Millennium Management LLC Sells 27,447 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

Millennium Management LLC reduced its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 15.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 147,310 shares of the oil and gas company's stock after selling 27,447 shares during the period. Millennium Management LLC owned 1.18% of Natural Gas Services Group worth $2,964,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Marshall Wace LLP lifted its position in shares of Natural Gas Services Group by 100.7% during the second quarter. Marshall Wace LLP now owns 77,220 shares of the oil and gas company's stock valued at $1,554,000 after purchasing an additional 38,751 shares in the last quarter. Renaissance Technologies LLC raised its position in Natural Gas Services Group by 5.1% in the second quarter. Renaissance Technologies LLC now owns 399,342 shares of the oil and gas company's stock worth $8,035,000 after acquiring an additional 19,543 shares during the period. Dimensional Fund Advisors LP raised its position in Natural Gas Services Group by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 921,915 shares of the oil and gas company's stock worth $18,548,000 after acquiring an additional 18,001 shares during the period. American Century Companies Inc. raised its position in Natural Gas Services Group by 5.8% in the second quarter. American Century Companies Inc. now owns 127,330 shares of the oil and gas company's stock worth $2,562,000 after acquiring an additional 7,021 shares during the period. Finally, ClariVest Asset Management LLC bought a new stake in Natural Gas Services Group in the second quarter worth about $693,000. 65.62% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on NGS shares. Raymond James started coverage on shares of Natural Gas Services Group in a research report on Wednesday, August 7th. They issued a "strong-buy" rating and a $27.00 price objective on the stock. StockNews.com raised shares of Natural Gas Services Group from a "sell" rating to a "hold" rating in a research report on Friday, August 16th.

Insider Transactions at Natural Gas Services Group

In other news, Director Stephen Charles Taylor sold 4,690 shares of Natural Gas Services Group stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $22.14, for a total value of $103,836.60. Following the completion of the transaction, the director now owns 551,568 shares in the company, valued at $12,211,715.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 6.93% of the company's stock.

Natural Gas Services Group Stock Performance

Shares of NGS traded down $0.14 during trading hours on Tuesday, hitting $20.03. The company's stock had a trading volume of 56,337 shares, compared to its average volume of 68,244. The company has a market cap of $249.11 million, a price-to-earnings ratio of 26.37 and a beta of 1.03. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.34 and a quick ratio of 1.66. The business has a 50 day simple moving average of $20.06 and a two-hundred day simple moving average of $20.90. Natural Gas Services Group, Inc. has a 52-week low of $12.75 and a 52-week high of $25.24.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last posted its earnings results on Wednesday, August 14th. The oil and gas company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.05. The firm had revenue of $38.49 million during the quarter, compared to the consensus estimate of $36.79 million. Natural Gas Services Group had a net margin of 9.25% and a return on equity of 5.53%. During the same quarter last year, the company earned $0.10 earnings per share. On average, equities analysts expect that Natural Gas Services Group, Inc. will post 1.23 earnings per share for the current fiscal year.

About Natural Gas Services Group

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.