Shares of Ngl Energy Partners Lp (NYSE:NGL) traded up 6.6% on Wednesday . The company traded as high as $12.98 and last traded at $12.85. 645,600 shares were traded during mid-day trading, a decline of 33% from the average session volume of 962,696 shares. The stock had previously closed at $12.05.

A number of analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Ngl Energy Partners from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Tuesday, November 21st. TheStreet lowered shares of Ngl Energy Partners from a “c-” rating to a “d+” rating in a research note on Tuesday, August 15th. Zacks Investment Research raised shares of Ngl Energy Partners from a “sell” rating to a “hold” rating in a research note on Tuesday, September 19th. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $16.00 target price (up from $14.00) on shares of Ngl Energy Partners in a research note on Tuesday, November 7th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. Ngl Energy Partners has an average rating of “Hold” and a consensus target price of $17.83.

The company has a current ratio of 1.56, a quick ratio of 0.99 and a debt-to-equity ratio of 1.69.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Investors of record on Monday, November 6th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 12.48%. The ex-dividend date of this dividend was Friday, November 3rd. Ngl Energy Partners’s dividend payout ratio is presently -74.29%.

Ngl Energy Partners announced that its board has approved a stock repurchase plan on Tuesday, August 29th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the oil and gas company to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

In other news, CEO H Michael Krimbill purchased 75,000 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were acquired at an average price of $8.86 per share, for a total transaction of $664,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 814,417 shares of the company’s stock, valued at $7,215,734.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Robert W. Karlovich III purchased 10,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were purchased at an average price of $11.66 per share, for a total transaction of $116,600.00. Following the acquisition, the chief financial officer now directly owns 99,320 shares of the company’s stock, valued at $1,158,071.20. The disclosure for this purchase can be found here.

Several hedge funds have recently added to or reduced their stakes in NGL. Alliancebernstein L.P. raised its holdings in shares of Ngl Energy Partners by 40.6% during the first quarter. Alliancebernstein L.P. now owns 20,841 shares of the oil and gas company’s stock valued at $471,000 after acquiring an additional 6,018 shares during the period. US Bancorp DE raised its holdings in shares of Ngl Energy Partners by 7.8% during the second quarter. US Bancorp DE now owns 18,669 shares of the oil and gas company’s stock valued at $261,000 after acquiring an additional 1,350 shares during the period. Duff & Phelps Investment Management Co. raised its holdings in shares of Ngl Energy Partners by 86.8% during the second quarter. Duff & Phelps Investment Management Co. now owns 1,560,000 shares of the oil and gas company’s stock valued at $21,840,000 after acquiring an additional 725,000 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Ngl Energy Partners during the second quarter valued at approximately $1,764,000. Finally, Alps Advisors Inc. raised its holdings in shares of Ngl Energy Partners by 5.5% during the second quarter. Alps Advisors Inc. now owns 8,150,982 shares of the oil and gas company’s stock valued at $114,114,000 after acquiring an additional 427,126 shares during the period. Institutional investors and hedge funds own 63.84% of the company’s stock.

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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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