NGL Energy Partners LP (NYSE:NGL) Shares Sold by Cwm LLC

Cwm LLC cut its holdings in shares of NGL Energy Partners LP (NYSE:NGL) by 61.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,704 shares of the oil and gas company’s stock after selling 12,500 shares during the quarter. Cwm LLC’s holdings in NGL Energy Partners were worth $35,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE raised its stake in shares of NGL Energy Partners by 27.3% in the 4th quarter. Bank of America Corp DE now owns 6,812,752 shares of the oil and gas company’s stock valued at $33,996,000 after acquiring an additional 1,461,754 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of NGL Energy Partners in the 4th quarter valued at approximately $61,000. Invesco Ltd. raised its stake in shares of NGL Energy Partners by 0.4% in the 4th quarter. Invesco Ltd. now owns 19,647,133 shares of the oil and gas company’s stock valued at $98,039,000 after acquiring an additional 85,000 shares during the period. Jane Street Group LLC purchased a new stake in shares of NGL Energy Partners in the 4th quarter valued at approximately $182,000. Finally, XTX Topco Ltd raised its stake in shares of NGL Energy Partners by 174.6% in the 4th quarter. XTX Topco Ltd now owns 27,933 shares of the oil and gas company’s stock valued at $139,000 after acquiring an additional 17,759 shares during the period. 40.62% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of NGL Energy Partners from a “buy” rating to a “hold” rating in a research note on Monday, April 21st.

NGL Energy Partners Price Performance

Shares of NYSE:NGL opened at $4.07 on Tuesday. The stock has a market cap of $537.28 million, a P/E ratio of -6.90 and a beta of 0.39. The firm has a fifty day moving average price of $4.16 and a 200 day moving average price of $4.18. NGL Energy Partners LP has a 1-year low of $2.64 and a 1-year high of $5.73.

NGL Energy Partners (NYSE:NGL) last released its earnings results on Thursday, May 29th. The oil and gas company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.01 by $0.06. NGL Energy Partners had a net margin of 0.75% and a negative return on equity of 47.87%. The company had revenue of $971.07 million during the quarter, compared to analysts’ expectations of $1.05 billion. Sell-side analysts expect that NGL Energy Partners LP will post -0.22 EPS for the current fiscal year.

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.