Kodiak Gas Services, Inc. (NYSE:KGS – Get Free Report) CEO Robert McKee sold 2,666 shares of the firm’s stock in a transaction dated Tuesday, November 3rd. The shares were sold at an average price of $45.55, for a total value of $121,436.30. Following the sale, the chief executive officer owned 287,258 shares in the company, valued at $13,084,601.90. This trade represents a 0.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Robert Michael Mckee also recently made the following trade(s):
- On Monday, October 5th, Robert McKee sold 2,666 shares of Kodiak Gas Services stock. The shares were sold at an average price of $53.95, for a total value of $143,830.70.
- On Tuesday, September 1st, Robert McKee sold 5,999 shares of Kodiak Gas Services stock. The stock was sold at an average price of $59.31, for a total transaction of $355,800.69.
- On Wednesday, August 19th, Robert McKee sold 6,008 shares of Kodiak Gas Services stock. The shares were sold at an average price of $62.39, for a total value of $374,839.12.
Kodiak Gas Services Stock Performance
KGS opened at $41.70 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 1.15 and a current ratio of 1.45. The firm has a market cap of $4.23 billion, a P/E ratio of 23.40 and a beta of 1.07. The business’s fifty day moving average is $52.86 and its 200-day moving average is $59.09. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week high of $77.68.
Kodiak Gas Services (NYSE:KGS – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.55 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the company posted $0.43 EPS. The company’s revenue for the quarter was up 21.2% compared to the same quarter last year. Sell-side analysts expect that Kodiak Gas Services, Inc. will post 2.43 EPS for the current fiscal year.
Kodiak Gas Services Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.9%. This is a boost from Kodiak Gas Services’s previous quarterly dividend of $0.49. The ex-dividend date is Monday, November 16th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 233.33%.
Institutional Investors Weigh In On Kodiak Gas Services
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in Kodiak Gas Services during the 2nd quarter valued at $1,142,139,000. Bank of America Corp DE acquired a new stake in Kodiak Gas Services during the 2nd quarter worth about $109,850,000. Kayne Anderson Capital Advisors LP bought a new position in shares of Kodiak Gas Services during the 2nd quarter worth approximately $84,821,000. Wellington Management Group LLP increased its holdings in shares of Kodiak Gas Services by 85.0% in the second quarter. Wellington Management Group LLP now owns 2,432,174 shares of the company’s stock worth $182,729,000 after purchasing an additional 1,117,743 shares during the period. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Kodiak Gas Services during the second quarter worth about $73,623,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.
Analyst Ratings Changes
KGS has been the topic of a number of recent research reports. UBS Group restated a “buy” rating on shares of Kodiak Gas Services in a research report on Friday, October 16th. Piper Sandler started coverage on shares of Kodiak Gas Services in a research report on Tuesday, July 28th. They set an “overweight” rating and a $78.00 price objective for the company. Zacks Research lowered Kodiak Gas Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 27th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $53.00 price target on shares of Kodiak Gas Services in a report on Friday. Finally, JPMorgan Chase & Co. cut their price objective on shares of Kodiak Gas Services from $79.00 to $78.00 and set an “overweight” rating for the company in a research report on Thursday, October 8th. Thirteen analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.09.
Get Our Latest Report on Kodiak Gas Services
Kodiak Gas Services Company Profile
Kodiak Gas Services, Inc (NYSE: KGS) provides contract compression and related infrastructure services to the North American oil and gas industry. The company helps producers and midstream operators move natural gas through gathering systems, processing facilities and pipelines by supplying compression equipment and operating it under long-term service arrangements.
Its services include the design, installation, operation and maintenance of natural gas compression systems. Kodiak owns and manages a fleet of compression units that can be deployed across a range of applications, including natural gas gathering and processing.
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