Carter Financial Group INC. Takes $277,000 Position in NGL Energy Partners LP $NGL

Carter Financial Group INC. bought a new stake in NGL Energy Partners LP (NYSE:NGL) in the 2nd quarter, Holdings Channel reports. The firm bought 64,889 shares of the oil and gas company’s stock, valued at approximately $277,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. raised its position in NGL Energy Partners by 713.1% during the second quarter. Prescott Group Capital Management L.L.C. now owns 990,638 shares of the oil and gas company’s stock worth $4,230,000 after acquiring an additional 868,800 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of NGL Energy Partners by 8.8% in the 2nd quarter. Bank of America Corp DE now owns 9,885,023 shares of the oil and gas company’s stock valued at $42,209,000 after purchasing an additional 797,895 shares during the period. Angelo Gordon & CO. L.P. acquired a new stake in NGL Energy Partners in the 2nd quarter valued at about $2,730,000. Nomura Holdings Inc. bought a new position in NGL Energy Partners during the first quarter worth about $1,300,000. Finally, HighTower Advisors LLC increased its position in NGL Energy Partners by 809.1% during the first quarter. HighTower Advisors LLC now owns 275,280 shares of the oil and gas company’s stock worth $1,250,000 after buying an additional 245,000 shares during the last quarter. 40.62% of the stock is currently owned by institutional investors and hedge funds.

NGL Energy Partners Stock Performance

Shares of NGL opened at $9.43 on Friday. The firm has a market cap of $1.18 billion, a P/E ratio of -52.36 and a beta of 0.30. NGL Energy Partners LP has a 52 week low of $2.64 and a 52 week high of $10.29. The firm’s 50-day simple moving average is $8.22 and its 200 day simple moving average is $6.00.

NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings data on Tuesday, November 4th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter. NGL Energy Partners had a negative return on equity of 53.56% and a net margin of 3.29%.The company had revenue of $674.68 million during the quarter, compared to analysts’ expectations of $508.49 million. As a group, equities analysts forecast that NGL Energy Partners LP will post -0.22 earnings per share for the current year.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of NGL Energy Partners in a research note on Friday, October 31st. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold”.

NGL Energy Partners Profile

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.