NBW Capital LLC Purchases 126,881 Shares of NGL Energy Partners LP (NYSE:NGL)

NBW Capital LLC increased its position in shares of NGL Energy Partners LP (NYSE:NGL) by 40.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 438,962 shares of the oil and gas company’s stock after acquiring an additional 126,881 shares during the quarter. NBW Capital LLC owned about 0.33% of NGL Energy Partners worth $2,528,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Fractal Investments LLC grew its stake in shares of NGL Energy Partners by 316.3% during the fourth quarter. Fractal Investments LLC now owns 832,479 shares of the oil and gas company’s stock worth $4,637,000 after acquiring an additional 632,492 shares during the last quarter. Goldman Sachs Group Inc. grew its position in NGL Energy Partners by 143.4% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,225,500 shares of the oil and gas company’s stock worth $29,106,000 after purchasing an additional 3,078,422 shares during the last quarter. ING Groep NV increased its stake in NGL Energy Partners by 45.6% during the 4th quarter. ING Groep NV now owns 811,000 shares of the oil and gas company’s stock valued at $4,517,000 after purchasing an additional 253,900 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of NGL Energy Partners by 226.7% in the fourth quarter. BNP Paribas Financial Markets now owns 566,117 shares of the oil and gas company’s stock worth $3,153,000 after buying an additional 392,823 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its stake in shares of NGL Energy Partners by 9.7% during the first quarter. Janney Montgomery Scott LLC now owns 32,210 shares of the oil and gas company’s stock worth $186,000 after buying an additional 2,845 shares during the period. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded NGL Energy Partners from a “buy” rating to a “hold” rating in a research report on Monday, June 10th.

NGL Energy Partners Stock Performance

Shares of NYSE:NGL traded down $0.27 during trading on Friday, hitting $4.34. The stock had a trading volume of 342,167 shares, compared to its average volume of 307,294. The stock has a 50-day simple moving average of $5.09 and a two-hundred day simple moving average of $5.54. The stock has a market capitalization of $575.09 million, a price-to-earnings ratio of -2.04 and a beta of 1.69. NGL Energy Partners LP has a 12-month low of $3.68 and a 12-month high of $6.20. The company has a quick ratio of 1.07, a current ratio of 1.21 and a debt-to-equity ratio of 28.52.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings results on Thursday, June 6th. The oil and gas company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.57). NGL Energy Partners had a positive return on equity of 20.54% and a negative net margin of 2.07%. The business had revenue of $1.63 billion for the quarter, compared to analysts’ expectations of $1.97 billion. On average, equities research analysts expect that NGL Energy Partners LP will post 1.46 earnings per share for the current fiscal 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.