Kodiak Gas Services (NYSE:KGS) CEO Acquires $21,749.59 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) CEO Robert Michael Mckee purchased 433 shares of the stock in a transaction that occurred on Friday, February 20th. The stock was bought at an average price of $50.23 per share, with a total value of $21,749.59. Following the completion of the transaction, the chief executive officer owned 187,628 shares of the company’s stock, valued at $9,424,554.44. The trade was a 0.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Kodiak Gas Services Trading Up 1.6%

KGS stock traded up $0.83 during mid-day trading on Tuesday, reaching $51.11. 1,158,974 shares of the stock traded hands, compared to its average volume of 1,598,005. Kodiak Gas Services, Inc. has a one year low of $29.25 and a one year high of $52.70. The stock has a market capitalization of $4.43 billion, a PE ratio of 63.89 and a beta of 1.31. The company has a debt-to-equity ratio of 2.08, a quick ratio of 0.69 and a current ratio of 0.98. The business has a 50-day moving average price of $41.20 and a two-hundred day moving average price of $37.20.

Kodiak Gas Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, February 13th were issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 3.8%. The ex-dividend date was Friday, February 13th. Kodiak Gas Services’s dividend payout ratio is presently 245.00%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on KGS shares. Stifel Nicolaus set a $48.00 target price on Kodiak Gas Services in a research report on Thursday, November 6th. Barclays boosted their price objective on Kodiak Gas Services from $42.00 to $49.00 and gave the company an “overweight” rating in a report on Friday, February 6th. Royal Bank Of Canada upped their price objective on Kodiak Gas Services from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Tuesday, November 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Kodiak Gas Services in a research report on Monday, December 29th. Finally, Wall Street Zen raised shares of Kodiak Gas Services from a “sell” rating to a “hold” rating in a research note on Saturday. Eight equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Institutional Investors Weigh In On Kodiak Gas Services

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in Kodiak Gas Services by 492.8% during the 3rd quarter. Principal Financial Group Inc. now owns 399,041 shares of the company’s stock valued at $14,753,000 after purchasing an additional 331,732 shares during the period. Tyler Stone Wealth Management bought a new position in shares of Kodiak Gas Services during the second quarter valued at approximately $1,068,000. Walleye Capital LLC boosted its stake in shares of Kodiak Gas Services by 385.9% during the second quarter. Walleye Capital LLC now owns 401,983 shares of the company’s stock valued at $13,776,000 after purchasing an additional 319,257 shares in the last quarter. Viking Fund Management LLC increased its holdings in Kodiak Gas Services by 42.7% during the third quarter. Viking Fund Management LLC now owns 127,000 shares of the company’s stock valued at $4,695,000 after buying an additional 38,000 shares during the period. Finally, Rhumbline Advisers raised its stake in Kodiak Gas Services by 126.9% in the third quarter. Rhumbline Advisers now owns 179,160 shares of the company’s stock worth $6,624,000 after buying an additional 100,194 shares in the last quarter. 24.95% of the stock is owned by institutional investors.

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.