Kodiak Gas Services, Inc. (KGS) To Go Ex-Dividend on August 17th

Kodiak Gas Services, Inc. (NYSE:KGS) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 17th will be given a dividend of 0.49 per share on Thursday, August 27th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Monday, August 17th.

Kodiak Gas Services has a payout ratio of 90.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Kodiak Gas Services to earn $2.97 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 66.0%.

Kodiak Gas Services Stock Up 4.9%

Shares of NYSE KGS opened at $65.43 on Friday. 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 stock has a market capitalization of $6.62 billion, a PE ratio of 77.89, a P/E/G ratio of 0.90 and a beta of 0.97. Kodiak Gas Services has a one year low of $32.55 and a one year high of $77.68. The business’s fifty day moving average price is $65.72 and its 200-day moving average price is $61.71.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.12). The business had revenue of $391.12 million for the quarter, compared to analysts’ expectations of $386.30 million. Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. Kodiak Gas Services’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. On average, equities research analysts anticipate that Kodiak Gas Services will post 2.46 EPS for the current year.

Insider Activity at Kodiak Gas Services

In other Kodiak Gas Services news, insider Pedro R. Buhigas sold 4,625 shares of Kodiak Gas Services stock in a transaction dated 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 sale, the insider owned 38,454 shares of the company’s stock, valued at $2,606,412.12. The trade was a 10.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO William Chad Lenamon sold 1,000 shares of the company’s stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $67.79, for a total value of $67,790.00. Following the completion of the transaction, the chief operating officer owned 87,294 shares of the company’s stock, valued at $5,917,660.26. The trade was a 1.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 13,523 shares of company stock valued at $921,319 over the last ninety days. 0.64% of the stock is currently owned by insiders.

Institutional Trading of Kodiak Gas Services

Several hedge funds and other institutional investors have recently bought and sold shares of KGS. EverSource Wealth Advisors LLC raised its stake in shares of Kodiak Gas Services by 1,501.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock worth $42,000 after acquiring an additional 1,156 shares in 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 acquiring an additional 815 shares during the last quarter. PNC Financial Services Group Inc. increased its stake 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 worth $54,000 after purchasing an additional 646 shares during the period. Harbor Investment Advisory LLC bought a new stake in Kodiak Gas Services in the second quarter valued at approximately $76,000. Finally, Allworth Financial LP purchased a new stake in shares of Kodiak Gas Services during the second quarter valued at approximately $80,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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.