Eagle Global Advisors LLC Has $14.29 Million Stock Holdings in Kodiak Gas Services, Inc. (NYSE:KGS)

Eagle Global Advisors LLC increased its position in shares of Kodiak Gas Services, Inc. (NYSE:KGS - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 350,000 shares of the company's stock after purchasing an additional 50,000 shares during the quarter. Eagle Global Advisors LLC owned 0.40% of Kodiak Gas Services worth $14,290,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of KGS. Cresset Asset Management LLC purchased a new position in shares of Kodiak Gas Services in the 4th quarter worth $694,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Kodiak Gas Services during the fourth quarter worth about $948,000. Blackstone Inc. acquired a new position in shares of Kodiak Gas Services in the 4th quarter valued at approximately $20,230,000. Captrust Financial Advisors raised its holdings in Kodiak Gas Services by 20.6% in the fourth quarter. Captrust Financial Advisors now owns 15,753 shares of the company's stock valued at $643,000 after acquiring an additional 2,692 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Kodiak Gas Services during the fourth quarter worth about $2,923,000. 24.95% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

KGS has been the topic of a number of recent research reports. Barclays cut their target price on Kodiak Gas Services from $41.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Raymond James reiterated an "outperform" rating on shares of Kodiak Gas Services in a research report on Friday, March 7th. Citigroup boosted their target price on shares of Kodiak Gas Services from $41.00 to $48.00 and gave the company a "buy" rating in a research note on Tuesday, January 14th. Truist Financial raised their price target on shares of Kodiak Gas Services from $45.00 to $47.00 and gave the company a "buy" rating in a research note on Tuesday, March 11th. Finally, Mizuho increased their price objective on Kodiak Gas Services from $47.00 to $55.00 and gave the stock an "outperform" rating in a report on Monday, February 3rd. Two investment 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 $41.45.

Kodiak Gas Services Stock Up 1.4%

KGS traded up $0.52 during trading hours on Monday, hitting $36.18. 131,228 shares of the company's stock were exchanged, compared to its average volume of 816,461. 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 1-year low of $24.84 and a 1-year high of $50.43. The stock's 50-day moving average is $35.16 and its two-hundred day moving average is $39.27. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 124.75 and a beta of 1.59.

Kodiak Gas Services (NYSE:KGS - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. Kodiak Gas Services had a return on equity of 7.91% and a net margin of 2.23%. The company had revenue of $329.64 million during the quarter, compared to the consensus estimate of $328.45 million. During the same quarter in the prior year, the firm posted $0.39 EPS. The firm's revenue for the quarter was up 52.9% compared to the same quarter last year. Sell-side analysts predict that Kodiak Gas Services, Inc. will post 1.12 earnings per share for the current fiscal year.

Kodiak Gas Services Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Monday, May 5th will be given a $0.45 dividend. This is an increase from Kodiak Gas Services's previous quarterly dividend of $0.41. The ex-dividend date is Monday, May 5th. This represents a $1.80 annualized dividend and a dividend yield of 4.98%. Kodiak Gas Services's dividend payout ratio is presently 339.62%.

About Kodiak Gas Services

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.