Rep. Mark E. Green Sells NGL Energy Partners LP (NYSE:NGL) Shares

Representative Mark E. Green (R-Tennessee) recently sold shares of NGL Energy Partners LP (NYSE:NGL). In a filing disclosed on January 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in NGL Energy Partners stock on January 2nd. The trade occurred in the Representative’s “EQUITABLE ADVISORS INVESTMENT ACCOUNT” account.

Representative Mark E. Green also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of NGL Energy Partners (NYSE:NGL) on 12/3/2024.
• Sold $50,001 – $100,000 in shares of NGL Energy Partners (NYSE:NGL) on 10/24/2024.
• Sold $50,001 – $100,000 in shares of NGL Energy Partners (NYSE:NGL) on 10/16/2024.

NGL Energy Partners Stock Performance

NGL stock opened at $5.37 on Thursday. The stock has a market cap of $708.91 million, a P/E ratio of -2.31 and a beta of 1.72. The company has a debt-to-equity ratio of 28.52, a quick ratio of 0.98 and a current ratio of 1.21. The firm has a 50 day simple moving average of $4.74 and a 200 day simple moving average of $4.54. NGL Energy Partners LP has a 52 week low of $3.84 and a 52 week high of $6.20.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.20). The company had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.56 billion. NGL Energy Partners had a negative net margin of 2.87% and a positive return on equity of 77.15%. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. Research analysts anticipate that NGL Energy Partners LP will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NGL Energy Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in NGL. XTX Topco Ltd acquired a new position in NGL Energy Partners in the third quarter worth approximately $46,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of NGL Energy Partners during the 3rd quarter worth $46,000. International Assets Investment Management LLC raised its holdings in shares of NGL Energy Partners by 350.0% during the 3rd quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company’s stock valued at $57,000 after purchasing an additional 9,800 shares in the last quarter. FLC Capital Advisors acquired a new stake in shares of NGL Energy Partners in the 3rd quarter valued at $103,000. Finally, Tidal Investments LLC boosted its holdings in NGL Energy Partners by 33.3% in the third quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 8,877 shares in the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.

About Representative Green

Mark Green (Republican Party) is a member of the U.S. House, representing Tennessee’s 7th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2025. Green (Republican Party) is running for re-election to the U.S. House to represent Tennessee’s 7th Congressional District. He declared candidacy for the Republican primary scheduled on August 1, 2024. He won his first election to the U.S. House in 2018 by more than 34 points. Green served in the Tennessee State Senate, representing District 22 from 2012 to 2018. He succeeded Marsha Blackburn after she ran for and won election to the United States Senate. Green previously served in the U.S. Army. He was part of the unit that captured Saddam Hussein. Green wrote about the experience in a book, A Night with Saddam. In May 2017, Green was nominated by Donald Trump for the position of Secretary of the United States Army Green withdrew his nomination. Green received his bachelor’s in quantitative business management from West Point. He later received a master’s certificate in information systems from the University of Southern California and an M.D. from Wright State University. Green’s professional experience includes working as the president of Emergency Services Network and as the CEO of Align MD Foundation. He served as an officer in the U.S. Army from 1987 to 1990.

NGL Energy Partners Company Profile

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water.