Kodiak Gas Services (NYSE:KGS) Stock: Insider Robert Michael Mckee Sells 2,666 Shares

Key Points

• CEO Robert McKee sold 2,666 Kodiak Gas Services shares at an average price of $53.95, generating $143,830.70; he retained 289,924 shares worth approximately $15.6 million.
• KGS shares rose 4.1% to $55.78 during Tuesday trading, while the company’s latest quarterly revenue increased 21.2% year over year to $391.12 million but EPS of $0.55 fell short of estimates.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $78.33, despite several recent target-price reductions.

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) CEO Robert McKee sold 2,666 shares of the business's stock in a transaction on Monday, October 5th. The stock was sold at an average price of $53.95, for a total value of $143,830.70. Following the completion of the transaction, the chief executive officer directly owned 289,924 shares of the company's stock, valued at approximately $15,641,399.80. This trade represents a 0.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Robert Michael Mckee also recently made the following trade(s):

• 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 stock was sold at an average price of $62.39, for a total value of $374,839.12.

Kodiak Gas Services Trading Up 4.1%

KGS traded up $2.22 during midday trading on Tuesday, hitting $55.78. The company's stock had a trading volume of 1,474,330 shares, compared to its average volume of 1,710,870. Kodiak Gas Services, Inc. has a 52-week low of $32.55 and a 52-week high of $77.68. The firm has a 50-day moving average price of $58.82 and a two-hundred day moving average price of $63.80. The firm has a market cap of $5.66 billion, a P/E ratio of 66.41 and a beta of 1.01. The company has a current ratio of 1.45, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.55 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.12). The company had revenue of $391.12 million for the quarter, compared to analyst estimates of $386.30 million. Kodiak Gas Services had a return on equity of 11.92% and a net margin of 5.77%.The business's revenue for the quarter was up 21.2% on a year-over-year basis. During the same period last year, the company posted $0.43 EPS. On average, research analysts anticipate that Kodiak Gas Services, Inc. will post 2.46 earnings per share for the current year.

Kodiak Gas Services Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 27th. Investors of record on Monday, August 17th were given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, August 17th. Kodiak Gas Services's dividend payout ratio is 233.33%.

Hedge Funds Weigh In On Kodiak Gas Services

A number of hedge funds and other institutional investors have recently bought and sold shares of KGS. Advisors Preferred LLC acquired a new stake in shares of Kodiak Gas Services in the 2nd quarter worth about $1,986,000. Hsbc Holdings PLC acquired a new position in Kodiak Gas Services during the 2nd quarter valued at about $2,486,000. Crown Advisors Management Inc. acquired a new position in Kodiak Gas Services during the 2nd quarter valued at about $4,508,000. Dimensional Fund Advisors LP grew its position in Kodiak Gas Services by 4.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company's stock worth $181,108,000 after purchasing an additional 135,998 shares during the last quarter. Finally, Maven Securities LTD grew its position in Kodiak Gas Services by 694.0% in the 4th quarter. Maven Securities LTD now owns 100,000 shares of the company's stock worth $3,740,000 after purchasing an additional 87,406 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KGS shares. Jefferies Financial Group lowered their target price on Kodiak Gas Services from $79.00 to $69.00 and set a "buy" rating for the company in a research note on Monday, August 10th. Royal Bank Of Canada increased their price objective on shares of Kodiak Gas Services from $84.00 to $88.00 and gave the company an "outperform" rating in a research note on Thursday, August 13th. Barclays decreased their price objective on shares of Kodiak Gas Services from $72.00 to $67.00 and set an "overweight" rating for the company in a report on Monday. Weiss Ratings restated a "hold (c+)" rating on shares of Kodiak Gas Services in a research note on Wednesday, August 26th. Finally, Piper Sandler initiated 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 target on the stock. Ten investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $78.33.

About Kodiak Gas Services

Kodiak Gas Services, Inc NYSE: KGS provides contract natural gas compression services in the United States. The company helps oil and gas producers and midstream operators move natural gas through gathering systems, processing facilities, pipelines and other infrastructure by supplying and operating compression equipment.

Its services include the design, installation, commissioning, operation, maintenance and relocation of natural gas compression systems. Kodiak owns and manages a fleet of compressors that can be deployed for a range of applications, including gathering, processing, storage and transmission.

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