one8zero8 LLC Makes New $58,000 Investment in NGL Energy Partners LP (NYSE:NGL)

one8zero8 LLC bought a new position in shares of NGL Energy Partners LP (NYSE:NGL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,550 shares of the oil and gas company’s stock, valued at approximately $58,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. XTX Topco Ltd acquired a new stake in shares of NGL Energy Partners during the third quarter worth $46,000. Raymond James Financial Inc. acquired a new stake in shares of NGL Energy Partners in the 4th quarter worth about $55,000. Van ECK Associates Corp increased its holdings in shares of NGL Energy Partners by 42.4% in the 4th 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 during the period. Tidal Investments LLC increased its holdings in shares of 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 worth $160,000 after acquiring an additional 8,877 shares during the period. Finally, Prescott Group Capital Management L.L.C. increased its holdings in shares of NGL Energy Partners by 282.7% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 121,838 shares of the oil and gas company’s stock worth $608,000 after acquiring an additional 90,000 shares during the period. 40.62% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th.

NGL Energy Partners Stock Down 0.9 %

NGL stock opened at $4.62 on Tuesday. NGL Energy Partners LP has a fifty-two week low of $3.84 and a fifty-two week high of $6.15. The firm’s 50-day simple moving average is $5.03 and its 200 day simple moving average is $4.68. The stock has a market cap of $609.50 million, a PE ratio of -1.83 and a beta of 1.73.

NGL Energy Partners (NYSE:NGL) last released its quarterly earnings data on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Equities analysts forecast that NGL Energy Partners LP will post -0.22 EPS for the current fiscal year.

Insider Activity at NGL Energy Partners

In related news, CEO H Michael Krimbill bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price of $4.49 per share, for a total transaction of $67,350.00. Following the transaction, the chief executive officer now directly owns 603,000 shares of the company’s stock, valued at approximately $2,707,470. This represents a 2.55 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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.