State Street Corp Buys 26,069 Shares of Natural Gas Services Group, Inc. (NYSE:NGS)

State Street Corp raised its holdings in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) by 19.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,646 shares of the oil and gas company's stock after buying an additional 26,069 shares during the period. State Street Corp owned about 1.30% of Natural Gas Services Group worth $3,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Bank of New York Mellon Corp purchased a new position in shares of Natural Gas Services Group during the second quarter valued at approximately $788,000. Rhumbline Advisers lifted its stake in Natural Gas Services Group by 2,513.0% during the 2nd quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company's stock valued at $243,000 after acquiring an additional 11,610 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Natural Gas Services Group during the 2nd quarter worth $208,000. ClariVest Asset Management LLC bought a new stake in shares of Natural Gas Services Group in the 2nd quarter worth $693,000. Finally, American Century Companies Inc. raised its holdings in shares of 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 valued at $2,562,000 after purchasing an additional 7,021 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 10,000 shares of the business's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $27.15, for a total value of $271,500.00. Following the sale, the director now directly owns 457,787 shares in the company, valued at $12,428,917.05. The trade was a 2.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders sold 40,892 shares of company stock worth $1,076,633. 7.25% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of Natural Gas Services Group from a "sell" rating to a "hold" rating in a report on Wednesday, November 20th.

Natural Gas Services Group Stock Performance

NYSE:NGS traded down $0.52 during trading on Wednesday, reaching $26.80. The company's stock had a trading volume of 99,878 shares, compared to its average volume of 67,279. Natural Gas Services Group, Inc. has a 12 month low of $13.70 and a 12 month high of $28.50. The firm has a market cap of $334.73 million, a price-to-earnings ratio of 20.94 and a beta of 1.14. The firm has a 50 day moving average of $24.82 and a 200-day moving average of $21.65. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.16 and a current ratio of 1.76.

Natural Gas Services Group Company Profile

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.