Charles Schwab Investment Management Inc. Decreases Holdings in Natural Gas Services Group, Inc. (NYSE:NGS)

Charles Schwab Investment Management Inc. reduced its stake in Natural Gas Services Group, Inc. (NYSE:NGS) by 4.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 29,886 shares of the oil and gas company’s stock after selling 1,262 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.24% of Natural Gas Services Group worth $801,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its stake in Natural Gas Services Group by 76.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 34,548 shares of the oil and gas company’s stock valued at $660,000 after acquiring an additional 14,974 shares during the period. Rhumbline Advisers raised its position in shares of Natural Gas Services Group by 195.2% in the fourth quarter. Rhumbline Advisers now owns 31,362 shares of the oil and gas company’s stock valued at $840,000 after purchasing an additional 20,738 shares during the period. Barclays PLC lifted its stake 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 valued at $331,000 after buying an additional 5,575 shares in the last quarter. State Street Corp boosted its holdings in Natural Gas Services Group by 19.1% in the 3rd quarter. State Street Corp now owns 162,646 shares of the oil and gas company’s stock worth $3,108,000 after buying an additional 26,069 shares during the period. Finally, Inspire Investing LLC purchased a new position in Natural Gas Services Group in the 4th quarter valued at approximately $890,000. Institutional investors own 65.62% of the company’s stock.

Insider Activity

In related news, Director Stephen Charles Taylor sold 19,400 shares of Natural Gas Services Group stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total value of $558,720.00. Following the completion of the sale, the director now owns 438,387 shares of the company’s stock, valued at $12,625,545.60. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 7.25% of the company’s stock.

Natural Gas Services Group Price Performance

Shares of Natural Gas Services Group stock opened at $21.73 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65. The firm has a market cap of $271.83 million, a PE ratio of 16.98 and a beta of 1.13. Natural Gas Services Group, Inc. has a 12-month low of $16.70 and a 12-month high of $29.74. The company’s fifty day simple moving average is $25.06 and its two-hundred day simple moving average is $24.05.

Natural Gas Services Group (NYSE:NGS) last posted its earnings results on Monday, March 17th. The oil and gas company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. The firm had revenue of $40.66 million for the quarter, compared to the consensus estimate of $40.84 million. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%. During the same quarter in the prior year, the business earned $0.14 EPS. As a group, equities analysts expect that Natural Gas Services Group, Inc. will post 1.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on NGS. StockNews.com upgraded shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 26th. Raymond James reiterated a “strong-buy” rating and issued a $32.00 target price (down from $33.00) on shares of Natural Gas Services Group in a research note on Wednesday, March 19th.

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.