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

Kodiak Gas Services, Inc. (NYSE:KGS) COO William Lenamon sold 1,000 shares of the firm’s stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $44.20, for a total value of $44,200.00. Following the transaction, the chief operating officer directly owned 83,294 shares in the company, valued at $3,681,594.80. This trade represents a 1.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

William Chad Lenamon also recently made the following trade(s):

• On Monday, October 12th, William Lenamon sold 1,000 shares of Kodiak Gas Services stock. The shares were sold at an average price of $53.25, for a total transaction of $53,250.00.
• On Friday, September 11th, William Lenamon sold 1,000 shares of Kodiak Gas Services stock. The stock was sold at an average price of $63.21, for a total transaction of $63,210.00.

Kodiak Gas Services Price Performance

KGS stock traded up $0.23 during trading on Friday, hitting $44.63. The company had a trading volume of 2,155,222 shares, compared to its average volume of 2,249,255. The business has a 50 day moving average of $51.26 and a 200 day moving average of $59.18. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 26.10, a P/E/G ratio of 0.72 and a beta of 1.07. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 1.28. Kodiak Gas Services, Inc. has a fifty-two week low of $32.55 and a fifty-two week high of $77.68.

Kodiak Gas Services (NYSE:KGS) last released its earnings results on Monday, November 9th. The company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.62 by $0.08. The firm had revenue of $401.79 million for the quarter, compared to analysts’ expectations of $387.50 million. Kodiak Gas Services had a net margin of 11.28% and a return on equity of 12.62%. Kodiak Gas Services’s quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the company earned $0.36 EPS. As a group, research analysts predict that Kodiak Gas Services, Inc. will post 2.47 earnings per share for the current year.

Kodiak Gas Services Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 4.6%. This is an increase from Kodiak Gas Services’s previous quarterly dividend of $0.49. Kodiak Gas Services’s dividend payout ratio (DPR) is currently 114.62%.

Analysts Set New Price Targets

A number of research analysts recently commented on KGS shares. Barclays lowered their price objective on shares of Kodiak Gas Services from $72.00 to $67.00 and set an “overweight” rating on the stock in a research note on Monday, October 5th. Weiss Ratings restated a “hold (c+)” rating on shares of Kodiak Gas Services in a research report on Wednesday, August 26th. Citigroup decreased their price target on Kodiak Gas Services from $82.00 to $75.00 and set a “buy” rating for the company in a research note on Thursday. Piper Sandler began coverage on Kodiak Gas Services in a research note on Tuesday, July 28th. They set an “overweight” rating and a $78.00 price target for the company. Finally, Jefferies Financial Group lowered their price target on Kodiak Gas Services from $53.00 to $52.00 and set a “buy” rating on the stock in a research report on Tuesday. Fourteen equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $73.67.

Institutional Investors Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Kodiak Gas Services in the 2nd quarter worth approximately $1,142,139,000. Wellington Management Group LLP raised its holdings in shares of Kodiak Gas Services by 85.0% in the 2nd quarter. Wellington Management Group LLP now owns 2,432,174 shares of the company’s stock worth $182,729,000 after purchasing an additional 1,117,743 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Kodiak Gas Services by 4.6% during the first quarter. Dimensional Fund Advisors LP now owns 3,105,555 shares of the company’s stock valued at $181,108,000 after purchasing an additional 135,998 shares during the last quarter. Bank of America Corp DE acquired a new stake in Kodiak Gas Services during the second quarter valued at approximately $109,850,000. Finally, Kayne Anderson Capital Advisors LP acquired a new stake in Kodiak Gas Services during the second quarter valued at approximately $84,821,000. 24.95% of the stock is currently owned by institutional investors.

Top Kodiak Gas Services Stories

These are some of the KGS stories that stood out recently:

• Positive Sentiment: Three directors bought shares: Alexander Darden acquired 10,000 shares for about $449,900, while Gretchen Lynn Holloway and Margaret Montana bought 1,145 and 1,000 shares, respectively. The purchases may signal confidence in Kodiak. Darden SEC filing Holloway SEC filing
• Positive Sentiment: Kodiak raised its quarterly dividend to $0.51 from $0.49, a potential positive for income-focused investors. Company news and filings
• Negative Sentiment: COO William Lenamon sold 1,000 shares for $44,200, a 1.19% reduction in his holdings. The sale was modest relative to his remaining position. Lenamon SEC filing

About Kodiak Gas Services

Kodiak Gas Services provides contract natural gas compression services to energy companies in the United States. Its equipment helps move natural gas from production sites through gathering and processing systems and into pipelines. The company supplies, installs, operates and maintains compression equipment, including large-horsepower compressor units. Its services support natural gas production and transportation across major U.S. oil and gas regions. Based in The Woodlands, Texas, Kodiak became a publicly traded company in 2023.