Insider Selling: Kodiak Gas Services, Inc. (NYSE:KGS) Insider Sells 3,000 Shares of Stock

Kodiak Gas Services, Inc. (NYSE:KGS) insider Ewan William Hamilton sold 3,000 shares of the stock in a transaction 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 of the company’s stock, valued at $1,284,085.25. The trade was a 8.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Kodiak Gas Services Stock Performance

Shares of NYSE:KGS traded down $0.72 during midday trading on Monday, reaching $39.72. 760,488 shares of the company traded hands, compared to its average volume of 535,147. The firm’s fifty day moving average price is $32.29 and its two-hundred day moving average price is $28.93. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 139.45 and a beta of 0.79. The company has a quick ratio of 0.93, a current ratio of 1.27 and a debt-to-equity ratio of 1.86. Kodiak Gas Services, Inc. has a 12 month low of $17.50 and a 12 month high of $41.25.

Kodiak Gas Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, November 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services’s payout ratio is 565.54%.

Analysts Set New Price Targets

Several research analysts recently weighed in on KGS shares. Stifel Nicolaus boosted their price target on shares of Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Bank of America began coverage on Kodiak Gas Services in a report on Wednesday, September 18th. They issued a “buy” rating and a $30.00 target price for the company. Truist Financial boosted their price objective on Kodiak Gas Services from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Citigroup started coverage on Kodiak Gas Services in a research report on Friday, September 27th. They set a “buy” rating and a $35.00 target price for the company. Finally, Mizuho began coverage on shares of Kodiak Gas Services in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $36.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.64.

Hedge Funds Weigh In On Kodiak Gas Services

Several hedge funds have recently bought and sold shares of KGS. Security National Bank bought a new position in Kodiak Gas Services in the 2nd quarter worth about $39,000. HWG Holdings LP purchased a new stake in Kodiak Gas Services in the second quarter valued at approximately $40,000. nVerses Capital LLC lifted its position in Kodiak Gas Services by 90.9% during the second quarter. nVerses Capital LLC now owns 2,100 shares of the company’s stock valued at $57,000 after purchasing an additional 1,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in Kodiak Gas Services in the 3rd quarter worth approximately $125,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Kodiak Gas Services by 115.1% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,691 shares of the company’s stock worth $155,000 after buying an additional 3,045 shares during the last quarter. 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.