Raymond James Financial Services Advisors Inc. Has $3,159,000 Position in Ngl Energy Partners Lp (NGL)

Raymond James Financial Services Advisors Inc. cut its stake in shares of Ngl Energy Partners Lp (NYSE:NGL) by 3.1% during the fourth quarter, Holdings Channel reports. The fund owned 150,422 shares of the company’s stock after selling 4,764 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Ngl Energy Partners Lp were worth $3,159,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN increased its position in Ngl Energy Partners Lp by 6.4% in the third quarter. Wells Fargo & Company MN now owns 305,944 shares of the company’s stock valued at $5,764,000 after buying an additional 18,417 shares during the last quarter. Harvest Fund Advisors LLC increased its position in Ngl Energy Partners Lp by 35.8% in the second quarter. Harvest Fund Advisors LLC now owns 4,767,360 shares of the company’s stock valued at $92,105,000 after buying an additional 1,257,166 shares during the last quarter. ELCO Management Co. LLC purchased a new position in Ngl Energy Partners Lp during the third quarter valued at approximately $3,534,000. Alps Advisors Inc. increased its position in Ngl Energy Partners Lp by 3.8% in the third quarter. Alps Advisors Inc. now owns 6,122,006 shares of the company’s stock valued at $115,339,000 after buying an additional 226,076 shares during the last quarter. Finally, Spirit of America Management Corp NY boosted its stake in shares of Ngl Energy Partners Lp by 5.5% in the third quarter. Spirit of America Management Corp NY now owns 264,168 shares of the company’s stock worth $4,977,000 after buying an additional 13,700 shares during the last quarter. Institutional investors and hedge funds own 68.69% of the company’s stock.

Institutional Ownership by Quarter for Ngl Energy Partners Lp (NYSE:NGL)

Ngl Energy Partners Lp (NYSE:NGL) traded up 2.13% on Monday, hitting $23.95. 991,850 shares of the stock traded hands. Ngl Energy Partners Lp has a 52-week low of $5.75 and a 52-week high of $25.80. The stock’s market cap is $2.64 billion. The company’s 50 day moving average price is $23.00 and its 200-day moving average price is $19.53.

Ngl Energy Partners Lp (NYSE:NGL) last posted its quarterly earnings data on Tuesday, February 7th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.41 by $0.48. The firm had revenue of $3.41 billion for the quarter, compared to the consensus estimate of $3.09 billion. Ngl Energy Partners Lp had a positive return on equity of 9.99% and a negative net margin of 0.85%. On average, analysts forecast that Ngl Energy Partners Lp will post $1.99 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 14th. Investors of record on Friday, February 3rd will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, February 1st. This represents a $1.56 annualized dividend and a dividend yield of 6.65%. Ngl Energy Partners Lp’s dividend payout ratio (DPR) is presently -112.23%.

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NGL has been the topic of a number of analyst reports. Bank of America Corporation raised shares of Ngl Energy Partners Lp from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Tuesday, December 6th. RBC Capital Markets reissued a “buy” rating and set a $21.00 target price on shares of Ngl Energy Partners Lp in a report on Friday, January 6th. Zacks Investment Research raised shares of Ngl Energy Partners Lp from a “strong sell” rating to a “hold” rating in a report on Thursday, November 10th. Stifel Nicolaus boosted their target price on shares of Ngl Energy Partners Lp from $19.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday, December 21st. Finally, FBR & Co raised shares of Ngl Energy Partners Lp from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $21.00 to $29.00 in a report on Friday, January 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Ngl Energy Partners Lp has an average rating of “Hold” and a consensus target price of $19.78.

In other news, CEO H Michael Krimbill acquired 30,000 shares of Ngl Energy Partners Lp stock in a transaction that occurred on Tuesday, November 15th. The stock was purchased at an average price of $18.13 per share, for a total transaction of $543,900.00. Following the purchase, the chief executive officer now directly owns 789,417 shares in the company, valued at approximately $14,312,130.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Ngl Energy Partners Lp Company Profile

NGL Energy Partners LP owns and operates a vertically integrated energy business. The Company’s segments are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. Its crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.

5 Day Chart for NYSE:NGL

Want to see what other hedge funds are holding NGL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ngl Energy Partners Lp (NYSE:NGL).

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