Natural Gas Services Group, Inc. (NYSE:NGS) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC trimmed its holdings in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 0.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 227,837 shares of the oil and gas company’s stock after selling 955 shares during the quarter. Geode Capital Management LLC owned approximately 1.83% of Natural Gas Services Group worth $4,355,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. ClariVest Asset Management LLC purchased a new stake in Natural Gas Services Group in the 2nd quarter worth $693,000. Bank of New York Mellon Corp purchased a new stake in shares of Natural Gas Services Group during the second quarter worth about $788,000. State Street Corp raised its position in shares of Natural Gas Services Group by 19.1% during the 3rd quarter. State Street Corp now owns 162,646 shares of the oil and gas company’s stock worth $3,108,000 after purchasing an additional 26,069 shares during the last quarter. Barclays PLC lifted its stake in Natural Gas Services Group by 47.5% in the 3rd quarter. Barclays PLC now owns 17,301 shares of the oil and gas company’s stock valued at $331,000 after buying an additional 5,575 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings 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 worth $595,000 after buying an additional 1,485 shares during the last quarter. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Price Performance

Shares of NYSE NGS opened at $27.74 on Monday. The stock has a market capitalization of $346.47 million, a price-to-earnings ratio of 21.67 and a beta of 1.14. Natural Gas Services Group, Inc. has a 52 week low of $13.70 and a 52 week high of $28.50. The firm has a 50-day simple moving average of $25.13 and a 200-day simple moving average of $21.77. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65.

Insider Buying and Selling at Natural Gas Services Group

In other Natural Gas Services Group news, Director Stephen Charles Taylor sold 10,042 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $25.01, for a total value of $251,150.42. Following the completion of the sale, the director now directly owns 528,345 shares in the company, valued at $13,213,908.45. This represents a 1.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 40,892 shares of company stock worth $1,076,633. Insiders own 7.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

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.