Ewan William Hamilton Sells 3,000 Shares of Kodiak Gas Services, Inc. (NYSE:KGS) Stock

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

Kodiak Gas Services Price Performance

NYSE:KGS opened at $39.89 on Wednesday. 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 52 week low of $17.50 and a 52 week high of $41.25. The stock’s 50-day moving average price is $32.55 and its 200-day moving average price is $29.01. The stock has a market capitalization of $3.49 billion, a PE ratio of 137.54 and a beta of 0.79.

Kodiak Gas Services Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Friday, November 1st were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.11%. The ex-dividend date was Friday, November 1st. Kodiak Gas Services’s payout ratio is currently 565.54%.

Analyst Ratings Changes

Several research firms have recently commented on KGS. 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 report on Tuesday. Raymond James boosted their target price on shares of Kodiak Gas Services from $35.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Barclays increased their price target on Kodiak Gas Services from $29.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Monday, October 7th. Redburn Atlantic assumed coverage on Kodiak Gas Services in a report on Thursday, September 19th. They issued a “buy” rating and a $35.00 price objective for the company. Finally, Stifel Nicolaus upped their target price on Kodiak Gas Services from $31.00 to $35.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, Kodiak Gas Services currently has an average rating of “Moderate Buy” and an average target price of $35.82.

Institutional Trading of Kodiak Gas Services

Institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC lifted its position in shares of Kodiak Gas Services by 444.4% during the 3rd quarter. FMR LLC now owns 4,889,804 shares of the company’s stock valued at $141,804,000 after buying an additional 3,991,630 shares in the last quarter. Zimmer Partners LP raised its position in Kodiak Gas Services by 313.0% during the third quarter. Zimmer Partners LP now owns 1,779,851 shares of the company’s stock worth $51,616,000 after acquiring an additional 1,348,899 shares during the period. Wellington Management Group LLP purchased a new position in Kodiak Gas Services during the third quarter valued at $44,558,000. HITE Hedge Asset Management LLC lifted its holdings in Kodiak Gas Services by 74.8% during the second quarter. HITE Hedge Asset Management LLC now owns 780,600 shares of the company’s stock valued at $21,279,000 after purchasing an additional 334,086 shares in the last quarter. Finally, State Street Corp grew its position in shares of Kodiak Gas Services by 8.7% in the third quarter. State Street Corp now owns 678,925 shares of the company’s stock valued at $19,689,000 after purchasing an additional 54,202 shares during the period. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

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.