Weber Capital Management LLC ADV Makes New $20.69 Billion Investment in Natural Gas Services Group, Inc. $NGS

Weber Capital Management LLC ADV acquired a new stake in Natural Gas Services Group, Inc. (NYSE:NGS) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund acquired 479,712 shares of the oil and gas company’s stock, valued at approximately $20,694,776,000. Natural Gas Services Group makes up 17.6% of Weber Capital Management LLC ADV’s portfolio, making the stock its 3rd biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of NGS. BlackRock Inc. acquired a new stake in Natural Gas Services Group in the second quarter worth $41,482,000. Vanguard Group Inc. raised its holdings in shares of Natural Gas Services Group by 1.2% during the third quarter. Vanguard Group Inc. now owns 611,653 shares of the oil and gas company’s stock valued at $17,120,000 after purchasing an additional 7,345 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Natural Gas Services Group by 0.5% during the second quarter. Ameriprise Financial Inc. now owns 509,714 shares of the oil and gas company’s stock valued at $13,156,000 after purchasing an additional 2,424 shares during the period. Cannell Capital LLC boosted its position in shares of Natural Gas Services Group by 279.3% during the 2nd 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 in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Natural Gas Services Group by 3.5% during the 4th quarter. Geode Capital Management LLC now owns 247,201 shares of the oil and gas company’s stock worth $8,321,000 after purchasing an additional 8,304 shares in the last quarter. 65.62% of the stock is owned by institutional investors.

Natural Gas Services Group Stock Up 0.1%

NGS stock opened at $35.53 on Monday. The firm has a market capitalization of $458.34 million, a PE ratio of 22.07 and a beta of 0.42. The company has a quick ratio of 1.12, a current ratio of 2.01 and a debt-to-equity ratio of 1.11. Natural Gas Services Group, Inc. has a twelve month low of $25.05 and a twelve month high of $44.60. The stock’s 50 day moving average is $39.09 and its 200-day moving average is $39.06.

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

Natural Gas Services Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be paid a $0.15 dividend. The ex-dividend date 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 is presently 37.27%.

Analyst Upgrades and Downgrades

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

Natural Gas Services Group 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.