Stephens Inc. AR Buys 50,000 Shares of NGL Energy Partners LP (NYSE:NGL)

Stephens Inc. AR grew its position in shares of NGL Energy Partners LP (NYSE:NGL) by 49.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 152,000 shares of the oil and gas company’s stock after acquiring an additional 50,000 shares during the quarter. Stephens Inc. AR’s holdings in NGL Energy Partners were worth $684,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBW Capital LLC boosted its position in NGL Energy Partners by 40.7% in the first quarter. NBW Capital LLC now owns 438,962 shares of the oil and gas company’s stock worth $2,528,000 after purchasing an additional 126,881 shares during the last quarter. Tidal Investments LLC boosted its holdings in shares of NGL Energy Partners by 42.4% in the first quarter. Tidal Investments LLC now owns 38,322 shares of the oil and gas company’s stock worth $221,000 after buying an additional 11,419 shares during the last quarter. Sanctuary Advisors LLC bought a new stake in NGL Energy Partners during the second quarter valued at approximately $721,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in NGL Energy Partners during the third quarter valued at approximately $900,000. Finally, Janney Montgomery Scott LLC raised its position in NGL Energy Partners by 9.7% in the first quarter. Janney Montgomery Scott LLC now owns 32,210 shares of the oil and gas company’s stock worth $186,000 after acquiring an additional 2,845 shares during the period. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

NGL Energy Partners Trading Up 2.4 %

Shares of NGL stock opened at $4.08 on Wednesday. The company has a debt-to-equity ratio of 28.52, a current ratio of 1.15 and a quick ratio of 0.96. The company has a market cap of $539.98 million, a price-to-earnings ratio of -1.85 and a beta of 1.70. NGL Energy Partners LP has a 1 year low of $3.80 and a 1 year high of $6.20. The firm has a fifty day moving average price of $4.36 and a 200-day moving average price of $4.86.

NGL Energy Partners (NYSE:NGL) last released its quarterly earnings results on Thursday, August 8th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.27). NGL Energy Partners had a negative net margin of 2.28% and a positive return on equity of 36.54%. The company had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same period in the prior year, the firm posted ($0.11) EPS. As a group, equities analysts predict that NGL Energy Partners LP will post 0.33 earnings per share for the current year.

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.