NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill Purchases 15,000 Shares

NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill acquired 15,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was acquired at an average cost of $4.49 per share, with a total value of $67,350.00. Following the completion of the purchase, the chief executive officer now owns 603,000 shares of the company’s stock, valued at $2,707,470. This trade represents a 2.55 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

NGL Energy Partners Price Performance

NYSE:NGL opened at $4.88 on Friday. NGL Energy Partners LP has a 1-year low of $3.84 and a 1-year high of $6.20. The company has a 50-day moving average of $5.09 and a 200 day moving average of $4.62. The firm has a market cap of $643.81 million, a PE ratio of -1.94 and a beta of 1.71.

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

Institutional Trading of NGL Energy Partners

Several hedge funds have recently modified their holdings of NGL. XTX Topco Ltd purchased a new stake in shares of NGL Energy Partners during the third quarter valued at about $46,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of NGL Energy Partners during the third quarter valued at about $46,000. Raymond James Financial Inc. purchased a new stake in shares of NGL Energy Partners during the fourth quarter valued at about $55,000. International Assets Investment Management LLC lifted its position in shares of NGL Energy Partners by 350.0% during the third quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company’s stock valued at $57,000 after buying an additional 9,800 shares during the last quarter. Finally, one8zero8 LLC purchased a new stake in shares of NGL Energy Partners during the fourth quarter valued at about $58,000. 40.62% of the stock is owned by hedge funds and other institutional investors.

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.