NGL Energy Partners LP (NYSE:NGL) Director Purchases $82,812.50 in Stock

NGL Energy Partners LP (NYSE:NGL) Director James M. Collingsworth bought 6,250 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was bought at an average price of $13.25 per share, for a total transaction of $82,812.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of NGL Energy Partners stock opened at $12.76 on Friday. The stock has a market cap of $1.69 billion, a PE ratio of -10.13, a price-to-earnings-growth ratio of 8.20 and a beta of 1.06. The business has a fifty day simple moving average of $14.53 and a 200-day simple moving average of $14.05. The company has a quick ratio of 0.98, a current ratio of 1.42 and a debt-to-equity ratio of 1.59. NGL Energy Partners LP has a 12 month low of $8.71 and a 12 month high of $15.71.

NGL Energy Partners (NYSE:NGL) last issued its earnings results on Thursday, August 8th. The oil and gas company reported ($0.96) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.89). The business had revenue of $6.64 billion during the quarter, compared to analyst estimates of $5.40 billion. NGL Energy Partners had a negative return on equity of 1.15% and a net margin of 1.54%. The firm’s revenue was up 13.6% compared to the same quarter last year. Analysts expect that NGL Energy Partners LP will post 0.82 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were given a $0.39 dividend. The ex-dividend date of this dividend was Tuesday, August 6th. This represents a $1.56 annualized dividend and a dividend yield of 12.23%. NGL Energy Partners’s dividend payout ratio (DPR) is presently -123.81%.

A number of equities analysts recently issued reports on NGL shares. UBS Group lifted their target price on NGL Energy Partners from $16.00 to $17.00 and gave the stock a “buy” rating in a report on Monday, August 12th. Zacks Investment Research cut NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Raymond James set a $18.00 target price on NGL Energy Partners and gave the stock a “buy” rating in a report on Friday, May 24th. Piper Jaffray Companies began coverage on NGL Energy Partners in a research report on Wednesday, July 17th. They issued a “neutral” rating and a $17.00 target price for the company. Finally, ValuEngine cut NGL Energy Partners from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $15.75.

Several institutional investors have recently modified their holdings of the company. Marshall Wace North America L.P. boosted its position in NGL Energy Partners by 96.4% during the first quarter. Marshall Wace North America L.P. now owns 300,715 shares of the oil and gas company’s stock valued at $4,219,000 after purchasing an additional 147,586 shares during the last quarter. RR Advisors LLC boosted its position in NGL Energy Partners by 6.1% during the first quarter. RR Advisors LLC now owns 2,890,000 shares of the oil and gas company’s stock valued at $40,544,000 after purchasing an additional 167,000 shares during the last quarter. Raymond James & Associates boosted its position in NGL Energy Partners by 14.9% during the first quarter. Raymond James & Associates now owns 145,211 shares of the oil and gas company’s stock valued at $2,037,000 after purchasing an additional 18,838 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in NGL Energy Partners during the first quarter valued at $2,916,000. Finally, Arrow Investment Advisors LLC boosted its position in NGL Energy Partners by 17.6% during the first quarter. Arrow Investment Advisors LLC now owns 51,422 shares of the oil and gas company’s stock valued at $721,000 after purchasing an additional 7,706 shares during the last quarter. 59.40% of the stock is owned by institutional investors and hedge funds.

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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