Segall Bryant & Hamill LLC Invests $397,000 in NGL Energy Partners LP $NGL

Segall Bryant & Hamill LLC acquired a new stake in NGL Energy Partners LP (NYSE:NGL) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,500 shares of the oil and gas company’s stock, valued at approximately $397,000.

A number of other large investors have also made changes to their positions in NGL. CIBC Private Wealth Group LLC acquired a new position in NGL Energy Partners in the 3rd quarter valued at about $70,000. CIBC Bancorp USA Inc. acquired a new stake in shares of NGL Energy Partners during the 3rd quarter worth about $70,000. LPL Financial LLC acquired a new stake in shares of NGL Energy Partners during the 4th quarter worth about $120,000. Royal Bank of Canada grew its holdings in shares of NGL Energy Partners by 71.2% during the fourth quarter. Royal Bank of Canada now owns 14,454 shares of the oil and gas company’s stock worth $145,000 after buying an additional 6,009 shares in the last quarter. Finally, Quartz Partners LLC grew its holdings in shares of NGL Energy Partners by 6.8% during the first quarter. Quartz Partners LLC now owns 16,504 shares of the oil and gas company’s stock worth $203,000 after buying an additional 1,052 shares in the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on NGL. Zacks Research raised shares of NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Weiss Ratings cut shares of NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a research note 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, the stock presently has an average rating of “Buy”.

NGL Energy Partners Stock Up 1.5%

Shares of NGL opened at $17.26 on Friday. NGL Energy Partners LP has a fifty-two week low of $3.94 and a fifty-two week high of $18.80. The company’s fifty day moving average is $15.83 and its two-hundred day moving average is $14.16. The firm has a market cap of $2.15 billion, a PE ratio of -6.08 and a beta of 0.63.

NGL Energy Partners (NYSE:NGL) last issued its earnings results on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.37. NGL Energy Partners had a negative return on equity of 45.42% and a negative net margin of 3.76%.The business had revenue of $989.99 million for the quarter, compared to analyst estimates of $346.13 million. As a group, equities research analysts anticipate that NGL Energy Partners LP will post 0.82 earnings per share for the current year.

NGL Energy Partners declared that its board has authorized a stock repurchase plan on Thursday, April 9th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the oil and gas company to repurchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.