H Michael Krimbill Acquires 15,000 Shares of NGL Energy Partners LP (NYSE:NGL) Stock

NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill acquired 15,000 shares of NGL Energy Partners stock in a transaction dated Thursday, February 13th. The shares were acquired at an average cost of $4.49 per share, with a total value of $67,350.00. Following the completion of the acquisition, the chief executive officer now directly owns 603,000 shares in the company, valued at $2,707,470. This trade represents a 2.55 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.

NGL Energy Partners Stock Up 0.9 %

Shares of NGL Energy Partners stock opened at $4.94 on Wednesday. The stock has a market capitalization of $651.48 million, a P/E ratio of -2.13 and a beta of 1.71. The company has a 50-day simple moving average of $5.08 and a 200 day simple moving average of $4.62. NGL Energy Partners LP has a 12-month low of $3.84 and a 12-month high of $6.20.

NGL Energy Partners (NYSE:NGL) last announced its earnings results on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.25). NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%. On average, equities analysts anticipate that NGL Energy Partners LP will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On NGL Energy Partners

A number of hedge funds have recently made changes to their positions in the company. Invesco Ltd. increased its position in NGL Energy Partners by 0.4% in the 4th quarter. Invesco Ltd. now owns 19,647,133 shares of the oil and gas company’s stock valued at $98,039,000 after acquiring an additional 85,000 shares in the last quarter. Bank of America Corp DE increased its position in NGL Energy Partners by 27.3% in the 4th quarter. Bank of America Corp DE now owns 6,812,752 shares of the oil and gas company’s stock valued at $33,996,000 after acquiring an additional 1,461,754 shares in the last quarter. JPMorgan Chase & Co. increased its position in NGL Energy Partners by 3.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 5,008,565 shares of the oil and gas company’s stock valued at $22,539,000 after acquiring an additional 154,098 shares in the last quarter. Citigroup Inc. increased its position in NGL Energy Partners by 15.9% in the 3rd quarter. Citigroup Inc. now owns 2,427,108 shares of the oil and gas company’s stock valued at $10,922,000 after acquiring an additional 333,531 shares in the last quarter. Finally, ING Groep NV increased its position in NGL Energy Partners by 5.5% in the 3rd quarter. ING Groep NV now owns 1,561,803 shares of the oil and gas company’s stock valued at $7,028,000 after acquiring an additional 80,803 shares in the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.

About NGL Energy Partners

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.