16,400 Shares in Kodiak Gas Services, Inc. $KGS Bought by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp purchased a new stake in shares of Kodiak Gas Services, Inc. (NYSE:KGS) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,400 shares of the company’s stock, valued at approximately $1,232,000.

A number of other large investors have also recently bought and sold shares of KGS. Harbor Investment Advisory LLC bought a new stake in shares of Kodiak Gas Services during the 2nd quarter valued at about $76,000. Allworth Financial LP bought a new stake in Kodiak Gas Services in the second quarter worth approximately $80,000. State of Wyoming increased its holdings in Kodiak Gas Services by 201.7% in the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 815 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Kodiak Gas Services by 1,501.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,233 shares of the company’s stock valued at $42,000 after buying an additional 1,156 shares during the period. Finally, Hilltop National Bank acquired a new position in Kodiak Gas Services in the second quarter valued at approximately $102,000. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KGS has been the subject of several recent analyst reports. Zacks Research raised shares of Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group boosted their target price 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. Stifel Nicolaus increased their target price on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, August 11th. Citigroup raised their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Ten research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $78.89.

Kodiak Gas Services Trading Up 2.6%

NYSE KGS opened at $60.45 on Thursday. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. Kodiak Gas Services, Inc. has a 52 week low of $32.55 and a 52 week high of $77.68. The business has a 50 day moving average price of $64.69 and a 200-day moving average price of $62.92. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 71.97, a P/E/G ratio of 0.85 and a beta of 0.97.

Kodiak Gas Services (NYSE:KGS) last issued its earnings results on Thursday, August 6th. The company reported $0.55 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.12). Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The firm had revenue of $391.12 million during the quarter, compared to the consensus estimate of $386.30 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. Kodiak Gas Services’s revenue for the quarter was up 21.2% on a year-over-year basis. As a group, equities analysts expect that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 27th. Stockholders of record on Monday, August 17th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.96 annualized dividend and a dividend yield of 3.2%. Kodiak Gas Services’s payout ratio is presently 233.33%.

Insider Buying and Selling

In other news, CEO Robert Michael Mckee sold 6,008 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $62.39, for a total value of $374,839.12. Following the completion of the sale, the chief executive officer directly owned 298,589 shares of the company’s stock, valued at $18,628,967.71. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO William Chad Lenamon sold 1,000 shares of Kodiak Gas Services stock in a transaction that occurred on Monday, July 13th. The shares were 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 87,294 shares in the company, valued at approximately $5,917,660.26. The trade was a 1.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 19,531 shares of company stock worth $1,296,158 over the last ninety days. Insiders own 0.64% 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.