Mercer Global Advisors Inc. ADV acquired a new stake in shares of NGL Energy Partners LP (NYSE:NGL – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,125 shares of the oil and gas company’s stock, valued at approximately $61,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Prescott Group Capital Management L.L.C. grew its stake in shares of NGL Energy Partners by 282.7% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 121,838 shares of the oil and gas company’s stock valued at $608,000 after buying an additional 90,000 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of NGL Energy Partners by 42.4% during the fourth quarter. Van ECK Associates Corp now owns 31,672 shares of the oil and gas company’s stock valued at $158,000 after buying an additional 9,426 shares during the last quarter. Invesco Ltd. grew its stake in shares of NGL Energy Partners by 0.4% during the fourth quarter. Invesco Ltd. now owns 19,647,133 shares of the oil and gas company’s stock valued at $98,039,000 after buying an additional 85,000 shares during the last quarter. XTX Topco Ltd grew its stake in shares of NGL Energy Partners by 174.6% during the fourth quarter. XTX Topco Ltd now owns 27,933 shares of the oil and gas company’s stock valued at $139,000 after buying an additional 17,759 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of NGL Energy Partners during the fourth quarter valued at approximately $55,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Separately, StockNews.com cut NGL Energy Partners from a “buy” rating to a “hold” rating in a research note on Monday, April 21st.
NGL Energy Partners Stock Performance
NGL opened at $3.30 on Friday. The stock has a market cap of $435.64 million, a price-to-earnings ratio of -1.31 and a beta of 0.26. The stock’s 50 day moving average price is $3.66 and its 200-day moving average price is $4.42. NGL Energy Partners LP has a one year low of $2.64 and a one year high of $5.97.
NGL Energy Partners 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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