Cetera Investment Advisers Raises Holdings in NGL Energy Partners LP (NYSE:NGL)

Cetera Investment Advisers lifted its holdings in shares of NGL Energy Partners LP (NYSE:NGL) by 2.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 277,869 shares of the oil and gas company’s stock after buying an additional 5,865 shares during the period. Cetera Investment Advisers owned about 0.21% of NGL Energy Partners worth $1,262,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of NGL. Raymond James Financial Inc. purchased a new position in NGL Energy Partners in the 4th quarter valued at approximately $55,000. Two Sigma Securities LLC acquired a new stake in shares of NGL Energy Partners during the fourth quarter worth $59,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of NGL Energy Partners during the fourth quarter worth $61,000. Scissortail Wealth Management LLC acquired a new position in NGL Energy Partners in the fourth quarter valued at $71,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in NGL Energy Partners in the fourth quarter valued at $79,000. 40.62% of the stock is owned by hedge funds and other institutional investors.

NGL Energy Partners Stock Up 11.0%

Shares of NGL Energy Partners stock opened at $4.44 on Monday. The firm has a market cap of $567.65 million, a P/E ratio of -10.83 and a beta of 0.39. NGL Energy Partners LP has a fifty-two week low of $2.64 and a fifty-two week high of $5.73. The business has a 50-day moving average price of $4.22 and a 200 day moving average price of $4.14.

NGL Energy Partners (NYSE:NGL) last posted its earnings results on Thursday, August 7th. The oil and gas company reported ($0.27) EPS for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The company had revenue of $622.16 million for the quarter, compared to the consensus estimate of $983.50 million. NGL Energy Partners had a net margin of 2.19% and a negative return on equity of 43.75%. As a group, equities research analysts anticipate that NGL Energy Partners LP will post -0.22 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.