Corigliano Investment Advisers LLC Invests $253,000 in Natural Gas Services Group, Inc. $NGS

Key Points

• Corigliano Investment Advisers LLC has acquired 11,500 shares of Natural Gas Services Group, valued at approximately $253,000, representing about 0.09% ownership of the company.
• The company recently authorized a $6 million share repurchase plan, indicating confidence in its stock valuation, and reported a quarterly dividend of $0.10 per share.
• Natural Gas Services Group's stock has received a consensus rating of "Strong Buy" with a target price of $32.50 after positive earnings results showing a net margin of 10.92%.

Corigliano Investment Advisers LLC bought a new stake in shares of Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 11,500 shares of the oil and gas company's stock, valued at approximately $253,000. Corigliano Investment Advisers LLC owned about 0.09% of Natural Gas Services Group as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in Natural Gas Services Group by 31.5% during the fourth quarter. Wells Fargo & Company MN now owns 6,022 shares of the oil and gas company's stock valued at $161,000 after purchasing an additional 1,443 shares in the last quarter. Barclays PLC increased its holdings in shares of Natural Gas Services Group by 8.2% in the 4th quarter. Barclays PLC now owns 18,716 shares of the oil and gas company's stock worth $502,000 after buying an additional 1,415 shares during the last quarter. Northern Trust Corp increased its holdings in shares of 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 worth $2,587,000 after buying an additional 4,384 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Natural Gas Services Group by 4.5% during 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 in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of 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 acquiring an additional 3,092 shares during the last quarter. Institutional investors own 65.62% of the company's stock.

Insider Activity at Natural Gas Services Group

In other news, Director Jean K. Holley purchased 4,048 shares of the business's stock in a transaction dated Thursday, August 14th. The shares were purchased at an average price of $24.49 per share, for a total transaction of $99,135.52. Following the completion of the purchase, the director owned 4,048 shares in the company, valued at approximately $99,135.52. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Stephen Charles Taylor sold 20,000 shares of Natural Gas Services Group stock in a transaction dated Friday, August 22nd. The shares were sold at an average price of $26.25, for a total value of $525,000.00. Following the completion of the sale, the director owned 413,334 shares of the company's stock, valued at $10,850,017.50. The trade was a 4.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NGS shares. Wall Street Zen raised Natural Gas Services Group from a "sell" rating to a "hold" rating in a research note on Wednesday, May 21st. Stifel Nicolaus lifted their target price on Natural Gas Services Group from $32.00 to $33.00 and gave the stock a "buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating and one has given a Buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Strong Buy" and a consensus target price of $32.50.

Natural Gas Services Group Trading Down 2.1%

Shares of NGS traded down $0.56 during trading hours on Monday, reaching $25.94. 55,590 shares of the company traded hands, compared to its average volume of 73,746. The stock's fifty day moving average price is $25.04 and its 200 day moving average price is $23.41. The company has a current ratio of 1.97, a quick ratio of 1.23 and a debt-to-equity ratio of 0.68. The firm has a market cap of $325.29 million, a price-to-earnings ratio of 18.27 and a beta of 0.57. Natural Gas Services Group, Inc. has a 12-month low of $16.73 and a 12-month high of $29.74.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The oil and gas company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.32 by $0.09. The company had revenue of $41.38 million for the quarter, compared to the consensus estimate of $41.87 million. Natural Gas Services Group had a net margin of 10.92% and a return on equity of 7.21%. Sell-side analysts forecast that Natural Gas Services Group, Inc. will post 1.42 earnings per share for the current year.

Natural Gas Services Group announced that its board has approved a stock repurchase plan on Monday, August 11th that allows the company to repurchase $6.00 million in shares. This repurchase authorization allows the oil and gas company to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Natural Gas Services Group Dividend Announcement

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

Natural Gas Services Group 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.