TrueWealth Advisors LLC Has $726,000 Position in Natural Gas Services Group, Inc. $NGS

TrueWealth Advisors LLC lifted its holdings in shares of Natural Gas Services Group, Inc. (NYSE:NGS) by 127.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,145 shares of the oil and gas company’s stock after purchasing an additional 15,779 shares during the quarter. TrueWealth Advisors LLC owned 0.22% of Natural Gas Services Group worth $726,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of NGS. Northern Trust Corp raised its position in Natural Gas Services Group by 4.8% in the 4th quarter. Northern Trust Corp now owns 96,529 shares of the oil and gas company’s stock valued at $2,587,000 after buying an additional 4,384 shares during the last quarter. BNP Paribas Financial Markets raised its position in Natural Gas Services Group by 4.5% in the 4th quarter. BNP Paribas Financial Markets now owns 9,040 shares of the oil and gas company’s stock valued at $242,000 after buying an additional 393 shares during the last quarter. Bank of America Corp DE raised its position in Natural Gas Services Group by 34.5% in the 4th quarter. Bank of America Corp DE now owns 12,048 shares of the oil and gas company’s stock valued at $323,000 after buying an additional 3,092 shares during the last quarter. Deutsche Bank AG acquired a new stake in Natural Gas Services Group in the 4th quarter valued at approximately $241,000. Finally, Nuveen Asset Management LLC raised its position in Natural Gas Services Group by 17.7% in the 4th quarter. Nuveen Asset Management LLC now owns 22,634 shares of the oil and gas company’s stock valued at $607,000 after buying an additional 3,398 shares during the last quarter. Institutional investors and hedge funds own 65.62% of the company’s stock.

Natural Gas Services Group Stock Performance

Shares of NYSE NGS opened at $26.68 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.68. Natural Gas Services Group, Inc. has a 12 month low of $16.73 and a 12 month high of $29.74. The stock has a 50 day moving average of $25.12 and a 200-day moving average of $23.44. The company has a market capitalization of $334.52 million, a P/E ratio of 18.79 and a beta of 0.57.

Natural Gas Services Group (NYSE:NGS) last released its quarterly earnings results on Monday, August 11th. The oil and gas company reported $0.41 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.09. The business had revenue of $41.38 million during the quarter, compared to analysts’ expectations of $41.87 million. Natural Gas Services Group had a return on equity of 7.21% and a net margin of 10.92%. As a group, equities research analysts predict that Natural Gas Services Group, Inc. will post 1.42 EPS for the current year.

Natural Gas Services Group announced that its Board of Directors has initiated a stock buyback plan on Monday, August 11th that permits the company to repurchase $6.00 million in outstanding shares. This repurchase authorization permits the oil and gas company to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Natural Gas Services Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 22nd. Shareholders of record on Friday, August 8th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Friday, August 8th. Natural Gas Services Group’s payout ratio is 28.17%.

Insider Transactions at Natural Gas Services Group

In related news, Director Stephen Charles Taylor sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 4th. The stock was sold at an average price of $27.00, for a total transaction of $270,000.00. Following the sale, the director owned 403,334 shares in the company, valued at $10,890,018. This represents a 2.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jean K. Holley purchased 3,752 shares of the company’s stock in a transaction that occurred on Thursday, September 4th. The shares were purchased at an average cost of $26.58 per share, for a total transaction of $99,728.16. Following the completion of the purchase, the director owned 7,800 shares in the company, valued at $207,324. This trade represents a 92.69% increase in their position. The disclosure for this purchase can be found here. Insiders own 5.08% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Natural Gas Services Group from a “sell” rating to a “hold” rating in a research note on Wednesday, May 21st. One analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Strong Buy” and a consensus price target of $32.50.

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.