NGL Energy Partners LP $NGL Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. lowered its holdings in NGL Energy Partners LP (NYSE:NGL) by 11.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 28,745 shares of the oil and gas company’s stock after selling 3,677 shares during the quarter. D.A. Davidson & CO.’s holdings in NGL Energy Partners were worth $123,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its position in NGL Energy Partners by 3.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 5,248,614 shares of the oil and gas company’s stock worth $23,829,000 after purchasing an additional 165,249 shares in the last quarter. Citigroup Inc. boosted its position in NGL Energy Partners by 8.2% in the 1st quarter. Citigroup Inc. now owns 2,624,890 shares of the oil and gas company’s stock worth $11,917,000 after purchasing an additional 199,770 shares in the last quarter. ING Groep NV boosted its position in NGL Energy Partners by 8.4% in the 1st quarter. ING Groep NV now owns 1,325,803 shares of the oil and gas company’s stock worth $6,019,000 after purchasing an additional 103,000 shares in the last quarter. NBW Capital LLC boosted its position in NGL Energy Partners by 15.8% in the 1st quarter. NBW Capital LLC now owns 520,259 shares of the oil and gas company’s stock worth $2,362,000 after purchasing an additional 70,924 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in NGL Energy Partners in the 1st quarter worth approximately $1,300,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Insider Buying and Selling

In other news, Director James M. Collingsworth acquired 100,000 shares of NGL Energy Partners stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average cost of $5.80 per share, with a total value of $580,000.00. Following the purchase, the director owned 729,500 shares in the company, valued at $4,231,100. This trade represents a 15.89% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

NGL Energy Partners Stock Down 0.2%

NGL opened at $6.44 on Friday. The company has a market cap of $822.71 million, a price-to-earnings ratio of -15.70 and a beta of 0.38. NGL Energy Partners LP has a 52-week low of $2.64 and a 52-week high of $7.15. The firm’s fifty day simple moving average is $6.06 and its two-hundred day simple moving average is $4.66.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings data on Thursday, August 7th. The oil and gas company reported ($0.27) earnings per share (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 analysts’ expectations of $983.50 million. NGL Energy Partners had a net margin of 2.19% and a negative return on equity of 43.75%. On average, research analysts forecast that NGL Energy Partners LP will post -0.22 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of NGL Energy Partners in a research report on Friday. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

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.