Kodiak Gas Services (NYSE:KGS) CEO Robert Michael Mckee Sells 5,999 Shares of Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CEO Robert Michael Mckee sold 5,999 shares of the stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $59.31, for a total value of $355,800.69. Following the completion of the transaction, the chief executive officer owned 292,590 shares of the company’s stock, valued at $17,353,512.90. The trade was a 2.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Robert Michael Mckee also recently made the following trade(s):

• On Wednesday, August 19th, Robert Michael Mckee sold 6,008 shares of Kodiak Gas Services stock. The stock was sold at an average price of $62.39, for a total value of $374,839.12.

Kodiak Gas Services Price Performance

Shares of KGS opened at $61.72 on Thursday. Kodiak Gas Services, Inc. has a 12-month low of $32.55 and a 12-month high of $77.68. The business has a 50-day simple moving average of $63.62 and a two-hundred day simple moving average of $63.23. The company has a quick ratio of 1.15, a current ratio of 1.45 and a debt-to-equity ratio of 1.28. The stock has a market cap of $6.24 billion, a PE ratio of 73.48, a PEG ratio of 0.87 and a beta of 0.96.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.12). Kodiak Gas Services had a net margin of 5.77% and a return on equity of 11.92%. 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 posted $0.43 earnings per share. Kodiak Gas Services’s revenue for the quarter was up 21.2% compared to the same quarter last year. Analysts anticipate that Kodiak Gas Services, Inc. will post 2.44 earnings per share for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 27th. Stockholders of record on Monday, August 17th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.96 annualized dividend and a dividend yield of 3.2%. Kodiak Gas Services’s dividend payout ratio is currently 233.33%.

Hedge Funds Weigh In On Kodiak Gas Services

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Kodiak Gas Services in the second quarter worth approximately $1,142,139,000. California State Teachers Retirement System increased its holdings in shares of Kodiak Gas Services by 8,307.7% during the second quarter. California State Teachers Retirement System now owns 8,441,006 shares of the company’s stock valued at $634,173,000 after acquiring an additional 8,340,610 shares in the last quarter. Vanguard Group Inc. increased its holdings 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 acquiring an additional 1,559,172 shares in the last quarter. Bank of America Corp DE acquired a new position in shares of Kodiak Gas Services during the second quarter worth approximately $109,850,000. Finally, Invesco Ltd. raised its position in shares of Kodiak Gas Services by 29.5% during the third quarter. Invesco Ltd. now owns 6,305,789 shares of the company’s stock worth $233,125,000 after purchasing an additional 1,436,443 shares during the period. Institutional investors own 24.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on KGS shares. Stifel Nicolaus boosted their target price on shares of Kodiak Gas Services from $90.00 to $92.00 and gave the stock a “buy” rating in a report on Tuesday, August 11th. Citigroup raised their price target on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research note on Wednesday, May 13th. Barclays cut their price target on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. The Goldman Sachs Group increased their price objective on Kodiak Gas Services from $69.00 to $88.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Piper Sandler started coverage on Kodiak Gas Services in a report on Tuesday, July 28th. They set an “overweight” rating and a $78.00 target price on the stock. Ten analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.89.

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.