NGL Energy Partners LP (NYSE:NGL) Shares Acquired by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. boosted its position in NGL Energy Partners LP (NYSE:NGL) by 282.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,838 shares of the oil and gas company’s stock after purchasing an additional 90,000 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in NGL Energy Partners were worth $608,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NGL. Raymond James Financial Inc. acquired a new stake in shares of NGL Energy Partners in the fourth quarter valued at $55,000. Van ECK Associates Corp raised its position in NGL Energy Partners by 42.4% in the fourth quarter. Van ECK Associates Corp now owns 31,672 shares of the oil and gas company’s stock worth $158,000 after acquiring an additional 9,426 shares in the last quarter. JPMorgan Chase & Co. raised its position in NGL Energy Partners by 3.2% in the third quarter. JPMorgan Chase & Co. now owns 5,008,565 shares of the oil and gas company’s stock worth $22,539,000 after acquiring an additional 154,098 shares in the last quarter. Tidal Investments LLC lifted its holdings in NGL Energy Partners by 33.3% in the 3rd quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company’s stock valued at $160,000 after acquiring an additional 8,877 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of NGL Energy Partners in the 3rd quarter worth approximately $46,000. 40.62% of the stock is owned by institutional investors.

NGL Energy Partners Price Performance

NGL Energy Partners stock opened at $4.75 on Friday. The company has a market cap of $627.06 million, a P/E ratio of -1.88 and a beta of 1.71. NGL Energy Partners LP has a fifty-two week low of $3.84 and a fifty-two week high of $6.20. The firm’s 50 day simple moving average is $5.08 and its 200-day simple moving average is $4.66.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings data on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.25). NGL Energy Partners had a negative return on equity of 29.77% and a negative net margin of 3.57%. On average, analysts expect that NGL Energy Partners LP will post -0.22 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com raised NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Monday.

Insider Activity at NGL Energy Partners

In other NGL Energy Partners news, CEO H Michael Krimbill acquired 15,000 shares of the firm’s stock in a transaction on Thursday, February 13th. The stock was purchased at an average cost of $4.49 per share, for a total transaction of $67,350.00. Following the transaction, the chief executive officer now owns 603,000 shares of the company’s stock, valued at $2,707,470. The trade was a 2.55 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.