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

Representative Mark E. Green (R-Tennessee) recently sold shares of NGL Energy Partners LP (NYSE:NGL). In a filing disclosed on February 28th, the Representative disclosed that they had sold between $100,001 and $250,000 in NGL Energy Partners stock on February 18th. The trade occurred in the Representative’s “EQUITABLE ADVISORS INVESTMENT ACCOUNT” account.

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

• Sold $250,001 – $500,000 in shares of NGL Energy Partners (NYSE:NGL) on 2/3/2025.
• Sold $500,001 – $1,000,000 in shares of NGL Energy Partners (NYSE:NGL) on 1/30/2025.
• Sold $50,001 – $100,000 in shares of NGL Energy Partners (NYSE:NGL) on 1/28/2025.
• Sold $15,001 – $50,000 in shares of NGL Energy Partners (NYSE:NGL) on 1/2/2025.
• Sold $15,001 – $50,000 in shares of NGL Energy Partners (NYSE:NGL) on 12/3/2024.

NGL Energy Partners Stock Up 0.6 %

NYSE NGL traded up $0.03 on Wednesday, reaching $4.72. The stock had a trading volume of 68,700 shares, compared to its average volume of 493,317. The firm has a market capitalization of $622.57 million, a price-to-earnings ratio of -1.87 and a beta of 1.71. NGL Energy Partners LP has a 12-month low of $3.84 and a 12-month high of $6.20. The stock has a fifty day moving average price of $5.08 and a two-hundred day moving average price of $4.66.

NGL Energy Partners (NYSE:NGL) last issued its earnings results on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.25). NGL Energy Partners had a negative net margin of 3.57% and a negative return on equity of 29.77%. Sell-side analysts forecast that NGL Energy Partners LP will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Monday.

Institutional Investors Weigh In On NGL Energy Partners

Institutional investors have recently bought and sold shares of the business. Invesco Ltd. increased its stake in shares of NGL Energy Partners by 0.4% in the fourth quarter. Invesco Ltd. now owns 19,647,133 shares of the oil and gas company’s stock worth $98,039,000 after buying an additional 85,000 shares during the last quarter. Bank of America Corp DE lifted its stake in NGL Energy Partners by 27.3% during the fourth quarter. Bank of America Corp DE now owns 6,812,752 shares of the oil and gas company’s stock worth $33,996,000 after purchasing an additional 1,461,754 shares during the last quarter. JPMorgan Chase & Co. raised its stake in NGL Energy Partners by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 5,008,565 shares of the oil and gas company’s stock worth $22,539,000 after acquiring an additional 154,098 shares during the period. Citigroup Inc. boosted its position in NGL Energy Partners by 15.9% during 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 purchasing an additional 333,531 shares during the period. Finally, ING Groep NV increased its holdings in shares of 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 worth $7,028,000 after acquiring an additional 80,803 shares during the period. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other NGL Energy Partners news, CEO H Michael Krimbill bought 15,000 shares of NGL Energy Partners stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average cost of $4.49 per share, for a total transaction of $67,350.00. Following the completion of the acquisition, the chief executive officer now owns 603,000 shares of the company’s stock, valued at approximately $2,707,470. This represents a 2.55 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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, 2027.

Green (Republican Party) ran for re-election to the U.S. House to represent Tennessee’s 7th Congressional District. He won in the general election on November 5, 2024.

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. He was part of the unit that captured Saddam Hussein. Green wrote about the experience in a book, A Night with Saddam.

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.