend date was Friday, February 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.8%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 245.00%.

Wall Street Analyst Weigh In

Several research firms have weighed in on KGS. Royal Bank Of Canada upped their price target on Kodiak Gas Services from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 18th. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday. Barclays boosted their price target on shares of Kodiak Gas Services from $42.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, February 6th. Finally, William Blair assumed coverage on Kodiak Gas Services in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Eight research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Institutional Trading of Kodiak Gas Services

A number of large investors have recently made changes to their positions in the business. Royal Bank of Canada raised its position in shares of Kodiak Gas Services by 67.5% during the 1st quarter. Royal Bank of Canada now owns 10,235 shares of the company’s stock valued at $382,000 after buying an additional 4,126 shares in the last quarter. AQR Capital Management LLC increased its stake in Kodiak Gas Services by 64.9% during the first quarter. AQR Capital Management LLC now owns 21,261 shares of the company’s stock worth $793,000 after acquiring an additional 8,369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Kodiak Gas Services by 44.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company’s stock valued at $1,000,000 after purchasing an additional 8,297 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Kodiak Gas Services by 58.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company’s stock valued at $73,979,000 after purchasing an additional 730,180 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Kodiak Gas Services by 102.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company’s stock worth $3,548,000 after purchasing an additional 48,122 shares during the period. 24.95% of the stock is currently owned by 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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.