HighTower Advisors LLC Has $1.25 Million Stock Holdings in NGL Energy Partners LP $NGL

HighTower Advisors LLC grew its position in NGL Energy Partners LP (NYSE:NGL) by 809.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 275,280 shares of the oil and gas company’s stock after purchasing an additional 245,000 shares during the quarter. HighTower Advisors LLC owned approximately 0.21% of NGL Energy Partners worth $1,250,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Bank of America Corp DE boosted its stake in NGL Energy Partners by 27.3% during the fourth quarter. Bank of America Corp DE now owns 6,812,752 shares of the oil and gas company’s stock worth $33,996,000 after acquiring an additional 1,461,754 shares in the last quarter. Citigroup Inc. raised its holdings in NGL Energy Partners by 8.2% during the first quarter. Citigroup Inc. now owns 2,624,890 shares of the oil and gas company’s stock worth $11,917,000 after buying an additional 199,770 shares during the last quarter. ING Groep NV raised its holdings in NGL Energy Partners by 8.4% during the first quarter. ING Groep NV now owns 1,325,803 shares of the oil and gas company’s stock worth $6,019,000 after buying an additional 103,000 shares during the last quarter. NBW Capital LLC raised its holdings in NGL Energy Partners by 15.8% during the first quarter. NBW Capital LLC now owns 520,259 shares of the oil and gas company’s stock worth $2,362,000 after buying an additional 70,924 shares during the last quarter. Finally, Inscription Capital LLC acquired a new position in NGL Energy Partners during the first quarter worth $182,000. 40.62% of the stock is owned by institutional investors.

NGL Energy Partners Trading Up 6.3%

NGL opened at $5.21 on Tuesday. The company’s fifty day moving average price is $4.44 and its two-hundred day moving average price is $4.10. NGL Energy Partners LP has a 1-year low of $2.64 and a 1-year high of $5.73. The company has a market cap of $666.10 million, a price-to-earnings ratio of -12.71 and a beta of 0.39.

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

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.