Kodiak Gas Services (NYSE:KGS) COO William Chad Lenamon Sells 1,000 Shares of Stock

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Chad Lenamon sold 1,000 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $67.79, for a total value of $67,790.00. Following the sale, the chief operating officer directly owned 90,918 shares of the company’s stock, valued at approximately $6,163,331.22. This represents a 1.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Kodiak Gas Services Stock Performance

KGS opened at $67.27 on Friday. The firm has a market cap of $5.97 billion, a PE ratio of 90.91, a P/E/G ratio of 0.93 and a beta of 0.94. The company has a quick ratio of 0.99, a current ratio of 1.28 and a debt-to-equity ratio of 2.38. The business has a fifty day simple moving average of $67.12 and a 200-day simple moving average of $52.50. Kodiak Gas Services, Inc. has a fifty-two week low of $30.06 and a fifty-two week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last released its quarterly earnings data on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.05. The business had revenue of $345.76 million during the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a return on equity of 13.12% and a net margin of 5.13%.The company’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. As a group, equities analysts predict that Kodiak Gas Services, Inc. will post 2.35 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were paid a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.96 annualized dividend and a dividend yield of 2.9%. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 264.86%.

Institutional Trading of Kodiak Gas Services

Several hedge funds and other institutional investors have recently modified their holdings of KGS. Vanguard Group Inc. boosted its position 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 buying an additional 1,559,172 shares during the period. Invesco Ltd. raised its holdings 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 acquiring an additional 1,436,443 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings 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 worth $55,040,000 after acquiring an additional 1,424,888 shares in the last quarter. Zimmer Partners LP raised its holdings in shares of 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 acquiring an additional 1,339,849 shares in the last quarter. Finally, Eagle Global Advisors LLC purchased a new stake in shares of Kodiak Gas Services during the fourth quarter worth $39,741,000. Institutional investors and hedge funds own 24.95% of the company’s stock.

Analyst Upgrades and Downgrades

KGS has been the subject of several research reports. Barclays raised their price objective on Kodiak Gas Services from $60.00 to $76.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Stifel Nicolaus set a $84.00 target price on Kodiak Gas Services in a research report on Tuesday, May 12th. Jefferies Financial Group started coverage on Kodiak Gas Services in a research report on Thursday, June 4th. They issued a “buy” rating and a $79.00 target price for the company. Citigroup raised their target price on Kodiak Gas Services from $63.00 to $86.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Finally, Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus price target 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.