NGL Energy Partners (NYSE:NGL) Stock Unloaded Rep. Mark E. Green

Representative Mark E. Green (R-Tennessee) recently sold shares of NGL Energy Partners LP (NYSE:NGL). In a filing disclosed on February 06th, the Representative disclosed that they had sold between $50,001 and $100,000 in NGL Energy Partners stock on January 28th. The trade occurred in the Representative’s “EQUITABLE ADVISORS INVESTMENT ACCOUNT” account.

Representative Mark E. Green also recently made the following trade(s):

• Sold $250,001 – $500,000 in shares of NGL Energy Partners (NYSE:NGL) on 2/3/2025.
• Sold $500,001 – $1,000,000 in shares of NGL Energy Partners (NYSE:NGL) on 1/30/2025.
• Sold $15,001 – $50,000 in shares of NGL Energy Partners (NYSE:NGL) on 1/2/2025.
• Sold $15,001 – $50,000 in shares of NGL Energy Partners (NYSE:NGL) on 12/3/2024.

NGL Energy Partners Trading Down 0.6 %

Shares of NGL stock opened at $5.51 on Friday. NGL Energy Partners LP has a twelve month low of $3.84 and a twelve month high of $6.20. The stock has a 50 day moving average of $5.05 and a 200 day moving average of $4.61. The stock has a market cap of $727.11 million, a P/E ratio of -2.37 and a beta of 1.71.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings results 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 firm had revenue of $1.35 billion for the quarter, compared to analysts’ expectations of $1.56 billion. NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%. During the same period last year, the company posted ($0.05) earnings per share. On average, research analysts predict that NGL Energy Partners LP will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NGL Energy Partners

Several institutional investors and hedge funds have recently modified their holdings of NGL. JPMorgan Chase & Co. increased its position in shares of 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 valued at $22,539,000 after buying an additional 154,098 shares in the last quarter. Citigroup Inc. increased its holdings in NGL Energy Partners by 15.9% in the 3rd quarter. Citigroup Inc. now owns 2,427,108 shares of the oil and gas company’s stock worth $10,922,000 after acquiring an additional 333,531 shares in the last quarter. ING Groep NV raised its position in NGL Energy Partners by 5.5% during the third quarter. ING Groep NV now owns 1,561,803 shares of the oil and gas company’s stock worth $7,028,000 after acquiring an additional 80,803 shares during the period. Cetera Investment Advisers lifted its holdings in NGL Energy Partners by 13.2% during the second quarter. Cetera Investment Advisers now owns 281,019 shares of the oil and gas company’s stock valued at $1,422,000 after purchasing an additional 32,800 shares in the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new stake in shares of NGL Energy Partners in the third quarter valued at about $900,000. Hedge funds and other institutional investors own 40.62% of the company’s stock.

About Representative Green

Mark Green (Republican Party) is a member of the U.S. House, representing Tennessee’s 7th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027.

Green (Republican Party) ran for re-election to the U.S. House to represent Tennessee’s 7th Congressional District. He won in the general election on November 5, 2024.

In May 2017, Green was nominated by Donald Trump for the position of Secretary of the United States Army. Green withdrew his nomination.

Green received his bachelor’s in quantitative business management from West Point. He later received a master’s certificate in information systems from the University of Southern California and an M.D. from Wright State University. Green’s professional experience includes working as the president of Emergency Services Network and as the CEO of Align MD Foundation. He served as an officer in the U.S. Army from 1987 to 1990. He was part of the unit that captured Saddam Hussein. Green wrote about the experience in a book, A Night with Saddam.

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.