Invesco Ltd. Boosts Stock Holdings in NGL Energy Partners LP (NYSE:NGL)

Invesco Ltd. boosted its position in NGL Energy Partners LP (NYSE:NGL) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 19,647,133 shares of the oil and gas company’s stock after purchasing an additional 85,000 shares during the period. Invesco Ltd. owned approximately 0.15% of NGL Energy Partners worth $98,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Tidal Investments LLC increased its holdings in 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 acquiring an additional 8,877 shares during the last quarter. Van ECK Associates Corp boosted its position in NGL Energy Partners by 42.4% during the fourth quarter. Van ECK Associates Corp now owns 31,672 shares of the oil and gas company’s stock worth $158,000 after purchasing an additional 9,426 shares during the period. XTX Topco Ltd purchased a new position in shares of NGL Energy Partners in the third quarter worth about $46,000. Raymond James Financial Inc. bought a new stake in shares of NGL Energy Partners in the fourth quarter valued at approximately $55,000. Finally, one8zero8 LLC purchased a new stake in shares of NGL Energy Partners during the 4th quarter valued at approximately $58,000. 40.62% of the stock is currently owned by institutional investors.

NGL Energy Partners Stock Performance

Shares of NYSE NGL opened at $3.21 on Monday. The stock has a fifty day moving average of $4.53 and a 200-day moving average of $4.64. The stock has a market cap of $423.10 million, a PE ratio of -1.27 and a beta of 1.24. NGL Energy Partners LP has a fifty-two week low of $2.80 and a fifty-two week high of $6.08.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings results on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.25). NGL Energy Partners had a negative net margin of 3.57% and a negative return on equity of 29.77%. On average, sell-side analysts predict that NGL Energy Partners LP will post -0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of NGL Energy Partners from a “hold” rating to a “buy” rating in a research note on Wednesday, March 12th.

Insider Buying and Selling

In other NGL Energy Partners news, CEO H Michael Krimbill bought 15,000 shares of the firm’s stock in a transaction 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 purchase, the chief executive officer now directly owns 603,000 shares of the company’s stock, valued at $2,707,470. The trade was a 2.55 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

About NGL Energy Partners

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.