JPMorgan Chase & Co. raised its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS – Free Report) by 76.5% in the third quarter, HoldingsChannel reports. The firm 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.’s holdings in Natural Gas Services Group were worth $660,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GSA Capital Partners LLP raised its position in shares of Natural Gas Services Group by 3.2% during the 3rd quarter. GSA Capital Partners LLP now owns 18,070 shares of the oil and gas company’s stock worth $345,000 after buying an additional 557 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Natural Gas Services Group by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 31,148 shares of the oil and gas company’s stock worth $595,000 after buying an additional 1,485 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Natural Gas Services Group by 54.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock worth $165,000 after buying an additional 3,056 shares in the last quarter. MetLife Investment Management LLC raised its position in Natural Gas Services Group by 129.1% in the third 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 in the last quarter. Finally, Empowered Funds LLC raised its holdings in shares of Natural Gas Services Group by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 88,857 shares of the oil and gas company’s stock worth $1,698,000 after purchasing an additional 4,422 shares in the last quarter. 65.62% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Natural Gas Services Group
In related news, Director Stephen Charles Taylor sold 19,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $28.80, for a total transaction of $558,720.00. Following the transaction, the director now directly owns 438,387 shares of the company’s stock, valued at approximately $12,625,545.60. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 60,292 shares of company stock valued at $1,635,353 over the last ninety days. Corporate insiders own 7.25% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on NGS
Natural Gas Services Group Stock Performance
Natural Gas Services Group stock opened at $26.39 on Tuesday. The firm’s 50 day simple moving average is $26.83 and its 200-day simple moving average is $22.70. The company has a market cap of $329.66 million, a P/E ratio of 20.62 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16. Natural Gas Services Group, Inc. has a fifty-two week low of $14.09 and a fifty-two week high of $29.74.
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.
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