NBW Capital LLC Boosts Stake in NGL Energy Partners LP (NYSE:NGL)

NBW Capital LLC boosted its holdings in NGL Energy Partners LP (NYSE:NGL) by 40.7% in the 1st quarter, HoldingsChannel reports. The fund owned 438,962 shares of the oil and gas company’s stock after acquiring an additional 126,881 shares during the quarter. NBW Capital LLC’s holdings in NGL Energy Partners were worth $2,528,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NGL. Goldman Sachs Group Inc. boosted its holdings in NGL Energy Partners by 143.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,225,500 shares of the oil and gas company’s stock worth $29,106,000 after buying an additional 3,078,422 shares in the last quarter. Fractal Investments LLC grew its position in shares of NGL Energy Partners by 316.3% in the fourth quarter. Fractal Investments LLC now owns 832,479 shares of the oil and gas company’s stock valued at $4,637,000 after purchasing an additional 632,492 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of NGL Energy Partners by 226.7% during the 4th quarter. BNP Paribas Financial Markets now owns 566,117 shares of the oil and gas company’s stock worth $3,153,000 after purchasing an additional 392,823 shares in the last quarter. ING Groep NV raised its position in shares of NGL Energy Partners by 45.6% during the 4th quarter. ING Groep NV now owns 811,000 shares of the oil and gas company’s stock worth $4,517,000 after purchasing an additional 253,900 shares during the last quarter. Finally, Jump Financial LLC lifted its stake in NGL Energy Partners by 372.0% in the 4th quarter. Jump Financial LLC now owns 93,584 shares of the oil and gas company’s stock valued at $521,000 after buying an additional 73,755 shares in the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded NGL Energy Partners from a “buy” rating to a “hold” rating in a research report on Monday, June 10th.

NGL Energy Partners Trading Down 5.9 %

Shares of NGL Energy Partners stock traded down $0.27 during trading hours on Friday, reaching $4.34. 342,167 shares of the company’s stock were exchanged, compared to its average volume of 307,294. The firm has a market capitalization of $575.09 million, a price-to-earnings ratio of -2.04 and a beta of 1.69. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 28.52. NGL Energy Partners LP has a 52-week low of $3.68 and a 52-week high of $6.20. The company has a fifty day moving average of $5.09 and a 200-day moving average of $5.54.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings data on Thursday, June 6th. The oil and gas company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.57). NGL Energy Partners had a negative net margin of 2.07% and a positive return on equity of 20.54%. The company had revenue of $1.63 billion for the quarter, compared to analyst estimates of $1.97 billion. Sell-side analysts forecast that NGL Energy Partners LP will post 1.46 EPS for the current fiscal year.

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.