NGL Energy Partners LP (NYSE:NGL) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in NGL Energy Partners LP (NYSE:NGL) by 350.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,600 shares of the oil and gas company’s stock after purchasing an additional 9,800 shares during the period. International Assets Investment Management LLC’s holdings in NGL Energy Partners were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. FLC Capital Advisors purchased a new stake in shares of NGL Energy Partners in the 3rd quarter valued at approximately $103,000. Van ECK Associates Corp increased its holdings in 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 buying an additional 5,128 shares during the last quarter. Janney Montgomery Scott LLC raised 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 buying an additional 2,845 shares in the last quarter. Tidal Investments LLC lifted its holdings in NGL Energy Partners by 42.4% during the 1st quarter. Tidal Investments LLC now owns 38,322 shares of the oil and gas company’s stock worth $221,000 after buying an additional 11,419 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new position in shares of NGL Energy Partners during the 1st quarter worth about $271,000. Institutional investors and hedge funds own 40.62% of the company’s stock.

NGL Energy Partners Price Performance

NGL stock opened at $4.17 on Friday. The stock has a market cap of $552.57 million, a price-to-earnings ratio of -1.93 and a beta of 1.70. NGL Energy Partners LP has a fifty-two week low of $3.80 and a fifty-two week high of $6.20. The company has a quick ratio of 0.96, a current ratio of 1.15 and a debt-to-equity ratio of 28.52. The business has a 50 day moving average price of $4.35 and a 200 day moving average price of $4.83.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings data on Thursday, August 8th. The oil and gas company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.27). The business had revenue of $1.39 billion during the quarter, compared to analyst estimates of $1.44 billion. NGL Energy Partners had a negative net margin of 2.28% and a positive return on equity of 36.54%. During the same quarter in the prior year, the firm posted ($0.11) earnings per share. Equities research analysts anticipate that NGL Energy Partners LP will post 0.33 earnings per share for the current fiscal 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.