34,500 Shares in NGL Energy Partners LP $NGL Bought by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC purchased a new stake in NGL Energy Partners LP (NYSE:NGL) in the 1st quarter, HoldingsChannel reports. The fund purchased 34,500 shares of the oil and gas company’s stock, valued at approximately $397,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Redwood Family Wealth LLC purchased a new stake in shares of NGL Energy Partners in the fourth quarter worth about $549,000. ING Groep NV lifted its position in NGL Energy Partners by 4.9% during the 4th quarter. ING Groep NV now owns 5,174,803 shares of the oil and gas company’s stock worth $51,748,000 after acquiring an additional 243,000 shares in the last quarter. UBS Group AG lifted its position in NGL Energy Partners by 4.4% during the 4th quarter. UBS Group AG now owns 204,704 shares of the oil and gas company’s stock worth $2,047,000 after acquiring an additional 8,561 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in NGL Energy Partners by 9.9% in the 4th quarter. AlphaCore Capital LLC now owns 175,800 shares of the oil and gas company’s stock worth $1,758,000 after acquiring an additional 15,800 shares during the period. Finally, State of Wyoming boosted its holdings in NGL Energy Partners by 184.0% in the 2nd quarter. State of Wyoming now owns 32,202 shares of the oil and gas company’s stock worth $138,000 after acquiring an additional 20,864 shares during the period. Institutional investors and hedge funds own 40.62% of the company’s stock.

Analysts Set New Price Targets

NGL has been the subject of a number of recent analyst reports. Zacks Research raised shares of NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Weiss Ratings downgraded NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, NGL Energy Partners has a consensus rating of “Buy”.

NGL Energy Partners Trading Up 1.5%

Shares of NYSE:NGL opened at $17.26 on Friday. The firm has a market cap of $2.15 billion, a PE ratio of -6.08 and a beta of 0.63. The company has a fifty day simple moving average of $15.83 and a 200 day simple moving average of $14.16. NGL Energy Partners LP has a 12-month low of $3.94 and a 12-month high of $18.80.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.37. NGL Energy Partners had a negative return on equity of 45.42% and a negative net margin of 3.76%.The firm had revenue of $989.99 million for the quarter, compared to analysts’ expectations of $346.13 million. As a group, equities research analysts forecast that NGL Energy Partners LP will post 0.82 EPS for the current fiscal year.

NGL Energy Partners announced that its Board of Directors has authorized a share buyback program on Thursday, April 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the oil and gas company to repurchase up to 6.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its shares are undervalued.

About NGL Energy Partners

NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.

The partnership’s asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.