Robert Michael Mckee Sells 5,999 Shares of Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CEO Robert McKee sold 5,999 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $59.31, for a total value of $355,800.69. Following the completion of the transaction, the chief executive officer owned 292,590 shares of the company’s stock, valued at $17,353,512.90. This represents a 2.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, August 19th, Robert McKee sold 6,008 shares of Kodiak Gas Services stock. The stock was sold at an average price of $62.39, for a total transaction of $374,839.12.

Kodiak Gas Services Stock Performance

Shares of KGS opened at $61.68 on Friday. The firm has a market cap of $6.24 billion, a P/E ratio of 73.43, a PEG ratio of 0.90 and a beta of 0.96. Kodiak Gas Services, Inc. has a twelve month low of $32.55 and a twelve month high of $77.68. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. The firm’s 50 day moving average price is $63.38 and its two-hundred day moving average price is $63.31.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings data 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 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%.The company’s revenue was up 21.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. On average, analysts forecast that Kodiak Gas Services, Inc. will post 2.44 EPS for the current fiscal year.

Kodiak Gas Services Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Advisors Preferred LLC bought a new position in shares of Kodiak Gas Services in the second quarter valued at $1,986,000. Crown Advisors Management Inc. bought a new stake in Kodiak Gas Services during the second quarter worth $4,508,000. Charles Schwab Investment Management Inc. raised its position in Kodiak Gas Services by 29.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock worth $33,713,000 after acquiring an additional 203,809 shares in the last quarter. HighTower Advisors LLC lifted its stake in Kodiak Gas Services by 40.5% in the fourth quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock valued at $2,158,000 after acquiring an additional 16,619 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Kodiak Gas Services by 4.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock valued at $181,108,000 after acquiring an additional 135,998 shares during the last quarter. Institutional investors and hedge funds own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on KGS shares. Citigroup increased their price objective on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Stifel Nicolaus boosted their target price on Kodiak Gas Services from $90.00 to $92.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Piper Sandler began coverage on Kodiak Gas Services in a research report on Tuesday, July 28th. They set an “overweight” rating and a $78.00 price target for the company. The Goldman Sachs Group raised their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Royal Bank Of Canada lifted their price objective on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the company an “outperform” rating in a report on Thursday, August 13th. Ten analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $78.89.

Kodiak Gas Services Company Profile

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.