Weber Capital Management LLC ADV Buys Shares of 479,712 Natural Gas Services Group, Inc. $NGS

Weber Capital Management LLC ADV bought a new position in Natural Gas Services Group, Inc. (NYSE:NGS - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 479,712 shares of the oil and gas company's stock, valued at approximately $20,694,776. Natural Gas Services Group comprises about 0.0% of Weber Capital Management LLC ADV's investment portfolio, making the stock its 3rd biggest holding. Weber Capital Management LLC ADV owned 3.72% of Natural Gas Services Group at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. NewEdge Advisors LLC grew its stake in shares of Natural Gas Services Group by 831.2% during the first quarter. NewEdge Advisors LLC now owns 12,776 shares of the oil and gas company's stock worth $281,000 after buying an additional 11,404 shares during the last quarter. Empowered Funds LLC grew its position in shares of Natural Gas Services Group by 5.5% in the 1st quarter. Empowered Funds LLC now owns 98,479 shares of the oil and gas company's stock worth $2,164,000 after buying an additional 5,125 shares during the period. Geode Capital Management LLC increased its position in Natural Gas Services Group by 1.4% during the second quarter. Geode Capital Management LLC now owns 230,817 shares of the oil and gas company's stock valued at $5,958,000 after acquiring an additional 3,221 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Natural Gas Services Group by 44.8% during the second quarter. JPMorgan Chase & Co. now owns 33,994 shares of the oil and gas company's stock valued at $877,000 after acquiring an additional 10,525 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Natural Gas Services Group by 52.4% during the second quarter. Rhumbline Advisers now owns 16,770 shares of the oil and gas company's stock worth $433,000 after purchasing an additional 5,763 shares during the last quarter. 65.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NGS. Weiss Ratings cut Natural Gas Services Group from a "buy (b)" rating to a "buy (b-)" rating in a report on Tuesday, August 11th. Raymond James Financial raised their target price on Natural Gas Services Group from $53.00 to $54.00 and gave the company an "outperform" rating in a research note on Friday, July 10th. Zacks Research cut Natural Gas Services Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 13th. Finally, Stifel Nicolaus increased their price objective on shares of Natural Gas Services Group from $44.00 to $47.00 and gave the company a "buy" rating in a report on Wednesday, May 13th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.50.

Natural Gas Services Group Stock Performance

Shares of NYSE:NGS traded down $0.54 during midday trading on Friday, reaching $34.86. 27,396 shares of the company's stock traded hands, compared to its average volume of 124,865. The stock has a 50 day moving average of $38.53 and a 200 day moving average of $39.05. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.12 and a current ratio of 2.01. The company has a market cap of $449.69 million, a price-to-earnings ratio of 21.65 and a beta of 0.42. Natural Gas Services Group, Inc. has a one year low of $25.53 and a one year high of $44.60.

Natural Gas Services Group (NYSE:NGS - Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The oil and gas company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.40 by $0.07. The business had revenue of $51.40 million during the quarter, compared to analyst estimates of $50.24 million. Natural Gas Services Group had a net margin of 10.81% and a return on equity of 8.10%. As a group, equities research analysts anticipate that Natural Gas Services Group, Inc. will post 1.91 EPS for the current fiscal year.

Natural Gas Services Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend is Wednesday, August 19th. Natural Gas Services Group's dividend payout ratio is presently 37.27%.

About Natural Gas Services Group

Natural Gas Services Group, Inc NYSE: NGS is an energy infrastructure company specializing in natural gas distribution and compression services across the United States. The company operates two primary lines of business: the Distribution segment provides natural gas delivery to residential, commercial and industrial customers, while the Compression Services segment rents, sells and services a diversified fleet of compression equipment for midstream and industrial applications.

In its Distribution segment, Natural Gas Services Group engineers, constructs and maintains local pipeline networks, meters and related apparatus to ensure safe and reliable natural gas supply to municipal utilities and private customers.