NGL Energy Partners (NYSE:NGL) Director James Collingsworth Purchases 2,289 Shares

NGL Energy Partners LP (NYSE:NGL) Director James Collingsworth acquired 2,289 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was bought at an average cost of $17.00 per share, with a total value of $38,913.00. Following the purchase, the director owned 766,797 shares in the company, valued at $13,035,549. The trade was a 0.30% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink.

NGL Energy Partners Price Performance

Shares of NGL Energy Partners stock opened at $18.09 on Friday. The company’s 50 day moving average price is $16.23 and its two-hundred day moving average price is $14.83. The firm has a market capitalization of $2.26 billion, a P/E ratio of -6.37 and a beta of 0.63. NGL Energy Partners LP has a fifty-two week low of $5.32 and a fifty-two week high of $18.80.

NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.37. The business had revenue of $989.99 million for the quarter, compared to analyst estimates of $346.13 million. NGL Energy Partners had a negative return on equity of 39.51% and a negative net margin of 3.76%. On average, analysts expect that NGL Energy Partners LP will post 1.38 earnings per share for the current year.

Wall Street Analyst Weigh In

NGL has been the subject of a number of recent research reports. Wall Street Zen upgraded NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings lowered NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Finally, Zacks Research raised NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy”.

Institutional Investors Weigh In On NGL Energy Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Bancorp USA Inc. bought a new stake in NGL Energy Partners in the third quarter worth approximately $70,000. CIBC Private Wealth Group LLC bought a new position in shares of NGL Energy Partners during the 3rd quarter worth approximately $70,000. Massar Capital Management LP boosted its holdings in shares of NGL Energy Partners by 23.2% during the 2nd quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company’s stock worth $120,000 after buying an additional 5,295 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of NGL Energy Partners during the 4th quarter worth approximately $120,000. Finally, State of Wyoming increased its stake in shares of 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 valued at $138,000 after acquiring an additional 20,864 shares in the last quarter. Institutional investors own 40.62% of the company’s stock.

NGL Energy Partners Company Profile

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.