Robert Michael Mckee Acquires 433 Shares of Kodiak Gas Services (NYSE:KGS) Stock

Key Points

  • CEO insider purchase: Kodiak CEO Robert Michael McKee bought 433 shares on Feb. 20 at an average price of $50.23 (total $21,749.59), bringing his stake to 187,628 shares—an ownership increase of 0.23% valued at about $9.42 million.
  • Dividend risk: Kodiak paid a $0.49 quarterly dividend (annualized $1.96) for a 3.8% yield, but the payout ratio is a high 245%, suggesting the dividend may not be well covered by earnings.
  • Analyst and institutional activity: The consensus rating is a "Moderate Buy" with a $47 target (below the recent $51.11 price), while institutions have been increasing positions—most notably Goldman Sachs, which added 730,180 shares to hold about 1.98 million shares.

Kodiak Gas Services, Inc. (NYSE:KGS - Get Free Report) CEO Robert Michael Mckee bought 433 shares of the business's stock in a transaction on Friday, February 20th. The stock was purchased at an average cost of $50.23 per share, for a total transaction of $21,749.59. Following the transaction, the chief executive officer owned 187,628 shares of the company's stock, valued at $9,424,554.44. This trade represents a 0.23% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kodiak Gas Services Trading Up 1.6%

KGS opened at $51.11 on Wednesday. Kodiak Gas Services, Inc. has a 52 week low of $29.25 and a 52 week high of $52.70. The company has a quick ratio of 0.69, a current ratio of 0.98 and a debt-to-equity ratio of 2.08. The business has a fifty day simple moving average of $41.51 and a 200-day simple moving average of $37.33. The firm has a market cap of $4.43 billion, a P/E ratio of 63.89 and a beta of 1.31.

Kodiak Gas Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 20th. Shareholders of record on Friday, February 13th were given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Friday, February 13th. Kodiak Gas Services's payout ratio is currently 245.00%.

Wall Street Analysts Forecast Growth




Several research firms have recently commented on KGS. Wall Street Zen raised shares of Kodiak Gas Services from a "sell" rating to a "hold" rating in a research note on Saturday. Royal Bank Of Canada boosted their price target on shares of Kodiak Gas Services from $43.00 to $45.00 and gave the stock an "outperform" rating in a report on Tuesday, November 18th. Stifel Nicolaus set a $48.00 price objective on shares of Kodiak Gas Services in a report on Thursday, November 6th. Zacks Research cut shares of Kodiak Gas Services from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, November 12th. Finally, William Blair started coverage on Kodiak Gas Services in a report on Tuesday, November 18th. They issued an "outperform" rating on the stock. Eight investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.00.

Get Our Latest Stock Analysis on KGS

Institutional Investors Weigh In On Kodiak Gas Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in Kodiak Gas Services by 67.5% in the first quarter. Royal Bank of Canada now owns 10,235 shares of the company's stock valued at $382,000 after acquiring an additional 4,126 shares during the last quarter. AQR Capital Management LLC grew its stake in Kodiak Gas Services by 64.9% during the 1st quarter. AQR Capital Management LLC now owns 21,261 shares of the company's stock worth $793,000 after buying an additional 8,369 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Kodiak Gas Services by 44.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,814 shares of the company's stock worth $1,000,000 after buying an additional 8,297 shares during the period. Goldman Sachs Group Inc. increased its position in Kodiak Gas Services by 58.3% during the first quarter. Goldman Sachs Group Inc. now owns 1,983,360 shares of the company's stock worth $73,979,000 after buying an additional 730,180 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in Kodiak Gas Services by 102.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 95,108 shares of the company's stock valued at $3,548,000 after buying an additional 48,122 shares during the last quarter. 24.95% of the stock is currently owned by institutional investors and hedge funds.

Kodiak Gas Services Company Profile

(Get Free Report)

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. The Other Services segment provides a range of contract services, including station construction, maintenance and overhaul, and other ancillary time and material-based offerings.

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