Bramshill Investments LLC reduced its holdings in shares of NGL Energy Partners LP (NYSE:NGL) by 6.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,585 shares of the oil and gas company’s stock after selling 6,355 shares during the quarter. Bramshill Investments LLC owned approximately 0.08% of NGL Energy Partners worth $1,145,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Hilltop Holdings Inc. acquired a new stake in shares of NGL Energy Partners during the 1st quarter worth about $121,000. Kayne Anderson Capital Advisors LP acquired a new stake in shares of NGL Energy Partners during the 2nd quarter worth about $125,000. Russell Investments Group Ltd. acquired a new stake in shares of NGL Energy Partners during the 2nd quarter worth about $166,000. Centaurus Financial Inc. acquired a new stake in shares of NGL Energy Partners during the 2nd quarter worth about $246,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of NGL Energy Partners by 70.7% in the first quarter. BNP Paribas Arbitrage SA now owns 24,106 shares of the oil and gas company’s stock worth $265,000 after acquiring an additional 9,986 shares during the last quarter. Hedge funds and other institutional investors own 63.34% of the company’s stock.
Several equities research analysts recently issued reports on the stock. TheStreet raised shares of NGL Energy Partners from a “d+” rating to a “c-” rating in a research report on Monday, June 25th. ValuEngine cut shares of NGL Energy Partners from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Bank of America decreased their target price on shares of NGL Energy Partners from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, October 1st. Zacks Investment Research cut shares of NGL Energy Partners from a “buy” rating to a “hold” rating in a research report on Thursday, June 14th. Finally, Wells Fargo & Co decreased their target price on shares of NGL Energy Partners from $14.00 to $11.00 and set a “market perform” rating on the stock in a research report on Monday, September 24th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $14.14.
In other news, CEO H Michael Krimbill purchased 20,000 shares of NGL Energy Partners stock in a transaction dated Friday, August 31st. The stock was bought at an average price of $11.65 per share, with a total value of $233,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Raymond purchased 50,000 shares of NGL Energy Partners stock in a transaction dated Friday, September 14th. The shares were purchased at an average cost of $11.04 per share, with a total value of $552,000.00. Following the acquisition, the director now owns 50,000 shares of the company’s stock, valued at approximately $552,000. The disclosure for this purchase can be found here.
Shares of NYSE:NGL traded down $0.03 during midday trading on Monday, reaching $11.13. The company had a trading volume of 444,101 shares, compared to its average volume of 811,249. The company has a current ratio of 2.14, a quick ratio of 1.59 and a debt-to-equity ratio of 1.63. The firm has a market cap of $1.42 billion, a PE ratio of -16.37 and a beta of 1.16. NGL Energy Partners LP has a one year low of $10.00 and a one year high of $17.65.
NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings results on Tuesday, August 7th. The oil and gas company reported ($1.26) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.33) by ($0.93). The company had revenue of $5.84 billion during the quarter, compared to the consensus estimate of $4.53 billion. NGL Energy Partners had a negative return on equity of 0.54% and a negative net margin of 1.01%. As a group, equities research analysts forecast that NGL Energy Partners LP will post -0.44 EPS for the current fiscal year.
About NGL Energy Partners
NGL Energy Partners LP, together with its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, trucking, marine, and pipeline transportation services.
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