Kodiak Gas Services (NYSE:KGS) CEO Robert Michael Mckee Sells 2,666 Shares of Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CEO Robert McKee sold 2,666 shares of Kodiak Gas Services stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $45.55, for a total value of $121,436.30. Following the completion of the transaction, the chief executive officer owned 287,258 shares of the company’s stock, valued at approximately $13,084,601.90. This represents a 0.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Robert Michael Mckee also recently made the following trade(s):

• On Monday, October 5th, Robert McKee sold 2,666 shares of Kodiak Gas Services stock. The stock was sold at an average price of $53.95, for a total value of $143,830.70.
• On Tuesday, September 1st, Robert McKee sold 5,999 shares of Kodiak Gas Services stock. The shares were sold at an average price of $59.31, for a total value of $355,800.69.
• On Wednesday, August 19th, Robert McKee sold 6,008 shares of Kodiak Gas Services stock. The shares were sold at an average price of $62.39, for a total value of $374,839.12.

Kodiak Gas Services Price Performance

NYSE:KGS opened at $41.21 on Thursday. The firm has a market capitalization of $4.18 billion, a price-to-earnings ratio of 49.06 and a beta of 1.07. Kodiak Gas Services, Inc. has a 1 year low of $32.55 and a 1 year high of $77.68. The business has a 50 day simple moving average of $53.66 and a 200-day simple moving average of $59.07. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15.

Kodiak Gas Services (NYSE:KGS) last announced its earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). The company had revenue of $391.12 million during the quarter, compared to analysts’ expectations 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 quarter last year, the firm posted $0.43 EPS. Equities analysts forecast that Kodiak Gas Services, Inc. will post 2.43 EPS for the current year.

Kodiak Gas Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be given a $0.51 dividend. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.49. This represents a $2.04 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Monday, November 16th. Kodiak Gas Services’s dividend payout ratio is 233.33%.

Analysts Set New Price Targets

Several research firms have commented on KGS. Citigroup dropped their price objective on shares of Kodiak Gas Services from $86.00 to $82.00 and set a “buy” rating for the company in a research note on Friday, October 9th. UBS Group reissued a “buy” rating on shares of Kodiak Gas Services in a research note on Friday, October 16th. Zacks Research lowered shares of Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 27th. Jefferies Financial Group lowered their target price on shares of Kodiak Gas Services from $69.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Finally, Mizuho set a $72.00 price target on shares of Kodiak Gas Services in a research note on Monday, October 12th. Thirteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus price target of $79.18.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Keybank National Association OH purchased a new position in Kodiak Gas Services in the 3rd quarter worth about $488,000. Fulcrum Asset Management LLP lifted its holdings in Kodiak Gas Services by 1,187.7% during the 3rd quarter. Fulcrum Asset Management LLP now owns 104,663 shares of the company’s stock valued at $5,416,000 after buying an additional 96,535 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in Kodiak Gas Services by 55.6% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 72,861 shares of the company’s stock valued at $3,902,000 after buying an additional 26,036 shares in the last quarter. Ethic Inc. lifted its holdings in Kodiak Gas Services by 162.8% during the 3rd quarter. Ethic Inc. now owns 7,893 shares of the company’s stock valued at $418,000 after buying an additional 4,890 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its position in Kodiak Gas Services by 77.6% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 76,295 shares of the company’s stock valued at $4,041,000 after buying an additional 33,335 shares during the period. Institutional investors own 24.95% of the company’s stock.

About Kodiak Gas Services

Kodiak Gas Services, Inc (NYSE: KGS) provides contract compression and related infrastructure services to the North American oil and gas industry. The company helps producers and midstream operators move natural gas through gathering systems, processing facilities and pipelines by supplying compression equipment and operating it under long-term service arrangements.

Its services include the design, installation, operation and maintenance of natural gas compression systems. Kodiak owns and manages a fleet of compression units that can be deployed across a range of applications, including natural gas gathering and processing.