NGL Energy Partners LP (NYSE:NGL) CEO Purchases $67,350.00 in Stock

NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill acquired 15,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were purchased at an average price of $4.49 per share, for a total transaction of $67,350.00. Following the transaction, the chief executive officer now directly owns 603,000 shares of the company’s stock, valued at approximately $2,707,470. The trade was a 2.55 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

NGL Energy Partners Trading Down 0.1 %

NYSE NGL opened at $4.88 on Friday. The company’s 50-day moving average price is $5.09 and its 200-day moving average price is $4.62. The stock has a market cap of $643.81 million, a PE ratio of -1.94 and a beta of 1.71. NGL Energy Partners LP has a 12 month low of $3.84 and a 12 month high of $6.20.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings results on Monday, February 10th. The oil and gas company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.25). NGL Energy Partners had a negative return on equity of 29.77% and a negative net margin of 3.57%. As a group, sell-side analysts forecast that NGL Energy Partners LP will post -0.22 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of NGL Energy Partners by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 5,008,565 shares of the oil and gas company’s stock worth $22,539,000 after purchasing an additional 154,098 shares during the last quarter. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new position in shares of NGL Energy Partners in the third quarter worth about $900,000. Citigroup Inc. grew its holdings in shares of NGL Energy Partners by 15.9% in the third quarter. Citigroup Inc. now owns 2,427,108 shares of the oil and gas company’s stock worth $10,922,000 after purchasing an additional 333,531 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of NGL Energy Partners by 350.0% in the third quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 9,800 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in shares of NGL Energy Partners by 33.3% in the third quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 8,877 shares during the last quarter. 40.62% of the stock is currently owned by institutional investors.

NGL Energy Partners Company Profile

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water.