NGL Energy Partners (NYSE:NGL) Trading Up 4.3% on Insider Buying Activity

NGL Energy Partners LP (NYSE:NGL) traded up 4.3% during trading on Friday following insider buying activity. The company traded as high as $18.36 and last traded at $18.27. Approximately 137,347 shares were traded during mid-day trading, a decline of 54% from the average session volume of 296,993 shares. The stock had previously closed at $17.52.

Specifically, Director James M. Collingsworth acquired 2,289 shares of the stock in a transaction on Thursday, August 27th. The shares were purchased at an average cost of $17.00 per share, for a total transaction of $38,913.00. Following the transaction, the director owned 766,797 shares in the company, valued at approximately $13,035,549. This trade represents a 0.30% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James M. Collingsworth bought 10,808 shares of the business’s stock in a transaction on Tuesday, August 25th. The shares were purchased at an average cost of $16.82 per share, for a total transaction of $181,790.56. Following the completion of the purchase, the director owned 764,308 shares in the company, valued at approximately $12,855,660.56. This trade represents a 1.43% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In other NGL Energy Partners news, Director John T. Raymond bought 300,000 shares of NGL Energy Partners stock in a transaction dated Tuesday, August 25th. The stock was bought at an average price of $16.98 per share, for a total transaction of $5,094,000.00. Following the completion of the acquisition, the director directly owned 376,626 shares of the company’s stock, valued at approximately $6,395,109.48. This trade represents a 391.51% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Zacks Research raised NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. Wall Street Zen raised NGL Energy Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Weiss Ratings lowered NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy”.

NGL Energy Partners Stock Up 3.7%

The stock’s 50 day moving average price is $16.18 and its two-hundred day moving average price is $14.80. The firm has a market capitalization of $2.27 billion, a price-to-earnings ratio of -6.40 and a beta of 0.63.

NGL Energy Partners (NYSE:NGL) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.37. The firm had revenue of $989.99 million during the quarter, compared to analysts’ expectations of $346.13 million. NGL Energy Partners had a negative return on equity of 39.51% and a negative net margin of 3.76%. On average, equities analysts expect that NGL Energy Partners LP will post 1.38 EPS for the current fiscal year.

Institutional Investors Weigh In On NGL Energy Partners

A number of large investors have recently bought and sold shares of NGL. Quartz Partners LLC boosted its stake in shares of NGL Energy Partners by 6.8% during the 1st quarter. Quartz Partners LLC now owns 16,504 shares of the oil and gas company’s stock worth $203,000 after acquiring an additional 1,052 shares in the last quarter. Carter Financial Group INC. boosted its holdings in shares of NGL Energy Partners by 3.1% during the 2nd quarter. Carter Financial Group INC. now owns 66,889 shares of the oil and gas company’s stock worth $1,066,000 after buying an additional 2,000 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of NGL Energy Partners by 9.4% during the 4th quarter. Wells Fargo & Company MN now owns 34,800 shares of the oil and gas company’s stock worth $348,000 after buying an additional 3,000 shares during the period. XTX Topco Ltd grew its stake in NGL Energy Partners by 9.0% in the 4th quarter. XTX Topco Ltd now owns 37,579 shares of the oil and gas company’s stock valued at $376,000 after buying an additional 3,103 shares during the last quarter. Finally, Massar Capital Management LP grew its stake in NGL Energy Partners by 23.2% in the 2nd quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company’s stock valued at $120,000 after buying an additional 5,295 shares during the last quarter. 40.62% of the stock is currently owned by institutional investors.

NGL Energy Partners Company Profile

NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.

The partnership’s asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.