NGL Energy Partners LP (NYSE:NGL) Stock Holdings Trimmed by NBW Capital LLC

NBW Capital LLC reduced its position in NGL Energy Partners LP (NYSE:NGL) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 449,335 shares of the oil and gas company’s stock after selling 2,612 shares during the quarter. NBW Capital LLC owned approximately 0.34% of NGL Energy Partners worth $2,242,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of NGL. XTX Topco Ltd bought a new stake in NGL Energy Partners in the third quarter valued at about $46,000. Wealth Enhancement Advisory Services LLC bought a new stake in NGL Energy Partners in the third quarter valued at about $46,000. International Assets Investment Management LLC increased its holdings in NGL Energy Partners by 350.0% in the third quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company’s stock valued at $57,000 after buying an additional 9,800 shares during the last quarter. Van ECK Associates Corp increased its holdings in NGL Energy Partners by 42.4% in 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 buying an additional 9,426 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in NGL Energy Partners by 33.3% in the third quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company’s stock valued at $160,000 after buying an additional 8,877 shares during the last quarter. 40.62% of the stock is owned by institutional investors.

Insider Buying and Selling

In other NGL Energy Partners news, CEO H Michael Krimbill acquired 15,000 shares of the firm’s stock in a transaction that occurred 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 acquisition, the chief executive officer now directly owns 603,000 shares of the company’s stock, valued at $2,707,470. This represents a 2.55 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Analysts Set New Price Targets

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

NGL Energy Partners Trading Down 3.4 %

NYSE:NGL opened at $4.67 on Tuesday. The firm has a market capitalization of $615.84 million, a PE ratio of -1.85 and a beta of 1.71. The stock has a 50 day moving average of $5.08 and a 200-day moving average of $4.65. NGL Energy Partners LP has a 52 week low of $3.84 and a 52 week 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 net margin of 3.57% and a negative return on equity of 29.77%. As a group, analysts predict that NGL Energy Partners LP will post -0.22 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.