John Raymond Purchases 1,126 Shares of NGL Energy Partners (NYSE:NGL) Stock

NGL Energy Partners LP (NYSE:NGL) Director John Raymond bought 1,126 shares of the stock in a transaction dated Friday, August 21st. The stock was purchased at an average cost of $16.25 per share, for a total transaction of $18,297.50. Following the acquisition, the director owned 51,126 shares in the company, valued at $830,797.50. The trade was a 2.25% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NGL Energy Partners Trading Up 6.7%

NGL stock traded up $1.10 during trading on Tuesday, hitting $17.43. 434,926 shares of the stock traded hands, compared to its average volume of 299,003. The stock has a market cap of $2.18 billion, a price-to-earnings ratio of -6.13 and a beta of 0.63. NGL Energy Partners LP has a one year low of $5.01 and a one year high of $18.80. The company has a 50 day simple moving average of $16.08 and a 200 day simple moving average of $14.69.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings data 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. The company had revenue of $989.99 million during the quarter, compared to analyst estimates of $346.13 million. NGL Energy Partners had a negative net margin of 3.76% and a negative return on equity of 39.51%. As a group, analysts predict that NGL Energy Partners LP will post 1.38 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in NGL Energy Partners by 18.7% in the third quarter. Bank of America Corp DE now owns 11,728,872 shares of the oil and gas company’s stock valued at $70,373,000 after purchasing an additional 1,843,849 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in NGL Energy Partners by 9.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 7,522,370 shares of the oil and gas company’s stock worth $75,224,000 after buying an additional 651,779 shares during the last quarter. ING Groep NV grew its position in shares of NGL Energy Partners by 4.9% during the 4th quarter. ING Groep NV now owns 5,174,803 shares of the oil and gas company’s stock worth $51,748,000 after buying an additional 243,000 shares during the period. JPMorgan Chase & Co. boosted its stake in NGL Energy Partners by 0.9% during the 4th quarter. JPMorgan Chase & Co. now owns 3,069,571 shares of the oil and gas company’s stock worth $30,696,000 after acquiring an additional 28,659 shares during the last quarter. Finally, Angelo Gordon & CO. L.P. bought a new position in NGL Energy Partners during the second quarter worth about $2,730,000. 40.62% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Zacks Research upgraded shares of NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research report 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 report on Thursday, June 4th. Finally, Wall Street Zen raised NGL Energy Partners from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, NGL Energy Partners has an average rating of “Buy”.

About NGL Energy Partners

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.