Ngl Energy Partners Lp (NYSE:NGL) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $17.00.

NGL has been the subject of several research analyst reports. TheStreet downgraded shares of Ngl Energy Partners from a “c-” rating to a “d+” rating in a research note on Tuesday, August 15th. Royal Bank Of Canada restated an “outperform” rating and issued a $16.00 price objective (up previously from $14.00) on shares of Ngl Energy Partners in a research note on Tuesday, November 7th. Zacks Investment Research downgraded shares of Ngl Energy Partners from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Finally, Stifel Nicolaus decreased their price objective on shares of Ngl Energy Partners from $13.00 to $10.00 and set a “hold” rating for the company in a research note on Wednesday, August 16th.

Ngl Energy Partners (NGL) traded down $0.35 during midday trading on Thursday, reaching $12.50. 646,900 shares of the company’s stock traded hands, compared to its average volume of 961,352. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.56 and a quick ratio of 0.99. Ngl Energy Partners has a one year low of $8.57 and a one year high of $25.80.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were paid a dividend of $0.39 per share. The ex-dividend date was Friday, November 3rd. This represents a $1.56 annualized dividend and a dividend yield of 12.48%. Ngl Energy Partners’s dividend payout ratio (DPR) is -74.29%.

In other Ngl Energy Partners news, CEO H Michael Krimbill bought 75,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was acquired at an average price of $8.86 per share, for a total transaction of $664,500.00. Following the completion of the purchase, the chief executive officer now owns 814,417 shares of the company’s stock, valued at $7,215,734.62. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, CFO Robert W. Karlovich III bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average price of $11.66 per share, with a total value of $116,600.00. Following the purchase, the chief financial officer now directly owns 99,320 shares of the company’s stock, valued at approximately $1,158,071.20. The disclosure for this purchase can be found here.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its holdings in Ngl Energy Partners by 399.1% during the third quarter. BNP Paribas Arbitrage SA now owns 8,983 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 7,183 shares in the last quarter. Penserra Capital Management LLC raised its holdings in Ngl Energy Partners by 410.9% during the second quarter. Penserra Capital Management LLC now owns 10,151 shares of the oil and gas company’s stock worth $141,000 after purchasing an additional 8,164 shares in the last quarter. Commonwealth Equity Services Inc purchased a new position in Ngl Energy Partners during the third quarter worth about $117,000. Oppenheimer & Co. Inc. raised its holdings in Ngl Energy Partners by 32.0% during the second quarter. Oppenheimer & Co. Inc. now owns 14,450 shares of the oil and gas company’s stock worth $202,000 after purchasing an additional 3,500 shares in the last quarter. Finally, HAP Trading LLC purchased a new position in Ngl Energy Partners during the second quarter worth about $221,000. 63.84% of the stock is owned by hedge funds and other institutional investors.

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About Ngl Energy Partners

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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