NGL Energy Partners LP (NGL) CEO H Michael Krimbill Purchases 30,000 Shares
NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill acquired 30,000 shares of the stock in a transaction on Tuesday, November 15th. The shares were purchased at an average price of $18.13 per share, for a total transaction of $543,900.00. Following the completion of the transaction, the chief executive officer now owns 789,417 shares in the company, valued at approximately $14,312,130.21. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
H Michael Krimbill also recently made the following trade(s):
- On Thursday, September 15th, H Michael Krimbill acquired 20,000 shares of NGL Energy Partners stock. The shares were purchased at an average price of $17.31 per share, for a total transaction of $346,200.00.
NGL Energy Partners LP (NYSE:NGL) traded down 0.411% during midday trading on Wednesday, hitting $18.175. 32,038 shares of the company traded hands. The stock’s 50-day moving average is $18.60 and its 200-day moving average is $17.56. The firm’s market capitalization is $1.95 billion. NGL Energy Partners LP has a 12-month low of $5.57 and a 12-month high of $20.50.
NGL Energy Partners (NYSE:NGL) last posted its earnings results on Friday, November 4th. The company reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.13) by $0.58. The business had revenue of $3.05 billion for the quarter, compared to the consensus estimate of $2.97 billion. Analysts anticipate that NGL Energy Partners LP will post $2.39 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 14th. Shareholders of record on Friday, November 4th were issued a $0.39 dividend. The ex-dividend date was Wednesday, November 2nd. This represents a $1.56 annualized dividend and a yield of 8.55%.
Several research firms have recently commented on NGL. Zacks Investment Research upgraded shares of NGL Energy Partners from a “strong sell” rating to a “hold” rating in a report on Thursday, November 10th. FBR & Co began coverage on shares of NGL Energy Partners in a report on Friday, September 9th. They set a “market perform” rating and a $21.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of NGL Energy Partners from $18.00 to $20.00 and gave the company a “buy” rating in a report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.44.
A number of large investors have recently bought and sold shares of NGL. Goldman Sachs Group Inc. raised its stake in NGL Energy Partners by 187.9% in the first quarter. Goldman Sachs Group Inc. now owns 1,328,740 shares of the company’s stock valued at $9,992,000 after buying an additional 867,164 shares during the period. Barclays PLC raised its stake in NGL Energy Partners by 92.1% in the first quarter. Barclays PLC now owns 242,866 shares of the company’s stock valued at $1,701,000 after buying an additional 116,470 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in NGL Energy Partners by 102.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 70,618 shares of the company’s stock valued at $531,000 after buying an additional 35,806 shares during the period. Hollencrest Securities LLC purchased a new stake in NGL Energy Partners during the second quarter valued at $1,532,000. Finally, Acadian Asset Management LLC purchased a new stake in NGL Energy Partners during the second quarter valued at $4,683,000.
About NGL Energy Partners
NGL Energy Partners LP owns and operates a vertically integrated energy business. The Company’s segments are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. Its crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.
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