Cwm LLC Purchases 2,500 Shares of NGL Energy Partners LP (NYSE:NGL)

Cwm LLC lifted its position in NGL Energy Partners LP (NYSE:NGL) by 6.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 40,204 shares of the oil and gas company’s stock after acquiring an additional 2,500 shares during the period. Cwm LLC’s holdings in NGL Energy Partners were worth $224,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in NGL. Visionary Horizons LLC purchased a new position in NGL Energy Partners in the 4th quarter worth about $56,000. Jump Financial LLC purchased a new position in NGL Energy Partners during the 3rd quarter valued at about $77,000. International Assets Investment Management LLC increased its position 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 period. Scissortail Wealth Management LLC purchased a new position in NGL Energy Partners during the 4th quarter valued at about $150,000. Finally, Citigroup Inc. purchased a new position in NGL Energy Partners during the 3rd quarter valued at about $152,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

NGL Energy Partners Stock Up 0.9 %

Shares of NGL Energy Partners stock opened at $5.91 on Friday. The firm’s 50 day moving average price is $5.87 and its 200-day moving average price is $5.25. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 5.24. NGL Energy Partners LP has a 52-week low of $2.63 and a 52-week high of $6.20. The company has a market cap of $783.13 million, a P/E ratio of -10.02 and a beta of 1.61.

NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings data on Thursday, February 8th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.05. NGL Energy Partners had a net margin of 0.34% and a return on equity of 22.44%. The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $2.05 billion. On average, sell-side analysts predict that NGL Energy Partners LP will post 0.1 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James M. Collingsworth bought 30,101 shares of the stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average cost of $5.81 per share, for a total transaction of $174,886.81. Following the purchase, the director now directly owns 559,601 shares of the company’s stock, valued at $3,251,281.81. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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.