NGL Energy Partners LP (NYSE:NGL) Position Cut by NBW Capital LLC

NBW Capital LLC trimmed its holdings in NGL Energy Partners LP (NYSE:NGL) by 0.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 449,335 shares of the oil and gas company’s stock after selling 2,612 shares during the quarter. NBW Capital LLC’s holdings in NGL Energy Partners were worth $2,242,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in NGL. Citigroup Inc. lifted its position in 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 period. JPMorgan Chase & Co. lifted its position in 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 period. ING Groep NV lifted its position in NGL Energy Partners by 5.5% in the third quarter. ING Groep NV now owns 1,561,803 shares of the oil and gas company’s stock worth $7,028,000 after purchasing an additional 80,803 shares during the period. Stephens Inc. AR lifted its position in NGL Energy Partners by 49.0% in the third quarter. Stephens Inc. AR now owns 152,000 shares of the oil and gas company’s stock worth $684,000 after purchasing an additional 50,000 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in NGL Energy Partners in the third quarter worth approximately $46,000. 40.62% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO H Michael Krimbill acquired 15,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was bought 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 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded NGL Energy Partners from a “hold” rating to a “buy” rating in a research report on Monday.

NGL Energy Partners Price Performance

NGL opened at $4.67 on Tuesday. NGL Energy Partners LP has a 1-year low of $3.84 and a 1-year high of $6.20. The business has a 50 day moving average price of $5.08 and a two-hundred day moving average price of $4.65. The company has a market capitalization of $615.84 million, a price-to-earnings ratio of -1.85 and a beta of 1.71.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings data 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 net margin of 3.57% and a negative return on equity of 29.77%. Equities analysts expect that NGL Energy Partners LP will post -0.22 EPS for the current fiscal year.

About NGL Energy Partners

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.