NGL ENERGY PARTNERS LP (NYSE:NGL) CEO H Michael Krimbill purchased 75,000 shares of the company’s stock in a transaction on Monday, September 11th. The stock was purchased at an average price of $8.86 per share, with a total value of $664,500.00. Following the completion of the transaction, the chief executive officer now owns 814,417 shares of the company’s stock, valued at $7,215,734.62. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

NGL ENERGY PARTNERS LP (NGL) opened at 8.90 on Tuesday. NGL ENERGY PARTNERS LP has a 12 month low of $8.57 and a 12 month high of $25.80. The company’s market cap is $1.08 billion. The company’s 50 day moving average is $10.27 and its 200-day moving average is $15.49.

NGL ENERGY PARTNERS (NYSE:NGL) last issued its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.59) EPS for the quarter, missing the consensus estimate of ($0.38) by $0.21. The company had revenue of $3.78 billion during the quarter, compared to analysts’ expectations of $2.59 billion. NGL ENERGY PARTNERS had a negative return on equity of 5.00% and a negative net margin of 0.73%. On average, analysts expect that NGL ENERGY PARTNERS LP will post $0.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Friday, August 4th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 17.53%. The ex-dividend date of this dividend was Wednesday, August 2nd. NGL ENERGY PARTNERS’s payout ratio is presently -124.80%.

NGL ENERGY PARTNERS announced that its Board of Directors has approved a stock repurchase program on Tuesday, August 29th that authorizes the company to repurchase $15.00 million in shares. This repurchase authorization authorizes the oil and gas company to buy up to 1.3% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

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A number of equities analysts have weighed in on the stock. TheStreet lowered shares of NGL ENERGY PARTNERS from a “c-” rating to a “d+” rating in a research report on Tuesday, August 15th. Stifel Nicolaus dropped their price target on shares of NGL ENERGY PARTNERS from $13.00 to $10.00 and set a “hold” rating for the company in a research report on Wednesday, August 16th. UBS AG dropped their target price on shares of NGL ENERGY PARTNERS from $18.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, August 4th. Royal Bank Of Canada dropped their target price on shares of NGL ENERGY PARTNERS from $20.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, August 4th. Finally, Zacks Investment Research lowered shares of NGL ENERGY PARTNERS from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.57.

A number of hedge funds and other institutional investors have recently modified their holdings of NGL. Goldman Sachs Group Inc. increased its holdings in NGL ENERGY PARTNERS by 957.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,557,682 shares of the oil and gas company’s stock worth $57,803,000 after acquiring an additional 2,315,904 shares in the last quarter. OppenheimerFunds Inc. increased its holdings in NGL ENERGY PARTNERS by 15.5% in the 1st quarter. OppenheimerFunds Inc. now owns 15,197,205 shares of the oil and gas company’s stock worth $343,457,000 after acquiring an additional 2,042,480 shares in the last quarter. Bank of Montreal Can increased its holdings in NGL ENERGY PARTNERS by 115.7% in the 2nd quarter. Bank of Montreal Can now owns 2,116,200 shares of the oil and gas company’s stock worth $29,627,000 after acquiring an additional 1,134,957 shares in the last quarter. Atlantic Trust Group LLC increased its holdings in NGL ENERGY PARTNERS by 83.0% in the 1st quarter. Atlantic Trust Group LLC now owns 2,195,432 shares of the oil and gas company’s stock worth $49,617,000 after acquiring an additional 995,432 shares in the last quarter. Finally, UBS Group AG increased its holdings in NGL ENERGY PARTNERS by 39.4% in the 1st quarter. UBS Group AG now owns 3,028,318 shares of the oil and gas company’s stock worth $68,440,000 after acquiring an additional 856,535 shares in the last quarter. 70.19% of the stock is owned by institutional investors.

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.

Insider Buying and Selling by Quarter for NGL ENERGY PARTNERS (NYSE:NGL)

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