Natural Gas Services Group, Inc. (NYSE:NGS) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its holdings in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 76.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 about 0.28% of Natural Gas Services Group worth $660,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NGS. MetLife Investment Management LLC raised its position in shares of 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 valued at $121,000 after buying an additional 3,564 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Natural Gas Services Group by 54.7% in the third quarter. BNP Paribas Financial Markets now owns 8,647 shares of the oil and gas company’s stock valued at $165,000 after buying an additional 3,056 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Natural Gas Services Group in the 3rd quarter valued at $261,000. PDT Partners LLC grew its position in Natural Gas Services Group by 64.3% during the third quarter. PDT Partners LLC now owns 16,784 shares of the oil and gas company’s stock valued at $321,000 after acquiring an additional 6,567 shares during the period. Finally, Barclays PLC grew its holdings in shares of Natural Gas Services Group by 47.5% during the 3rd quarter. Barclays PLC now owns 17,301 shares of the oil and gas company’s stock worth $331,000 after purchasing an additional 5,575 shares during the period. Institutional investors and hedge funds own 65.62% of the company’s stock.

Natural Gas Services Group Price Performance

Shares of NGS stock opened at $26.39 on Tuesday. Natural Gas Services Group, Inc. has a twelve month low of $14.09 and a twelve month high of $29.74. The company has a market capitalization of $329.66 million, a PE ratio of 20.62 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. The firm has a fifty day simple moving average of $26.83 and a 200-day simple moving average of $22.70.

Insider Transactions at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 3,096 shares of Natural Gas Services Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $24.50, for a total value of $75,852.00. Following the completion of the transaction, the director now directly owns 545,291 shares in the company, valued at approximately $13,359,629.50. This trade represents a 0.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have sold 60,292 shares of company stock valued at $1,635,353. 7.25% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

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 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.