NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill Acquires 15,000 Shares of Stock

NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were purchased at an average cost of $4.49 per share, with a total value 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

NGL Energy Partners Trading Up 0.9 %

NYSE NGL opened at $4.94 on Wednesday. The company has a fifty day simple moving average of $5.08 and a 200 day simple moving average of $4.62. The company has a market cap of $651.48 million, a P/E ratio of -2.13 and a beta of 1.71. NGL Energy Partners LP has a 1 year low of $3.84 and a 1 year high of $6.20.

NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings results on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.25). NGL Energy Partners had a negative net margin of 2.87% and a positive return on equity of 77.15%. Equities research analysts forecast that NGL Energy Partners LP will post 0.11 EPS for the current fiscal year.

Institutional Trading of NGL Energy Partners

A number of hedge funds have recently bought and sold shares of NGL. XTX Topco Ltd bought a new stake in NGL Energy Partners in the 3rd quarter valued at $46,000. Wealth Enhancement Advisory Services LLC bought a new position in shares of NGL Energy Partners during the 3rd quarter worth about $46,000. Raymond James Financial Inc. bought a new position in shares of NGL Energy Partners during the 4th quarter worth about $55,000. International Assets Investment Management LLC lifted its holdings in shares of NGL Energy Partners by 350.0% during the 3rd 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 during the period. Finally, one8zero8 LLC bought a new position in shares of NGL Energy Partners during the 4th quarter worth about $58,000. 40.62% of the stock is owned by institutional investors.

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.