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

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

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 stock was sold at an average price of $67.79, for a total transaction of $67,790.00.

Kodiak Gas Services Stock Up 3.8%

Kodiak Gas Services stock opened at $69.08 on Wednesday. Kodiak Gas Services, Inc. has a fifty-two week low of $30.06 and a fifty-two week high of $77.68. The company has a debt-to-equity ratio of 2.38, a quick ratio of 0.99 and a current ratio of 1.28. The firm’s 50-day simple moving average is $70.34 and its 200 day simple moving average is $57.97. The stock has a market cap of $6.13 billion, a PE ratio of 93.36, a price-to-earnings-growth ratio of 1.04 and a beta of 0.89.

Kodiak Gas Services (NYSE:KGS) last posted its quarterly earnings data on Monday, May 11th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.54 by $0.05. Kodiak Gas Services had a net margin of 5.13% and a return on equity of 13.12%. The firm had revenue of $345.76 million during the quarter, compared to analyst estimates of $340.23 million. During the same quarter last year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 4.9% on a year-over-year basis. Research analysts predict that Kodiak Gas Services, Inc. will post 2.27 EPS for the current fiscal year.

Kodiak Gas Services Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 28th. Investors of record on Monday, May 18th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 18th. Kodiak Gas Services’s dividend payout ratio (DPR) is presently 264.86%.

Institutional Trading of Kodiak Gas Services

Large investors have recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of Kodiak Gas Services by 29.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 901,406 shares of the company’s stock worth $33,713,000 after acquiring an additional 203,809 shares in the last quarter. Westend Capital Management LLC bought a new position in shares of Kodiak Gas Services in the fourth quarter worth $13,585,000. Maven Securities LTD grew its position in shares of Kodiak Gas Services by 694.0% in the fourth quarter. Maven Securities LTD now owns 100,000 shares of the company’s stock valued at $3,740,000 after purchasing an additional 87,406 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Kodiak Gas Services by 40.5% in the fourth quarter. HighTower Advisors LLC now owns 57,699 shares of the company’s stock valued at $2,158,000 after purchasing an additional 16,619 shares in the last quarter. Finally, Argentarii LLC raised its stake in shares of Kodiak Gas Services by 293.7% during the 4th quarter. Argentarii LLC now owns 23,620 shares of the company’s stock valued at $883,000 after purchasing an additional 17,620 shares during the period. 24.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Stifel Nicolaus boosted their price objective on Kodiak Gas Services from $84.00 to $90.00 and gave the stock a “buy” rating in a research report on Tuesday. Zacks Research raised Kodiak Gas Services from a “strong sell” rating to a “hold” rating in a research report on Wednesday, May 6th. Royal Bank Of Canada lifted their target price on Kodiak Gas Services from $64.00 to $84.00 and gave the stock an “outperform” rating in a research note on Monday, May 18th. Wells Fargo & Company started 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, Barclays cut their price target on shares of Kodiak Gas Services from $76.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, July 8th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Kodiak Gas Services presently has an average rating of “Moderate Buy” and a consensus target price of $79.50.

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.