NGL Energy Partners (NYSE:NGL) Director John Raymond Purchases 1,126 Shares of Stock

NGL Energy Partners LP (NYSE:NGL) Director John Raymond purchased 1,126 shares of NGL Energy Partners stock in a transaction dated Friday, August 21st. The shares were purchased at an average price of $16.25 per share, with a total value of $18,297.50. Following the completion of the acquisition, the director owned 51,126 shares in the company, valued at $830,797.50. The trade was a 2.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

NGL Energy Partners Price Performance

NYSE:NGL traded up $1.10 during mid-day trading on Tuesday, reaching $17.43. The stock had a trading volume of 434,926 shares, compared to its average volume of 299,003. The business’s 50 day moving average is $16.08 and its 200 day moving average is $14.69. NGL Energy Partners LP has a fifty-two week low of $5.01 and a fifty-two week high of $18.80. The stock has a market cap of $2.18 billion, a P/E ratio of -6.13 and a beta of 0.63.

NGL Energy Partners (NYSE:NGL) last posted its earnings results on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.37. The firm had revenue of $989.99 million during the quarter, compared to analysts’ expectations of $346.13 million. NGL Energy Partners had a negative net margin of 3.76% and a negative return on equity of 39.51%. Equities analysts expect that NGL Energy Partners LP will post 1.38 EPS for the current year.

Institutional Trading of NGL Energy Partners

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE increased its position in shares of NGL Energy Partners by 18.7% during the third quarter. Bank of America Corp DE now owns 11,728,872 shares of the oil and gas company’s stock valued at $70,373,000 after purchasing an additional 1,843,849 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of NGL Energy Partners by 9.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,522,370 shares of the oil and gas company’s stock valued at $75,224,000 after acquiring an additional 651,779 shares in the last quarter. Angelo Gordon & CO. L.P. bought a new stake in NGL Energy Partners in the second quarter valued at about $2,730,000. BNP Paribas Financial Markets increased its stake in NGL Energy Partners by 2,963.5% in the third quarter. BNP Paribas Financial Markets now owns 292,261 shares of the oil and gas company’s stock valued at $1,754,000 after acquiring an additional 282,721 shares during the period. Finally, ING Groep NV raised its position in NGL Energy Partners by 4.9% in the fourth quarter. ING Groep NV now owns 5,174,803 shares of the oil and gas company’s stock worth $51,748,000 after purchasing an additional 243,000 shares in the last quarter. 40.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NGL. Wall Street Zen raised NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research upgraded NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Finally, Weiss Ratings cut NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy”.

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.