Tidal Investments LLC Buys 8,877 Shares of NGL Energy Partners LP (NYSE:NGL)

Tidal Investments LLC boosted its stake in NGL Energy Partners LP (NYSE:NGL) by 33.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 35,527 shares of the oil and gas company’s stock after purchasing an additional 8,877 shares during the period. Tidal Investments LLC’s holdings in NGL Energy Partners were worth $160,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NGL Energy Partners in the third quarter worth $46,000. XTX Topco Ltd purchased a new position in NGL Energy Partners in the third quarter worth about $46,000. International Assets Investment Management LLC grew its stake in shares of NGL Energy Partners by 350.0% during the 3rd quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company’s stock valued at $57,000 after purchasing an additional 9,800 shares during the period. FLC Capital Advisors purchased a new stake in shares of NGL Energy Partners during the 3rd quarter valued at about $103,000. Finally, Van ECK Associates Corp lifted its stake in shares of NGL Energy Partners by 26.4% in the 2nd quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company’s stock worth $124,000 after purchasing an additional 5,128 shares during the period. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

NGL Energy Partners Stock Performance

NGL opened at $4.77 on Thursday. NGL Energy Partners LP has a 12-month low of $3.84 and a 12-month high of $6.20. The company has a market cap of $629.70 million, a price-to-earnings ratio of -2.06 and a beta of 1.75. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 28.52. The company’s 50 day moving average is $4.45 and its 200 day moving average is $4.55.

NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings data on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.20). The business had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.56 billion. NGL Energy Partners had a negative net margin of 2.87% and a positive return on equity of 77.15%. During the same period in the previous year, the firm earned ($0.05) EPS. On average, equities research analysts predict that NGL Energy Partners LP will post 0.11 EPS for the current 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.