GSA Capital Partners LLP lessened its stake in shares of NGL Energy Partners LP (NYSE:NGL – Free Report) by 52.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,110 shares of the oil and gas company’s stock after selling 123,591 shares during the period. GSA Capital Partners LLP owned approximately 0.08% of NGL Energy Partners worth $634,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NGL. Frazier Financial Advisors LLC bought a new position in NGL Energy Partners during the 4th quarter valued at approximately $28,000. Visionary Horizons LLC purchased a new stake in NGL Energy Partners during the 4th quarter valued at $56,000. International Assets Investment Management LLC boosted its stake in NGL Energy Partners by 457.0% during the 4th quarter. International Assets Investment Management LLC now owns 15,596 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 12,796 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in NGL Energy Partners during the 4th quarter valued at $104,000. Finally, Canvas Wealth Advisors LLC boosted its stake in NGL Energy Partners by 8.7% during the 1st quarter. Canvas Wealth Advisors LLC now owns 21,748 shares of the oil and gas company’s stock valued at $124,000 after purchasing an additional 1,748 shares during the last quarter. Institutional investors own 40.62% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded NGL Energy Partners from a “buy” rating to a “hold” rating in a research note on Monday, June 10th.
Check Out Our Latest Report on NGL Energy Partners
NGL Energy Partners Price Performance
NYSE NGL opened at $4.60 on Friday. The company has a current ratio of 1.21, a quick ratio of 1.07 and a debt-to-equity ratio of 28.52. The business’s fifty day moving average is $5.39 and its 200 day moving average is $5.61. NGL Energy Partners LP has a fifty-two week low of $3.68 and a fifty-two week high of $6.20.
NGL Energy Partners (NYSE:NGL – Get Free Report) last released its earnings results 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). The company had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.97 billion. NGL Energy Partners had a negative net margin of 2.07% and a positive return on equity of 20.54%. Research analysts forecast that NGL Energy Partners LP will post 1.47 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.
Featured Articles
Receive News & Ratings for NGL Energy Partners Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for NGL Energy Partners and related companies with MarketBeat.com’s FREE daily email newsletter.
