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

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Chad Lenamon sold 1,000 shares of the stock in a transaction on Monday, July 13th. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00. Following the sale, the chief operating officer directly owned 87,294 shares of the company’s stock, valued at $5,917,660.26. The trade was a 1.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

William Chad Lenamon also recently made the following trade(s):

• On Thursday, June 11th, William Chad Lenamon sold 1,000 shares of Kodiak Gas Services stock. The shares were sold at an average price of $67.79, for a total transaction of $67,790.00.

Kodiak Gas Services Price Performance

KGS stock opened at $66.53 on Tuesday. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 89.90, a PEG ratio of 1.05 and a beta of 0.89. The firm’s 50-day moving average price is $70.38 and its two-hundred day moving average price is $57.75. The company has a current ratio of 1.28, a quick ratio of 0.99 and a debt-to-equity ratio of 2.38. Kodiak Gas Services, Inc. has a 12-month low of $30.06 and a 12-month high of $77.68.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Monday, May 11th. The company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. The company had revenue of $345.76 million during the quarter, compared to analyst estimates of $340.23 million. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. Kodiak Gas Services’s revenue for the quarter was up 4.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.33 earnings per share. As a group, equities analysts predict that Kodiak Gas Services, Inc. will post 2.3 earnings per share for the current year.

Kodiak Gas Services Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in KGS. Harbor Investment Advisory LLC purchased a new stake in Kodiak Gas Services in the second quarter worth $76,000. Nisa Investment Advisors LLC raised its holdings in Kodiak Gas Services by 52.1% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,062 shares of the company’s stock worth $40,000 after purchasing an additional 364 shares in the last quarter. State of Wyoming lifted its position in Kodiak Gas Services by 201.7% during the fourth quarter. State of Wyoming now owns 1,219 shares of the company’s stock valued at $46,000 after buying an additional 815 shares during the period. EverSource Wealth Advisors LLC lifted its position in Kodiak Gas Services by 1,501.3% during 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, GAMMA Investing LLC boosted its holdings in shares of Kodiak Gas Services by 80.3% during the 4th quarter. GAMMA Investing LLC now owns 1,248 shares of the company’s stock valued at $47,000 after buying an additional 556 shares in the last quarter. Hedge funds and other institutional investors own 24.95% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on KGS. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research note on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kodiak Gas Services in a research note on Friday, May 29th. Stifel Nicolaus set a $84.00 price target on shares of Kodiak Gas Services in a report on Tuesday, May 12th. Wells Fargo & Company began coverage on shares of Kodiak Gas Services in a report on Wednesday, May 27th. They issued an “overweight” rating and a $93.00 price target on the stock. Finally, Citigroup boosted their price objective on shares of Kodiak Gas Services from $63.00 to $86.00 and gave the company a “buy” rating in a research report on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $78.75.

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.