Ngl Energy Partners Lp (NYSE:NGL) CEO H Michael Krimbill bought 75,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was bought at an average price of $8.86 per share, with a total value of $664,500.00. Following the acquisition, the chief executive officer now directly owns 814,417 shares in the company, valued at approximately $7,215,734.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Ngl Energy Partners Lp (NGL) traded up 2.30% during trading on Monday, hitting $8.90. 2,867,632 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $10.27 and its 200 day moving average price is $15.49. The stock’s market cap is $1.08 billion. Ngl Energy Partners Lp has a 12-month low of $8.57 and a 12-month high of $25.80.

Ngl Energy Partners Lp (NYSE:NGL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.59) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.38) by $0.21. Ngl Energy Partners Lp had a negative return on equity of 5.00% and a negative net margin of 0.73%. The business had revenue of $3.78 billion during the quarter, compared to analyst estimates of $2.59 billion. Analysts anticipate that Ngl Energy Partners Lp will post $0.14 earnings per share for the current fiscal year.

Ngl Energy Partners Lp announced that its board has initiated a stock repurchase program on Tuesday, August 29th that allows the company to repurchase $15.00 million in shares. This repurchase authorization allows the oil and gas company to reacquire up to 1.3% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 14th. Stockholders of record on Friday, August 4th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 17.53%. The ex-dividend date of this dividend was Wednesday, August 2nd. Ngl Energy Partners Lp’s payout ratio is currently -124.80%.

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Institutional investors have recently added to or reduced their stakes in the company. Atlantic Trust Group LLC increased its position in shares of Ngl Energy Partners Lp by 83.0% in the first quarter. Atlantic Trust Group LLC now owns 2,195,432 shares of the oil and gas company’s stock worth $49,617,000 after acquiring an additional 995,432 shares in the last quarter. Morgan Stanley increased its position in shares of Ngl Energy Partners Lp by 4.4% in the first quarter. Morgan Stanley now owns 3,980,011 shares of the oil and gas company’s stock worth $89,948,000 after acquiring an additional 169,522 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Ngl Energy Partners Lp by 2.0% in the first quarter. California Public Employees Retirement System now owns 253,900 shares of the oil and gas company’s stock worth $5,738,000 after acquiring an additional 5,100 shares in the last quarter. Bank of Montreal Can increased its position in shares of Ngl Energy Partners Lp by 115.7% in the second quarter. Bank of Montreal Can now owns 2,116,200 shares of the oil and gas company’s stock worth $29,627,000 after acquiring an additional 1,134,957 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of Ngl Energy Partners Lp by 272.5% in the first quarter. US Bancorp DE now owns 17,319 shares of the oil and gas company’s stock worth $392,000 after acquiring an additional 12,669 shares in the last quarter. 70.19% of the stock is owned by institutional investors.

NGL has been the subject of several research reports. FBR & Co reiterated a “hold” rating on shares of Ngl Energy Partners Lp in a report on Friday, May 26th. ValuEngine downgraded shares of Ngl Energy Partners Lp from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $13.00 target price (down previously from $15.00) on shares of Ngl Energy Partners Lp in a report on Friday, June 16th. Zacks Investment Research upgraded shares of Ngl Energy Partners Lp from a “strong sell” rating to a “hold” rating in a report on Wednesday, June 28th. Finally, BidaskClub upgraded shares of Ngl Energy Partners Lp from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Ngl Energy Partners Lp presently has a consensus rating of “Hold” and a consensus target price of $18.57.

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.

Insider Buying and Selling by Quarter for Ngl Energy Partners Lp (NYSE:NGL)

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