Wealth Enhancement Advisory Services LLC Invests $46,000 in NGL Energy Partners LP (NYSE:NGL)

Wealth Enhancement Advisory Services LLC purchased a new position in NGL Energy Partners LP (NYSE:NGL) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,307 shares of the oil and gas company’s stock, valued at approximately $46,000.

Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in NGL Energy Partners by 9.7% in the first quarter. Janney Montgomery Scott LLC now owns 32,210 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 2,845 shares during the last quarter. Van ECK Associates Corp increased its stake in NGL Energy Partners by 26.4% in the second quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company’s stock valued at $124,000 after purchasing an additional 5,128 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its stake in NGL Energy Partners by 11.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 68,234 shares of the oil and gas company’s stock valued at $345,000 after purchasing an additional 6,834 shares during the last quarter. International Assets Investment Management LLC grew its position in NGL Energy Partners by 350.0% during the third quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company’s stock valued at $57,000 after acquiring an additional 9,800 shares during the period. Finally, Tidal Investments LLC grew its position in NGL Energy Partners by 42.4% during the first quarter. Tidal Investments LLC now owns 38,322 shares of the oil and gas company’s stock valued at $221,000 after acquiring an additional 11,419 shares during the period. 40.62% of the stock is owned by institutional investors and hedge funds.

NGL Energy Partners Price Performance

NGL stock opened at $4.33 on Thursday. The stock has a 50-day moving average price of $4.37 and a two-hundred day moving average price of $4.78. NGL Energy Partners LP has a 12-month low of $3.84 and a 12-month high of $6.20. The company has a current ratio of 1.15, a quick ratio of 0.96 and a debt-to-equity ratio of 28.52. The company has a market cap of $573.77 million, a PE ratio of -1.87 and a beta of 1.70.

About NGL Energy Partners

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.