NGL Energy Partners Price Performance
Shares of NGL stock opened at $4.11 on Tuesday. The stock’s 50-day moving average is $4.00 and its 200 day moving average is $3.82. NGL Energy Partners has a 1-year low of $1.00 and a 1-year high of $4.62. The company has a debt-to-equity ratio of 5.96, a current ratio of 1.20 and a quick ratio of 1.00. The company has a market cap of $542.23 million, a P/E ratio of -8.56 and a beta of 1.62.
Hedge Funds Weigh In On NGL Energy Partners
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Morgan Stanley grew its stake in shares of NGL Energy Partners by 12.0% during the third quarter. Morgan Stanley now owns 11,297,667 shares of the oil and gas company’s stock worth $43,722,000 after acquiring an additional 1,206,018 shares during the last quarter. GSA Capital Partners LLP grew its stake in shares of NGL Energy Partners by 14.1% during the third quarter. GSA Capital Partners LLP now owns 170,408 shares of the oil and gas company’s stock worth $659,000 after acquiring an additional 21,096 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of NGL Energy Partners by 11.0% during the third quarter. JPMorgan Chase & Co. now owns 7,321,678 shares of the oil and gas company’s stock worth $28,335,000 after acquiring an additional 728,304 shares during the last quarter. LPL Financial LLC grew its stake in shares of NGL Energy Partners by 46.5% during the third quarter. LPL Financial LLC now owns 29,875 shares of the oil and gas company’s stock worth $116,000 after acquiring an additional 9,489 shares during the last quarter. Finally, Citigroup Inc. purchased a new stake in shares of NGL Energy Partners during the third quarter worth about $152,000. Hedge funds and other institutional investors own 34.17% of the company’s stock.
NGL Energy Partners Company Profile
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.
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