OMERS ADMINISTRATION Corp Acquires Shares of 16,400 Kodiak Gas Services, Inc. $KGS

OMERS ADMINISTRATION Corp bought a new position in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 16,400 shares of the company’s stock, valued at approximately $1,232,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KGS. Harbor Investment Advisory LLC bought a new position in shares of Kodiak Gas Services in the second quarter valued at approximately $76,000. Allworth Financial LP bought a new stake in Kodiak Gas Services during the second quarter worth $80,000. State of Wyoming lifted its holdings in Kodiak Gas Services by 201.7% during the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after acquiring an additional 815 shares during the period. EverSource Wealth Advisors LLC boosted its position 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 worth $42,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Hilltop National Bank purchased a new position in Kodiak Gas Services in the second quarter worth $102,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Insider Activity

In related news, CEO Robert Michael Mckee sold 6,008 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $62.39, for a total value of $374,839.12. Following the completion of the transaction, the chief executive officer directly owned 298,589 shares of the company’s stock, valued at approximately $18,628,967.71. This trade represents a 1.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Pedro R. Buhigas sold 4,625 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $67.78, for a total transaction of $313,482.50. Following the completion of the transaction, the insider directly owned 38,454 shares of the company’s stock, valued at approximately $2,606,412.12. This trade represents a 10.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 19,531 shares of company stock valued at $1,296,158. 0.64% of the stock is currently owned by corporate insiders.

Kodiak Gas Services Stock Up 2.6%

Shares of NYSE KGS opened at $60.45 on Thursday. Kodiak Gas Services, Inc. has a one year low of $32.55 and a one year high of $77.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.45 and a quick ratio of 1.15. The business’s fifty day moving average price is $64.69 and its 200-day moving average price is $62.92. The stock has a market capitalization of $6.11 billion, a PE ratio of 71.97, a P/E/G ratio of 0.85 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). Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The firm had revenue of $391.12 million during the quarter, compared to analysts’ expectations of $386.30 million. During the same period last year, the business posted $0.43 EPS. The company’s revenue was up 21.2% compared to the same quarter last year. On average, equities research analysts anticipate that Kodiak Gas Services, Inc. will post 2.46 EPS for the current year.

Kodiak Gas Services Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on KGS shares. Zacks Research upgraded Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Wells Fargo & Company initiated coverage on shares of Kodiak Gas Services in a research report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price target for the company. Citigroup raised their price objective on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Royal Bank Of Canada lifted their price objective on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the stock an “outperform” rating in a research report on Thursday, August 13th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and a consensus price target of $78.89.

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.