Insider Selling: NGL ENERGY PARTNERS LP (NGL) Director Sells $315,000.00 in Stock

NGL ENERGY PARTNERS LP (NYSE:NGL) Director Highstar Capital Iv, L.P. sold 25,000 shares of the firm’s stock in a transaction on Thursday, June 8th. The stock was sold at an average price of $12.60, for a total value of $315,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Wednesday, June 7th, Highstar Capital Iv, L.P. sold 95,094 shares of NGL ENERGY PARTNERS stock. The stock was sold at an average price of $13.77, for a total value of $1,309,444.38.
  • On Monday, June 5th, Highstar Capital Iv, L.P. sold 157,559 shares of NGL ENERGY PARTNERS stock. The stock was sold at an average price of $13.82, for a total value of $2,177,465.38.
  • On Thursday, June 1st, Highstar Capital Iv, L.P. sold 200,000 shares of NGL ENERGY PARTNERS stock. The stock was sold at an average price of $13.70, for a total value of $2,740,000.00.

NGL ENERGY PARTNERS LP (NGL) traded down 2.1259% on Thursday, reaching $12.2832. The company’s stock had a trading volume of 129,732 shares. NGL ENERGY PARTNERS LP has a 12 month low of $12.15 and a 12 month high of $25.80. The company has a market cap of $1.48 billion, a P/E ratio of 12.9297 and a beta of 0.49. The stock’s 50 day moving average price is $14.72 and its 200 day moving average price is $20.00.

NGL ENERGY PARTNERS (NYSE:NGL) last released its quarterly earnings data on Thursday, May 25th. The oil and gas company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03. The company had revenue of $3.85 billion for the quarter, compared to analysts’ expectations of $2.77 billion. NGL ENERGY PARTNERS had a net margin of 1.05% and a return on equity of 6.78%. Equities research analysts forecast that NGL ENERGY PARTNERS LP will post $0.38 earnings per share for the current year.

Insider Buying and Selling by Quarter for NGL ENERGY PARTNERS (NYSE:NGL)

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NGL has been the topic of several recent analyst reports. FBR & Co reiterated a “hold” rating on shares of NGL ENERGY PARTNERS in a report on Friday, May 26th. Zacks Investment Research upgraded NGL ENERGY PARTNERS from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 18th. Royal Bank Of Canada reduced their target price on NGL ENERGY PARTNERS from $27.00 to $24.00 and set an “outperform” rating on the stock in a report on Tuesday, April 25th. Finally, ValuEngine lowered NGL ENERGY PARTNERS from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.83.

Several institutional investors have recently added to or reduced their stakes in NGL. Hollencrest Securities LLC bought a new position in NGL ENERGY PARTNERS during the first quarter worth about $1,455,000. Duff & Phelps Investment Management Co. boosted its position in NGL ENERGY PARTNERS by 221.2% in the first quarter. Duff & Phelps Investment Management Co. now owns 835,000 shares of the oil and gas company’s stock worth $18,871,000 after buying an additional 575,000 shares during the period. Bank of Montreal Can boosted its position in NGL ENERGY PARTNERS by 0.4% in the first quarter. Bank of Montreal Can now owns 981,243 shares of the oil and gas company’s stock worth $22,176,000 after buying an additional 4,043 shares during the period. HITE Hedge Asset Management LLC boosted its position in NGL ENERGY PARTNERS by 6.0% in the fourth quarter. HITE Hedge Asset Management LLC now owns 1,273,438 shares of the oil and gas company’s stock worth $26,742,000 after buying an additional 71,891 shares during the period. Finally, Infrastructure Capital Advisors LLC bought a new position in NGL ENERGY PARTNERS during the fourth quarter worth about $3,586,000. 76.01% of the stock is currently owned by institutional investors.

NGL ENERGY PARTNERS 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.

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