1 week Ago By Defense World Staff
JPMorgan Chase & Co. reduced its position in shares of NGL Energy Partners LP ( NYSE:NGL – Free Report ) by 2.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The institutional investor owned 4,875,530 shares of the oil and gas company’s stock after selling 133,035 shares during the period. JPMorgan Chase & Co. owned 3.
69% of NGL Energy Partners worth $24,329,000 at the end of the most recent quarter. Several other hedge funds have also recently modified their holdings of NGL. XTX Topco Ltd bought a new position in NGL Energy Partners during the third quarter valued at $46,000.
Raymond James Financial Inc. purchased a new position in NGL Energy Partners during the fourth quarter worth about $55,000. one8zero8 LLC purchased a new stake in NGL Energy Partners in the fourth quarter valued at approximately $58,000.
Van ECK Associates Corp lifted its holdings in shares of NGL Energy Partners by 42.4% during the 4th quarter. Van ECK Associates Corp now owns 31,672 shares of the oil and gas company’s stock worth $158,000 after acquiring an additional 9,426 shares during the last quarter.
Finally, Tidal Investments LLC boosted its holdings in shares of NGL Energy Partners by 33.3% in the 3rd quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company’s stock worth $160,000 after purchasing an additional 8,877 shares in the last quarter.
Institutional investors own 40.62% of the company’s stock. Analysts Set New Price Targets Separately, StockNews.
com raised shares of NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Wednesday, March 12th. Insider Activity at NGL Energy Partners In related news, CEO H Michael Krimbill purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 13th. The shares were bought at an average price of $4.
49 per share, for a total transaction of $67,350.00. Following the purchase, the chief executive officer now directly owns 603,000 shares of the company’s stock, valued at approximately $2,707,470.
This represents a 2.55 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link .
NGL Energy Partners Stock Up 6.7 % Shares of NGL Energy Partners stock opened at $3.43 on Thursday.
The company’s fifty day simple moving average is $4.62 and its two-hundred day simple moving average is $4.67.
The firm has a market cap of $452.14 million, a PE ratio of -1.36 and a beta of 1.
24. NGL Energy Partners LP has a 12-month low of $2.95 and a 12-month high of $6.
15. NGL Energy Partners ( NYSE:NGL – Get Free Report ) last issued its quarterly earnings data on Monday, February 10th. The oil and gas company reported ($0.
12) EPS for the quarter, missing the consensus estimate of $0.13 by ($0.25).
NGL Energy Partners had a negative return on equity of 29.77% and a negative net margin of 3.57%.
As a group, sell-side analysts expect that NGL Energy Partners LP will post -0.22 earnings per share for the current fiscal year. About NGL Energy Partners ( Free Report ) 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. Further Reading Five stocks we like better than NGL Energy Partners Growth Investing: Should You Adopt This Investing Strategy in 2022? Quantum Computing: The $6.
5 Billion Opportunity You Can’t Ignore How Investors Can Find the Best Cheap Dividend Stocks Are Tariffs Threatening Disney’s Comeback Story? What Are Trending Stocks? Trending Stocks Explained Is Alphabet a Generational Buying Opportunity at These Levels? 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 – Free Report ). Receive News & Ratings for NGL Energy Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NGL Energy Partners and related companies with MarketBeat.
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