JPMorgan Chase & Co. grew its stake in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 76.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,548 shares of the oil and gas company's stock after acquiring an additional 14,974 shares during the period. JPMorgan Chase & Co. owned 0.28% of Natural Gas Services Group worth $660,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of NGS. GSA Capital Partners LLP grew its position in shares of Natural Gas Services Group by 3.2% in the 3rd quarter. GSA Capital Partners LLP now owns 18,070 shares of the oil and gas company's stock valued at $345,000 after acquiring an additional 557 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Natural Gas Services Group by 5.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,148 shares of the oil and gas company's stock valued at $595,000 after purchasing an additional 1,485 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Natural Gas Services Group by 54.7% during the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company's stock worth $165,000 after purchasing an additional 3,056 shares during the period. MetLife Investment Management LLC boosted its stake in shares of Natural Gas Services Group by 129.1% during the 3rd quarter. MetLife Investment Management LLC now owns 6,325 shares of the oil and gas company's stock worth $121,000 after acquiring an additional 3,564 shares during the period. Finally, Empowered Funds LLC increased its holdings in shares of Natural Gas Services Group by 5.2% during the 3rd quarter. Empowered Funds LLC now owns 88,857 shares of the oil and gas company's stock worth $1,698,000 after acquiring an additional 4,422 shares during the last quarter. Institutional investors and hedge funds own 65.62% of the company's stock.
Insider Buying and Selling
In other news, Director Stephen Charles Taylor sold 19,400 shares of Natural Gas Services Group stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total value of $558,720.00. Following the transaction, the director now owns 438,387 shares in the company, valued at approximately $12,625,545.60. This trade represents a 4.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold 60,292 shares of company stock valued at $1,635,353 over the last quarter. 7.25% of the stock is owned by company insiders.
Natural Gas Services Group Stock Performance
NYSE NGS traded down $0.62 during trading on Friday, reaching $26.23. The company's stock had a trading volume of 50,896 shares, compared to its average volume of 100,888. Natural Gas Services Group, Inc. has a 12 month low of $14.09 and a 12 month high of $29.74. The firm has a 50 day moving average price of $26.86 and a 200 day moving average price of $22.80. The firm has a market capitalization of $327.60 million, a price-to-earnings ratio of 20.52 and a beta of 1.14. The company has a current ratio of 1.76, a quick ratio of 1.16 and a debt-to-equity ratio of 0.65.
Analyst Upgrades and Downgrades
Separately, StockNews.com upgraded shares of Natural Gas Services Group from a "sell" rating to a "hold" rating in a research report on Wednesday, November 20th.
Read Our Latest Stock Report on Natural Gas Services Group
Natural Gas Services Group Profile
(
Free Report)
Natural Gas Services Group, Inc provides natural gas compression equipment and services to the energy industry in the United States. It engineers and fabricates, operates, rents, and maintains natural gas compressors for oil and natural gas production and plant facilities. It also designs, fabricates, and assembles compressor units for rental or sale; and designs, manufactures, and sells a line of reciprocating natural gas compressor frames, cylinders, and parts.
Further Reading
Before you consider Natural Gas Services Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Natural Gas Services Group wasn't on the list.
While Natural Gas Services Group currently has a "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
