Insider Selling: NGL Energy Partners LP (NGL) Director Sells $1,709,673.84 in Stock

NGL Energy Partners LP (NYSE:NGL) Director Highstar Capital Iv, L.P. sold 133,464 shares of the stock in a transaction on Tuesday, June 26th. The shares were sold at an average price of $12.81, for a total value of $1,709,673.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Highstar Capital Iv, L.P. also recently made the following trade(s):

  • On Wednesday, June 20th, Highstar Capital Iv, L.P. sold 95,333 shares of NGL Energy Partners stock. The shares were sold at an average price of $12.85, for a total value of $1,225,029.05.

Shares of NGL opened at $12.50 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 1.42. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -18.38 and a beta of 0.97. NGL Energy Partners LP has a 12 month low of $8.57 and a 12 month high of $17.65.

NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings results on Wednesday, May 30th. The oil and gas company reported $0.71 EPS for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.26. The business had revenue of $5.11 billion for the quarter, compared to analysts’ expectations of $4.56 billion. NGL Energy Partners had a negative net margin of 0.41% and a negative return on equity of 1.20%. sell-side analysts predict that NGL Energy Partners LP will post -0.27 EPS for the current year.

A number of analysts recently weighed in on the company. TheStreet upgraded NGL Energy Partners from a “d+” rating to a “c-” rating in a report on Monday, June 25th. Zacks Investment Research downgraded NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Thursday, June 14th. UBS Group restated a “buy” rating and issued a $17.00 price objective (down from $17.50) on shares of NGL Energy Partners in a report on Friday, March 2nd. ValuEngine upgraded NGL Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, June 7th. Finally, Stifel Nicolaus set a $11.00 price target on shares of NGL Energy Partners and gave the company a “hold” rating in a research report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $14.60.

A number of institutional investors and hedge funds have recently modified their holdings of the business. OppenheimerFunds Inc. boosted its position in NGL Energy Partners by 4.0% during the first quarter. OppenheimerFunds Inc. now owns 16,152,315 shares of the oil and gas company’s stock valued at $177,676,000 after acquiring an additional 626,100 shares during the last quarter. Cushing Asset Management LP boosted its position in NGL Energy Partners by 20.4% during the fourth quarter. Cushing Asset Management LP now owns 6,184,050 shares of the oil and gas company’s stock valued at $86,886,000 after acquiring an additional 1,047,938 shares during the last quarter. UBS Group AG boosted its position in shares of NGL Energy Partners by 2.3% during the 1st quarter. UBS Group AG now owns 2,564,301 shares of the oil and gas company’s stock worth $28,207,000 after purchasing an additional 57,415 shares in the last quarter. Atlantic Trust Group LLC boosted its position in shares of NGL Energy Partners by 2.9% during the 1st quarter. Atlantic Trust Group LLC now owns 1,840,846 shares of the oil and gas company’s stock worth $20,250,000 after purchasing an additional 52,571 shares in the last quarter. Finally, Infrastructure Capital Advisors LLC boosted its position in shares of NGL Energy Partners by 10.6% during the 1st quarter. Infrastructure Capital Advisors LLC now owns 891,371 shares of the oil and gas company’s stock worth $9,805,000 after purchasing an additional 85,427 shares in the last quarter. 65.06% of the stock is currently owned by institutional investors and hedge funds.

About NGL Energy Partners

NGL Energy Partners LP, through its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses in the United States. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs.

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