The Manufacturers Life Insurance Company Purchases 1,415 Shares of Natural Gas Services Group, Inc. (NGS)

The Manufacturers Life Insurance Company lifted its position in Natural Gas Services Group, Inc. (NYSE:NGS) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,424 shares of the oil and gas company’s stock after acquiring an additional 1,415 shares during the quarter. The Manufacturers Life Insurance Company owned 0.09% of Natural Gas Services Group worth $284,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in Natural Gas Services Group by 29.0% in the first quarter. Bank of America Corp DE now owns 5,239 shares of the oil and gas company’s stock valued at $137,000 after purchasing an additional 1,178 shares during the last quarter. Nisa Investment Advisors LLC grew its stake in Natural Gas Services Group by 4.0% in the second quarter. Nisa Investment Advisors LLC now owns 9,070 shares of the oil and gas company’s stock valued at $235,000 after purchasing an additional 350 shares during the last quarter. Voya Investment Management LLC grew its stake in Natural Gas Services Group by 10.7% in the second quarter. Voya Investment Management LLC now owns 9,464 shares of the oil and gas company’s stock valued at $235,000 after purchasing an additional 916 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Natural Gas Services Group by 31.3% in the second quarter. JPMorgan Chase & Co. now owns 14,454 shares of the oil and gas company’s stock valued at $359,000 after purchasing an additional 3,445 shares during the last quarter. Finally, Monarch Partners Asset Management LLC grew its stake in Natural Gas Services Group by 39.8% in the second quarter. Monarch Partners Asset Management LLC now owns 14,510 shares of the oil and gas company’s stock valued at $361,000 after purchasing an additional 4,130 shares during the last quarter. Hedge funds and other institutional investors own 90.26% of the company’s stock.

In other news, CEO Stephen Charles Taylor sold 3,874 shares of the business’s stock in a transaction dated Tuesday, October 3rd. The stock was sold at an average price of $28.58, for a total transaction of $110,718.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP James R. Hazlett sold 12,350 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $28.02, for a total value of $346,047.00. Following the sale, the vice president now owns 50,375 shares in the company, valued at approximately $1,411,507.50. The disclosure for this sale can be found here. 6.53% of the stock is currently owned by insiders.

Several equities analysts have issued reports on the company. Zacks Investment Research lowered Natural Gas Services Group from a “hold” rating to a “sell” rating in a research note on Wednesday, September 27th. Imperial Capital began coverage on Natural Gas Services Group in a research note on Wednesday, August 23rd. They set an “outperform” rating and a $27.00 price target on the stock. Finally, ValuEngine upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Natural Gas Services Group presently has an average rating of “Buy” and a consensus target price of $33.00.

Shares of Natural Gas Services Group, Inc. (NYSE:NGS) traded up $0.55 during mid-day trading on Tuesday, hitting $26.75. The stock had a trading volume of 25,900 shares, compared to its average volume of 39,414. Natural Gas Services Group, Inc. has a 1-year low of $22.40 and a 1-year high of $34.50. The stock has a market capitalization of $346.07, a price-to-earnings ratio of 145.56 and a beta of 1.28.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings results on Thursday, November 2nd. The oil and gas company reported $0.04 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.01). Natural Gas Services Group had a return on equity of 0.98% and a net margin of 3.41%. The business had revenue of $15.91 million for the quarter, compared to analysts’ expectations of $18.05 million. During the same quarter in the previous year, the firm posted $0.12 EPS. Natural Gas Services Group’s revenue was down 1.7% on a year-over-year basis. equities analysts anticipate that Natural Gas Services Group, Inc. will post 0.16 earnings per share for the current year.

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About Natural Gas Services Group

Natural Gas Services Group, Inc is a provider of small to medium horsepower compression equipment to the natural gas industry. The Company focuses primarily on the non-conventional natural gas and oil production business in the United States, such as coal bed methane, gas shale, tight gas and oil shales.

Institutional Ownership by Quarter for Natural Gas Services Group (NYSE:NGS)

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