Van ECK Associates Corp Buys 9,426 Shares of NGL Energy Partners LP (NYSE:NGL)

Van ECK Associates Corp raised its stake in NGL Energy Partners LP (NYSE:NGL) by 42.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,672 shares of the oil and gas company’s stock after purchasing an additional 9,426 shares during the period. Van ECK Associates Corp’s holdings in NGL Energy Partners were worth $158,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. XTX Topco Ltd bought a new stake in shares of NGL Energy Partners during the third quarter worth about $46,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NGL Energy Partners during the third quarter worth about $46,000. International Assets Investment Management LLC increased its position in shares of NGL Energy Partners by 350.0% during the third quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company’s stock worth $57,000 after acquiring an additional 9,800 shares in the last quarter. Tidal Investments LLC increased its position in shares of NGL Energy Partners by 33.3% during the third quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company’s stock worth $160,000 after acquiring an additional 8,877 shares in the last quarter. Finally, Inscription Capital LLC increased its position in shares of NGL Energy Partners by 87.5% during the third quarter. Inscription Capital LLC now owns 105,000 shares of the oil and gas company’s stock worth $472,000 after acquiring an additional 49,000 shares in the last quarter. 40.62% of the stock is owned by institutional investors.

Insider Buying and Selling

In other 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 acquired at an average cost of $4.49 per share, for a total transaction of $67,350.00. Following the completion of the acquisition, the chief executive officer now owns 603,000 shares in the company, valued at $2,707,470. This trade represents a 2.55 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

NGL Energy Partners Price Performance

NYSE:NGL opened at $4.79 on Monday. The firm has a 50-day moving average of $5.09 and a 200-day moving average of $4.63. The company has a market cap of $632.34 million, a PE ratio of -1.90 and a beta of 1.71. NGL Energy Partners LP has a one year low of $3.84 and a one year high of $6.20.

NGL Energy Partners (NYSE:NGL) last posted its earnings results 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%. On average, equities research analysts expect that NGL Energy Partners LP will post -0.22 earnings per share for the current fiscal year.

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.