Kodiak Gas Services (NYSE:KGS) CAO Ewan William Hamilton Sells 5,797 Shares of Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CAO Ewan William Hamilton sold 5,797 shares of the company’s stock in a transaction on Tuesday, March 17th. The shares were sold at an average price of $56.18, for a total transaction of $325,675.46. Following the sale, the chief accounting officer directly owned 34,346 shares in the company, valued at $1,929,558.28. This trade represents a 14.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Ewan William Hamilton also recently made the following trade(s):

• On Monday, March 16th, Ewan William Hamilton sold 2,091 shares of Kodiak Gas Services stock. The stock was sold at an average price of $55.25, for a total value of $115,527.75.
• On Friday, March 13th, Ewan William Hamilton sold 4,830 shares of Kodiak Gas Services stock. The shares were sold at an average price of $54.75, for a total value of $264,442.50.

Kodiak Gas Services Stock Down 0.8%

Shares of Kodiak Gas Services stock opened at $55.56 on Thursday. The stock’s 50-day moving average is $47.60 and its 200 day moving average is $39.60. Kodiak Gas Services, Inc. has a one year low of $29.25 and a one year high of $58.50. The firm has a market cap of $4.77 billion, a price-to-earnings ratio of 63.86 and a beta of 1.11. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.84 and a quick ratio of 0.57.

Kodiak Gas Services (NYSE:KGS) last issued its quarterly earnings results on Wednesday, February 25th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.13). The business had revenue of $332.87 million during the quarter, compared to analyst estimates of $330.95 million. Kodiak Gas Services had a net margin of 6.16% and a return on equity of 11.55%. Kodiak Gas Services’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share. Equities research analysts anticipate that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s payout ratio is presently 225.29%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KGS shares. The Goldman Sachs Group lifted their price target on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Citigroup boosted their target price on Kodiak Gas Services from $53.00 to $63.00 and gave the company a “buy” rating in a research report on Monday, March 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Wall Street Zen raised Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Finally, Barclays boosted their price objective on Kodiak Gas Services from $49.00 to $60.00 and gave the company an “overweight” rating in a report on Thursday, March 5th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $51.86.

Hedge Funds Weigh In On Kodiak Gas Services

Several large investors have recently added to or reduced their stakes in the business. Invesco Ltd. raised its stake in shares of Kodiak Gas Services by 59.9% in the second quarter. Invesco Ltd. now owns 4,869,346 shares of the company’s stock worth $166,872,000 after purchasing an additional 1,824,407 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Kodiak Gas Services by 33.8% during the fourth quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock valued at $230,771,000 after buying an additional 1,559,172 shares during the last quarter. CIBC Private Wealth Group LLC boosted its position in shares of Kodiak Gas Services by 3,046.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,471,663 shares of the company’s stock valued at $55,040,000 after buying an additional 1,424,888 shares during the last quarter. Zimmer Partners LP grew its holdings in Kodiak Gas Services by 45.7% during the fourth quarter. Zimmer Partners LP now owns 4,271,553 shares of the company’s stock worth $159,756,000 after buying an additional 1,339,849 shares in the last quarter. Finally, Eagle Global Advisors LLC purchased a new stake in Kodiak Gas Services in the 4th quarter valued at $39,741,000. Institutional investors own 24.95% of the company’s stock.

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.