Pedro Buhigas Sells 13,942 Shares of Kodiak Gas Services (NYSE:KGS) Stock

Kodiak Gas Services, Inc. (NYSE:KGS) insider Pedro Buhigas sold 13,942 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $55.73, for a total value of $776,987.66. Following the completion of the sale, the insider directly owned 42,723 shares in the company, valued at $2,380,952.79. This represents a 24.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kodiak Gas Services Stock Performance

KGS stock opened at $55.80 on Friday. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 64.14 and a beta of 1.11. The stock’s fifty day moving average is $48.41 and its two-hundred day moving average is $39.89. Kodiak Gas Services, Inc. has a 1 year low of $29.25 and a 1 year high of $58.50. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.57 and a current ratio of 0.84.

Kodiak Gas Services (NYSE:KGS) last posted its earnings results on Wednesday, February 25th. The company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.13). Kodiak Gas Services had a return on equity of 11.55% and a net margin of 6.16%.The firm had revenue of $332.87 million during the quarter, compared to the consensus estimate of $330.95 million. During the same quarter last year, the company posted $0.21 EPS. Kodiak Gas Services’s revenue for the quarter was up 7.6% on a year-over-year basis. On average, research analysts predict that Kodiak Gas Services, Inc. will post 1.12 EPS for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 20th. Stockholders of record on Friday, February 13th were paid a $0.49 dividend. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.96 annualized dividend and a dividend yield of 3.5%. Kodiak Gas Services’s dividend payout ratio is presently 225.29%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Hsbc Holdings PLC purchased a new stake in Kodiak Gas Services in the 4th quarter worth about $788,000. Rockefeller Capital Management L.P. lifted its position in Kodiak Gas Services by 262.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 33,767 shares of the company’s stock worth $1,263,000 after buying an additional 24,459 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Kodiak Gas Services by 20.4% during the 4th quarter. Invesco Ltd. now owns 7,593,274 shares of the company’s stock valued at $283,988,000 after buying an additional 1,287,485 shares during the period. Mercer Global Advisors Inc. ADV boosted its stake in shares of Kodiak Gas Services by 1.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 79,224 shares of the company’s stock valued at $2,963,000 after buying an additional 1,234 shares during the period. Finally, State of Tennessee Department of Treasury grew its stake in Kodiak Gas Services by 134.8% in the fourth quarter. State of Tennessee Department of Treasury now owns 28,736 shares of the company’s stock valued at $1,075,000 after purchasing an additional 16,495 shares in the last quarter. 24.95% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Mizuho boosted their price target on shares of Kodiak Gas Services from $36.00 to $44.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 20th. Weiss Ratings restated a “hold (c)” rating on shares of Kodiak Gas Services in a report on Monday, December 29th. Royal Bank Of Canada raised their target price on Kodiak Gas Services from $45.00 to $64.00 and gave the company an “outperform” rating in a research note on Thursday. Citigroup boosted their target price on shares of Kodiak Gas Services from $53.00 to $63.00 and gave the stock a “buy” rating in a report on Monday, March 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Kodiak Gas Services from $46.00 to $60.00 and gave the company a “buy” rating in a research note on Monday, March 2nd. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.57.

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.