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 Kodiak Gas Services stock in a transaction on Monday, July 13th. The stock was sold at an average price of $67.79, for a total transaction of $67,790.00. Following the sale, the chief operating officer directly owned 87,294 shares of the company’s stock, valued at approximately $5,917,660.26. This trade represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

William Chad Lenamon also recently made the following trade(s):

• On Thursday, June 11th, William Chad Lenamon sold 1,000 shares of Kodiak Gas Services stock. The shares were sold at an average price of $67.79, for a total value of $67,790.00.

Kodiak Gas Services Stock Down 2.1%

Shares of NYSE KGS opened at $67.61 on Thursday. The company has a market capitalization of $6.00 billion, a price-to-earnings ratio of 91.37, a price-to-earnings-growth ratio of 1.09 and a beta of 0.89. The company has a debt-to-equity ratio of 2.38, a current ratio of 1.28 and a quick ratio of 0.99. The business has a 50-day moving average of $70.26 and a two-hundred day moving average of $58.19. Kodiak Gas Services, Inc. has a 1 year low of $30.06 and a 1 year high of $77.68.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Monday, May 11th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $345.76 million during the quarter, compared to analysts’ expectations of $340.23 million. During the same period in the prior year, the firm posted $0.33 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, analysts forecast that Kodiak Gas Services, Inc. will post 2.25 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio is 264.86%.

Hedge Funds Weigh In On Kodiak Gas Services

Hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC raised its position 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 during the last quarter. EverSource Wealth Advisors LLC grew its position in Kodiak Gas Services by 1,501.3% during the 2nd 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. State of Wyoming grew its position in Kodiak Gas Services by 201.7% during the 4th quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 815 shares during the last quarter. GAMMA Investing LLC increased its stake in Kodiak Gas Services by 80.3% in the fourth quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after purchasing an additional 556 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake 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 valued at $54,000 after purchasing an additional 646 shares during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on KGS. Wells Fargo & Company assumed coverage on shares of Kodiak Gas Services in a report on Wednesday, May 27th. They set an “overweight” rating and a $93.00 price objective on the stock. Citigroup upped their target price on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Jefferies Financial Group assumed coverage on shares of 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Finally, The Goldman Sachs Group boosted their price target on shares of Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Nine investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $79.50.

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.