NGL Energy Partners LP (NGL) Director James M. Collingsworth Buys 20,000 Shares
NGL Energy Partners LP (NYSE:NGL) Director James M. Collingsworth purchased 20,000 shares of the company’s stock in a transaction dated Monday, November 14th. The stock was purchased at an average price of $17.52 per share, with a total value of $350,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of NGL Energy Partners LP (NYSE:NGL) traded up 3.12% on Thursday, reaching $18.15. 252,010 shares of the company traded hands. NGL Energy Partners LP has a 1-year low of $5.57 and a 1-year high of $20.50. The firm’s market capitalization is $1.95 billion. The stock has a 50-day moving average price of $18.53 and a 200 day moving average price of $17.68.
NGL Energy Partners (NYSE:NGL) last released its quarterly earnings results on Friday, November 4th. The company reported ($0.71) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by $0.58. The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $2.97 billion. Analysts anticipate that NGL Energy Partners LP will post $2.39 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, November 14th. Stockholders of record on Friday, November 4th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date of this dividend was Wednesday, November 2nd.
A number of analysts have weighed in on NGL shares. Zacks Investment Research downgraded NGL Energy Partners from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 12th. FBR & Co initiated coverage on NGL Energy Partners in a research note on Friday, September 9th. They issued a “market perform” rating and a $21.00 target price for the company. Finally, Stifel Nicolaus raised their price target on shares of NGL Energy Partners from $18.00 to $20.00 and gave the company a “buy” rating in a research 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 issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $14.44.
Several hedge funds have recently added to or reduced their stakes in NGL. Proficio Capital Partners LLC increased its position in NGL Energy Partners by 110.4% in the third quarter. Proficio Capital Partners LLC now owns 9,934 shares of the company’s stock worth $187,000 after buying an additional 5,212 shares in the last quarter. Penn Capital Management Co. Inc. acquired a new position in NGL Energy Partners during the second quarter worth approximately $209,000. Oppenheimer & Co. Inc. increased its position in NGL Energy Partners by 3.8% in the third quarter. Oppenheimer & Co. Inc. now owns 10,950 shares of the company’s stock worth $206,000 after buying an additional 400 shares in the last quarter. HAP Trading LLC acquired a new position in NGL Energy Partners during the second quarter worth approximately $221,000. Finally, Americafirst Capital Management LLC acquired a new position in NGL Energy Partners during the third quarter worth approximately $232,000.
NGL Energy Partners Company Profile
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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