TIAA CREF Investment Management LLC decreased its position in Natural Gas Services Group, Inc. (NYSE:NGS) by 1.6% during the first quarter, Holdings Channel reports. The firm owned 58,042 shares of the oil and gas company’s stock after selling 924 shares during the period. TIAA CREF Investment Management LLC’s holdings in Natural Gas Services Group were worth $1,512,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of NGS. Bank of New York Mellon Corp raised its position in shares of Natural Gas Services Group by 2.6% in the first quarter. Bank of New York Mellon Corp now owns 567,437 shares of the oil and gas company’s stock worth $14,781,000 after buying an additional 14,359 shares during the period. Punch & Associates Investment Management Inc. raised its position in shares of Natural Gas Services Group by 9.6% in the first quarter. Punch & Associates Investment Management Inc. now owns 368,685 shares of the oil and gas company’s stock worth $9,604,000 after buying an additional 32,300 shares during the period. State Street Corp raised its position in shares of Natural Gas Services Group by 6.0% in the fourth quarter. State Street Corp now owns 243,800 shares of the oil and gas company’s stock worth $7,840,000 after buying an additional 13,779 shares during the period. AlphaOne Investment Services LLC raised its position in shares of Natural Gas Services Group by 2.4% in the first quarter. AlphaOne Investment Services LLC now owns 139,387 shares of the oil and gas company’s stock worth $3,631,000 after buying an additional 3,248 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its position in shares of Natural Gas Services Group by 20.3% in the first quarter. Pacific Ridge Capital Partners LLC now owns 104,568 shares of the oil and gas company’s stock worth $2,724,000 after buying an additional 17,616 shares during the period. 88.23% of the stock is currently owned by institutional investors and hedge funds.

Shares of Natural Gas Services Group, Inc. (NGS) traded down 1.67% during trading on Friday, reaching $23.60. 37,532 shares of the company traded hands. Natural Gas Services Group, Inc. has a 52 week low of $20.65 and a 52 week high of $34.50. The firm’s 50 day moving average price is $24.85 and its 200-day moving average price is $26.44. The company has a market capitalization of $305.31 million, a price-to-earnings ratio of 91.47 and a beta of 1.23.

Natural Gas Services Group (NYSE:NGS) last issued its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.07 by $0.04. Natural Gas Services Group had a return on equity of 1.41% and a net margin of 4.85%. The company had revenue of $16.20 million during the quarter, compared to analyst estimates of $16.03 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The business’s revenue was down 5.8% compared to the same quarter last year. Equities analysts anticipate that Natural Gas Services Group, Inc. will post $0.19 EPS for the current fiscal year.

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A number of equities analysts have recently commented on NGS shares. Zacks Investment Research lowered shares of Natural Gas Services Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. Seaport Global Securities reaffirmed a “buy” rating on shares of Natural Gas Services Group in a research report on Friday, August 4th. Finally, ValuEngine raised shares of Natural Gas Services Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 31st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Natural Gas Services Group currently has an average rating of “Hold” and an average target price of $32.67.

In other Natural Gas Services Group news, CEO Stephen Charles Taylor sold 12,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $24.99, for a total transaction of $299,880.00. Following the sale, the chief executive officer now directly owns 284,245 shares in the company, valued at approximately $7,103,282.55. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David L. Bradshaw sold 2,540 shares of the stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $23.60, for a total transaction of $59,944.00. Following the sale, the director now owns 18,000 shares in the company, valued at $424,800. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 16,040 shares of company stock worth $400,114. 6.88% of the stock is owned by company insiders.

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.

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

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