Barclays PLC Increases Stake in Natural Gas Services Group, Inc. (NYSE:NGS)

Barclays PLC increased its position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 47.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,301 shares of the oil and gas company’s stock after buying an additional 5,575 shares during the period. Barclays PLC’s holdings in Natural Gas Services Group were worth $331,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in NGS. Bank of New York Mellon Corp purchased a new position in shares of Natural Gas Services Group during the second quarter valued at $788,000. Rhumbline Advisers increased its stake in shares of Natural Gas Services Group by 2,513.0% during the second quarter. Rhumbline Advisers now owns 12,072 shares of the oil and gas company’s stock valued at $243,000 after buying an additional 11,610 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Natural Gas Services Group during the second quarter valued at $208,000. ClariVest Asset Management LLC purchased a new position in shares of Natural Gas Services Group during the second quarter valued at $693,000. Finally, American Century Companies Inc. increased its stake in shares of Natural Gas Services Group by 5.8% during the second quarter. American Century Companies Inc. now owns 127,330 shares of the oil and gas company’s stock valued at $2,562,000 after buying an additional 7,021 shares during the period. Hedge funds and other institutional investors own 65.62% of the company’s stock.

Natural Gas Services Group Price Performance

Shares of NGS stock opened at $27.74 on Friday. Natural Gas Services Group, Inc. has a 1-year low of $13.70 and a 1-year high of $28.50. The stock’s 50-day moving average is $25.13 and its 200 day moving average is $21.77. The company has a market cap of $346.47 million, a P/E ratio of 21.67 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.76 and a quick ratio of 1.16.

Analysts Set New Price Targets

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

Insider Activity at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 1,521 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $26.00, for a total transaction of $39,546.00. Following the sale, the director now owns 516,866 shares of the company’s stock, valued at $13,438,516. This trade represents a 0.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold a total of 40,892 shares of company stock valued at $1,076,633 over the last quarter. 7.25% of the stock is owned by corporate insiders.

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.