Jackson Hole Capital Partners LLC Has $176,000 Stake in NGL Energy Partners LP (NYSE:NGL)

Jackson Hole Capital Partners LLC decreased its position in NGL Energy Partners LP (NYSE:NGL) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,365 shares of the oil and gas company’s stock after selling 3,000 shares during the period. Jackson Hole Capital Partners LLC’s holdings in NGL Energy Partners were worth $176,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. XTX Topco Ltd acquired a new position in shares of NGL Energy Partners during the third quarter valued at about $46,000. Wealth Enhancement Advisory Services LLC acquired a new position in shares of NGL Energy Partners during the third quarter valued at about $46,000. Raymond James Financial Inc. acquired a new position in shares of NGL Energy Partners during the fourth quarter valued at about $55,000. Van ECK Associates Corp raised its holdings in shares of NGL Energy Partners by 42.4% during the fourth quarter. Van ECK Associates Corp now owns 31,672 shares of the oil and gas company’s stock valued at $158,000 after purchasing an additional 9,426 shares during the period. Finally, Tidal Investments LLC raised its holdings in shares of NGL Energy Partners by 33.3% during the third quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company’s stock valued at $160,000 after purchasing an additional 8,877 shares during the period. Institutional investors and hedge funds own 40.62% of the company’s stock.

Insider Transactions at NGL Energy Partners

In other news, CEO H Michael Krimbill acquired 15,000 shares of NGL Energy Partners stock in a transaction on Thursday, February 13th. The stock was acquired at an average cost of $4.49 per share, with a total value of $67,350.00. Following the transaction, the chief executive officer now owns 603,000 shares of the company’s stock, valued at approximately $2,707,470. This trade represents a 2.55 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

NGL Energy Partners Price Performance

NYSE:NGL opened at $4.79 on Friday. The firm has a 50-day moving average of $5.08 and a 200-day moving average of $4.66. The company has a market cap of $631.68 million, a PE ratio of -1.90 and a beta of 1.73. NGL Energy Partners LP has a one year low of $3.84 and a one year high of $6.20.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Monday, March 3rd.

NGL Energy Partners 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.