Kodiak Gas Services (NYSE:KGS) Insider Sells $313,482.50 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) insider Pedro Buhigas sold 4,625 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $67.78, for a total value of $313,482.50. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kodiak Gas Services Stock Performance

Shares of KGS stock opened at $69.34 on Friday. The company has a market capitalization of $6.16 billion, a price-to-earnings ratio of 93.71, a price-to-earnings-growth ratio of 0.97 and a beta of 0.94. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. Kodiak Gas Services, Inc. has a one year low of $30.06 and a one year high of $77.68. The company’s 50-day moving average is $68.31 and its 200 day moving average is $53.80.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results 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 net margin of 5.13% and a return on equity of 13.12%. 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 previous year, the company earned $0.33 earnings per share. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. Sell-side analysts expect that Kodiak Gas Services, Inc. will post 2.35 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed 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 2.8%. The ex-dividend date was Monday, May 18th. Kodiak Gas Services’s payout ratio is presently 264.86%.

Institutional Investors Weigh In On Kodiak Gas Services

A number of hedge funds have recently added to or reduced their stakes in KGS. Invesco Ltd. lifted its holdings in shares of Kodiak Gas Services by 20.4% during the 4th quarter. Invesco Ltd. now owns 7,593,274 shares of the company’s stock valued at $283,988,000 after buying an additional 1,287,485 shares during the period. Vanguard Group Inc. grew its holdings in shares of Kodiak Gas Services by 33.8% in the fourth quarter. Vanguard Group Inc. now owns 6,170,360 shares of the company’s stock worth $230,771,000 after acquiring an additional 1,559,172 shares during the period. Zimmer Partners LP increased its position 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 valued at $159,756,000 after acquiring an additional 1,339,849 shares during the last quarter. State Street Corp increased its position in Kodiak Gas Services by 31.8% during the fourth quarter. State Street Corp now owns 3,340,008 shares of the company’s stock valued at $124,916,000 after acquiring an additional 806,191 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Kodiak Gas Services by 4.6% during 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. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on KGS. Wall Street Zen upgraded Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Royal Bank Of Canada upped their price target on Kodiak Gas Services from $64.00 to $84.00 and gave the company an “outperform” rating in a report on Monday, May 18th. Stifel Nicolaus set a $84.00 price objective on Kodiak Gas Services in a report on Tuesday, May 12th. Finally, Barclays boosted their target price on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and a consensus target price 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.