Cetera Investment Advisers Boosts Stock Position in NGL Energy Partners LP (NYSE:NGL)

Cetera Investment Advisers grew its stake in NGL Energy Partners LP (NYSE:NGL) by 13.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 281,019 shares of the oil and gas company’s stock after purchasing an additional 32,800 shares during the period. Cetera Investment Advisers owned approximately 0.21% of NGL Energy Partners worth $1,422,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Van ECK Associates Corp grew its position in shares of NGL Energy Partners by 26.4% in the second quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company’s stock valued at $124,000 after purchasing an additional 5,128 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in NGL Energy Partners by 9.7% in the first quarter. Janney Montgomery Scott LLC now owns 32,210 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 2,845 shares during the last quarter. Tidal Investments LLC increased its stake in NGL Energy Partners by 42.4% in the first quarter. Tidal Investments LLC now owns 38,322 shares of the oil and gas company’s stock valued at $221,000 after purchasing an additional 11,419 shares during the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in shares of NGL Energy Partners during the first quarter worth approximately $271,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of NGL Energy Partners during the first quarter worth approximately $288,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

NGL Energy Partners Stock Performance

Shares of NGL opened at $4.32 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.96 and a debt-to-equity ratio of 28.52. The firm has a market cap of $572.46 million, a PE ratio of -2.03 and a beta of 1.67. The company’s 50 day simple moving average is $4.37 and its 200-day simple moving average is $5.02. NGL Energy Partners LP has a 12-month low of $3.80 and a 12-month high of $6.20.

NGL Energy Partners (NYSE:NGL) last announced its earnings results on Thursday, August 8th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.27). The business had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.44 billion. NGL Energy Partners had a positive return on equity of 36.54% and a negative net margin of 2.28%. During the same quarter last year, the business posted ($0.11) earnings per share. As a group, equities analysts predict that NGL Energy Partners LP will post 0.33 EPS for the current year.

NGL Energy Partners Company 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.