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

Charles Schwab Investment Management Inc. lessened its holdings in Natural Gas Services Group, Inc. (NYSE:NGS) by 4.1% in the 4th quarter, Holdings Channel.com reports. The firm 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.’s holdings in Natural Gas Services Group were worth $801,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NGS. Dynamic Technology Lab Private Ltd acquired a new position in shares of Natural Gas Services Group during the third quarter worth $261,000. BNP Paribas Financial Markets grew its stake in 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 during the last quarter. MetLife Investment Management LLC increased its position in Natural Gas Services Group by 129.1% during the 3rd 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 in the last quarter. PDT Partners LLC raised its stake in Natural Gas Services Group by 64.3% in the third quarter. PDT Partners LLC now owns 16,784 shares of the oil and gas company’s stock valued at $321,000 after buying an additional 6,567 shares during the last quarter. Finally, State Street Corp boosted its holdings in Natural Gas Services Group by 19.1% in the third quarter. State Street Corp now owns 162,646 shares of the oil and gas company’s stock worth $3,108,000 after acquiring an additional 26,069 shares in the last quarter. 65.62% of the stock is currently owned by institutional investors.

Natural Gas Services Group Trading Down 1.9 %

Shares of NGS opened at $21.73 on Monday. Natural Gas Services Group, Inc. has a 52-week low of $16.70 and a 52-week high of $29.74. The stock has a market cap of $271.83 million, a PE ratio of 16.98 and a beta of 1.13. The firm’s fifty day moving average is $25.06 and its two-hundred day moving average is $24.05. The company has a quick ratio of 1.16, a current ratio of 1.76 and a debt-to-equity ratio of 0.65.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Monday, March 17th. The oil and gas company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02. Natural Gas Services Group had a return on equity of 6.60% and a net margin of 10.55%. The company had revenue of $40.66 million during the quarter, compared to analyst estimates of $40.84 million. During the same period in the prior year, the business posted $0.14 earnings per share. Research analysts forecast that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NGS has been the topic of a number of research analyst reports. Raymond James reissued a “strong-buy” rating and set a $32.00 price objective (down from $33.00) on shares of Natural Gas Services Group in a report on Wednesday, March 19th. StockNews.com raised Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, March 26th.

Insiders Place Their Bets

In related news, Director Stephen Charles Taylor sold 19,400 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $28.80, for a total transaction of $558,720.00. Following the completion of the transaction, the director now directly owns 438,387 shares of the company’s stock, valued at $12,625,545.60. The trade was a 4.24 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.25% of the stock is owned by insiders.

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.