Tidal Investments LLC lifted its stake in shares of NGL Energy Partners LP (NYSE:NGL – Free Report) by 42.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 38,322 shares of the oil and gas company’s stock after buying an additional 11,419 shares during the period. Tidal Investments LLC’s holdings in NGL Energy Partners were worth $221,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Fractal Investments LLC boosted its position in shares of NGL Energy Partners by 316.3% during 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 buying an additional 632,492 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of 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 valued at $29,106,000 after buying an additional 3,078,422 shares during the last quarter. ING Groep NV boosted its position in shares of NGL Energy Partners by 45.6% during the fourth quarter. ING Groep NV now owns 811,000 shares of the oil and gas company’s stock valued at $4,517,000 after buying an additional 253,900 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of NGL Energy Partners by 226.7% during the fourth quarter. BNP Paribas Financial Markets now owns 566,117 shares of the oil and gas company’s stock valued at $3,153,000 after buying an additional 392,823 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in shares of NGL Energy Partners by 9.7% during the first quarter. Janney Montgomery Scott LLC now owns 32,210 shares of the oil and gas company’s stock valued at $186,000 after buying an additional 2,845 shares during the last quarter. Hedge funds and other institutional investors own 40.62% of the company’s stock.
NGL Energy Partners Stock Up 5.1 %
NGL stock opened at $4.30 on Friday. The stock’s fifty day simple moving average is $4.94 and its two-hundred day simple moving average is $5.50. 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 1-year low of $3.68 and a 1-year high of $6.20. The stock has a market cap of $569.81 million, a P/E ratio of -2.02 and a beta of 1.69.
NGL Energy Partners (NYSE:NGL – Get Free Report) last posted its quarterly earnings data on Thursday, June 6th. The oil and gas company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.57). NGL Energy Partners had a positive return on equity of 20.54% and a negative net margin of 2.07%. The business had revenue of $1.63 billion during the quarter, compared to analysts’ expectations of $1.97 billion. Analysts expect that NGL Energy Partners LP will post 1.46 EPS for the current year.
Analyst Ratings Changes
Separately, StockNews.com cut NGL Energy Partners from a “buy” rating to a “hold” rating in a research report on Monday, June 10th.
Get Our Latest Research Report on NGL Energy Partners
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.
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