Insider Selling: Kodiak Gas Services (NYSE:KGS) COO Sells $67,790.00 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Chad Lenamon sold 1,000 shares of the stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $67.79, for a total value of $67,790.00. Following the transaction, the chief operating officer directly owned 90,918 shares in the company, valued at approximately $6,163,331.22. This represents a 1.09% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Kodiak Gas Services Trading Up 2.7%

Shares of Kodiak Gas Services stock opened at $68.95 on Friday. Kodiak Gas Services, Inc. has a fifty-two week low of $30.06 and a fifty-two week high of $77.68. The firm has a market cap of $6.12 billion, a PE ratio of 93.18, a P/E/G ratio of 0.97 and a beta of 0.94. The business’s fifty day moving average is $67.34 and its two-hundred day moving average is $52.62. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The company had revenue of $345.76 million for the quarter, compared to analyst estimates of $340.23 million. During the same quarter in the prior year, the company posted $0.33 EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts anticipate that Kodiak Gas Services, Inc. will post 2.35 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Shareholders of record on Monday, May 18th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is currently 264.86%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC increased its holdings in Kodiak Gas Services by 52.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock valued at $40,000 after purchasing an additional 364 shares in the last quarter. State of Wyoming increased its holdings in Kodiak Gas Services by 201.7% in the 4th 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. EverSource Wealth Advisors LLC increased its holdings in Kodiak Gas Services by 1,501.3% in the 2nd 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. GAMMA Investing LLC increased its holdings in Kodiak Gas Services by 80.3% in the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after purchasing an additional 556 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in Kodiak Gas Services by 80.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,449 shares of the company’s stock valued at $54,000 after purchasing an additional 646 shares in the last quarter. 24.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

KGS has been the topic of several research reports. Jefferies Financial Group initiated coverage on Kodiak Gas Services in a research report on Thursday, June 4th. They issued a “buy” rating and a $79.00 target price on the stock. Stifel Nicolaus set a $84.00 target price on Kodiak Gas Services in a research report on Tuesday, May 12th. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada increased their target price on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday, May 18th. Finally, Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $75.22.

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.