Insider Selling: Kodiak Gas Services, Inc. (NYSE:KGS) Insider Sells $121,350.00 in Stock

Kodiak Gas Services, Inc. (NYSE:KGS) insider Ewan William Hamilton sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $40.45, for a total value of $121,350.00. Following the completion of the sale, the insider now directly owns 31,745 shares in the company, valued at approximately $1,284,085.25. The trade was a 8.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Kodiak Gas Services Stock Performance

NYSE KGS opened at $39.82 on Thursday. The business’s 50-day simple moving average is $32.79 and its 200-day simple moving average is $29.10. The firm has a market capitalization of $3.49 billion, a P/E ratio of 137.31 and a beta of 0.79. Kodiak Gas Services, Inc. has a 1-year low of $17.50 and a 1-year high of $41.25. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.27 and a quick ratio of 0.93.

Kodiak Gas Services Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were paid a dividend of $0.41 per share. The ex-dividend date was Friday, November 1st. This represents a $1.64 annualized dividend and a yield of 4.12%. Kodiak Gas Services’s dividend payout ratio is currently 565.52%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on KGS. Royal Bank of Canada upped their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Bank of America initiated coverage on shares of Kodiak Gas Services in a report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 target price on the stock. Barclays lifted their price target on shares of Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday, October 7th. The Goldman Sachs Group upped their price objective on shares of Kodiak Gas Services from $32.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Mizuho began coverage on shares of Kodiak Gas Services in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 target price for the company. Two analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.82.

Hedge Funds Weigh In On Kodiak Gas Services

A number of hedge funds have recently made changes to their positions in the business. Sei Investments Co. acquired a new stake in Kodiak Gas Services in the 1st quarter valued at $604,000. Quadrature Capital Ltd boosted its holdings in Kodiak Gas Services by 3.4% in the 1st quarter. Quadrature Capital Ltd now owns 27,642 shares of the company’s stock worth $756,000 after acquiring an additional 906 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Kodiak Gas Services in the first quarter valued at approximately $1,046,000. Jacobs Levy Equity Management Inc. acquired a new stake in Kodiak Gas Services in the first quarter valued at approximately $11,544,000. Finally, U.S. Capital Wealth Advisors LLC acquired a new position in shares of Kodiak Gas Services during the second quarter worth $913,000. Hedge funds and other institutional investors own 24.95% of the company’s stock.

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.