Robert Michael Mckee Sells 6,008 Shares of Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CEO Robert Michael Mckee sold 6,008 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $62.39, for a total value of $374,839.12. Following the transaction, the chief executive officer owned 298,589 shares in the company, valued at $18,628,967.71. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Kodiak Gas Services Price Performance

Shares of KGS stock opened at $61.28 on Friday. The stock has a 50 day moving average of $65.19 and a two-hundred day moving average of $62.44. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28. Kodiak Gas Services, Inc. has a 12 month low of $32.55 and a 12 month high of $77.68. The company has a market capitalization of $6.20 billion, a P/E ratio of 72.95, a P/E/G ratio of 0.88 and a beta of 0.97.

Kodiak Gas Services (NYSE:KGS) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.12). The firm had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.Kodiak Gas Services’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. As a group, equities analysts expect that Kodiak Gas Services, Inc. will post 2.46 EPS for the current year.

Kodiak Gas Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Investors of record on Monday, August 17th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend is Monday, August 17th. Kodiak Gas Services’s dividend payout ratio (DPR) is 233.33%.

Analyst Ratings Changes

KGS has been the topic of several analyst reports. Wells Fargo & Company began coverage on shares of Kodiak Gas Services in a report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price target on the stock. Barclays reduced their price objective on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating for the company in a report on Wednesday, July 8th. Piper Sandler initiated coverage on shares of Kodiak Gas Services in a research note on Tuesday, July 28th. They issued an “overweight” rating and a $78.00 target price on the stock. The Goldman Sachs Group upped their target price 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. Finally, Citigroup increased their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.89.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio bought a new position in Kodiak Gas Services during the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC increased its stake in 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. State of Wyoming increased its stake in Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after purchasing an additional 815 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in Kodiak Gas Services by 80.4% in the third quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock worth $54,000 after purchasing an additional 646 shares during the period. Finally, Harbor Investment Advisory LLC acquired a new stake in Kodiak Gas Services in the second quarter worth $76,000. 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.