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 purchased 15,000 shares of the business’s stock in a transaction on Thursday, February 13th. The shares were bought at an average cost of $4.49 per share, for a total transaction of $67,350.00. Following the completion of the transaction, 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 acquisition was disclosed in a filing with the SEC, which is available at this link.

NGL Energy Partners Stock Performance

Shares of NGL opened at $4.89 on Thursday. The business’s 50-day moving average is $5.08 and its two-hundred day moving average is $4.62. The company has a market capitalization of $644.87 million, a P/E ratio of -1.94 and a beta of 1.71. NGL Energy Partners LP has a fifty-two week low of $3.84 and a fifty-two week high of $6.20.

NGL Energy Partners (NYSE:NGL) last announced its quarterly 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 return on equity of 29.77% and a negative net margin of 3.57%. Analysts forecast that NGL Energy Partners LP will post -0.22 EPS for the current year.

Institutional Investors Weigh In On NGL Energy Partners

A number of institutional investors have recently modified their holdings of NGL. Bank of America Corp DE grew its position in shares of NGL Energy Partners by 27.3% during 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 during the period. Citigroup Inc. grew its position in shares of 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 acquiring an additional 333,531 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of NGL Energy Partners during the 3rd quarter valued at about $900,000. JPMorgan Chase & Co. grew its position in shares of NGL Energy Partners by 3.2% during 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 during the period. Finally, Prescott Group Capital Management L.L.C. grew its position in shares of NGL Energy Partners by 282.7% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 121,838 shares of the oil and gas company’s stock valued at $608,000 after acquiring an additional 90,000 shares during the period. 40.62% of the stock is currently owned by institutional investors and hedge funds.

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.