Weber Capital Management LLC ADV Acquires New Holdings in Natural Gas Services Group, Inc. $NGS

Weber Capital Management LLC ADV bought a new position in shares of Natural Gas Services Group, Inc. (NYSE:NGS) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 479,712 shares of the oil and gas company’s stock, valued at approximately $20,694,776,000. Natural Gas Services Group accounts for approximately 17.6% of Weber Capital Management LLC ADV’s holdings, making the stock its 3rd largest holding. Weber Capital Management LLC ADV owned about 3.72% of Natural Gas Services Group at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Natural Gas Services Group in the 2nd quarter valued at approximately $41,482,000. Cannell Capital LLC lifted its holdings in shares of Natural Gas Services Group by 279.3% during the second quarter. Cannell Capital LLC now owns 331,616 shares of the oil and gas company’s stock worth $8,559,000 after purchasing an additional 244,193 shares during the period. LPL Financial LLC acquired a new position in shares of Natural Gas Services Group during the fourth quarter worth $3,591,000. Bank of New York Mellon Corp bought a new stake in shares of Natural Gas Services Group in the second quarter worth $4,219,000. Finally, Millennium Management LLC grew its stake in shares of Natural Gas Services Group by 133.7% in the third quarter. Millennium Management LLC now owns 169,023 shares of the oil and gas company’s stock worth $4,731,000 after purchasing an additional 96,690 shares during the last quarter. 65.62% of the stock is currently owned by institutional investors and hedge funds.

Natural Gas Services Group Trading Up 0.1%

NYSE:NGS opened at $35.53 on Monday. Natural Gas Services Group, Inc. has a 52 week low of $25.05 and a 52 week high of $44.60. 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 firm’s fifty day moving average is $39.09 and its 200-day moving average is $39.06. The firm has a market cap of $458.34 million, a P/E ratio of 22.07 and a beta of 0.42.

Natural Gas Services Group (NYSE:NGS) last announced its earnings results on Monday, August 10th. The oil and gas company reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.07. The business had revenue of $51.40 million during the quarter, compared to the consensus estimate of $50.24 million. Natural Gas Services Group had a net margin of 10.81% and a return on equity of 8.10%. Equities analysts expect that Natural Gas Services Group, Inc. will post 1.91 earnings per share for the current year.

Natural Gas Services Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.15 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.60 annualized dividend and a dividend yield of 1.7%. Natural Gas Services Group’s dividend payout ratio (DPR) is 37.27%.

Analyst Ratings Changes

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

Natural Gas Services Group Company Profile

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.