NGL Energy Partners (NGL) Sets New 12-Month High at $14.91

Shares of NGL Energy Partners LP (NYSE:NGL) hit a new 52-week high during trading on Friday . The stock traded as high as $14.91 and last traded at $14.85, with a volume of 61944 shares trading hands. The stock had previously closed at $14.73.

Several analysts have commented on the stock. Zacks Investment Research cut shares of NGL Energy Partners from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 17th. Credit Suisse Group cut shares of NGL Energy Partners from an “outperform” rating to a “neutral” rating and upped their target price for the company from $14.00 to $15.00 in a research report on Wednesday, February 20th. Wells Fargo & Co reiterated a “hold” rating on shares of NGL Energy Partners in a research report on Wednesday, February 13th. Finally, ValuEngine upgraded shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a research report on Wednesday, February 13th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. NGL Energy Partners has an average rating of “Hold” and an average price target of $13.67.

The stock has a market cap of $1.83 billion, a P/E ratio of -21.75 and a beta of 1.30. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.89 and a current ratio of 1.25.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 15th. Investors of record on Tuesday, May 7th were given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.55%. The ex-dividend date was Monday, May 6th. NGL Energy Partners’s dividend payout ratio is currently -229.41%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. RR Advisors LLC increased its position in shares of NGL Energy Partners by 6.1% in the 1st quarter. RR Advisors LLC now owns 2,890,000 shares of the oil and gas company’s stock valued at $40,544,000 after buying an additional 167,000 shares in the last quarter. CWM Advisors LLC bought a new stake in shares of NGL Energy Partners in the 1st quarter valued at $155,000. HighTower Advisors LLC increased its position in shares of NGL Energy Partners by 31.4% in the 1st quarter. HighTower Advisors LLC now owns 119,914 shares of the oil and gas company’s stock valued at $1,680,000 after buying an additional 28,641 shares in the last quarter. Morgan Stanley increased its position in shares of NGL Energy Partners by 11.5% in the 1st quarter. Morgan Stanley now owns 1,356,169 shares of the oil and gas company’s stock valued at $19,026,000 after buying an additional 139,717 shares in the last quarter. Finally, SEI Investments Co bought a new stake in shares of NGL Energy Partners in the 1st quarter valued at $356,000. Institutional investors and hedge funds own 64.20% of the company’s stock.

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About NGL Energy Partners (NYSE:NGL)

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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