Prescott Group Capital Management L.L.C. Boosts Stock Position in NGL Energy Partners LP $NGL

Prescott Group Capital Management L.L.C. grew its holdings in shares of NGL Energy Partners LP (NYSE:NGL) by 713.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 990,638 shares of the oil and gas company’s stock after acquiring an additional 868,800 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in NGL Energy Partners were worth $4,230,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. HighTower Advisors LLC increased its stake in NGL Energy Partners by 809.1% in the 1st quarter. HighTower Advisors LLC now owns 275,280 shares of the oil and gas company’s stock worth $1,250,000 after purchasing an additional 245,000 shares during the period. Nomura Holdings Inc. purchased a new position in shares of NGL Energy Partners during the first quarter valued at approximately $1,300,000. Citigroup Inc. raised its holdings in shares of NGL Energy Partners by 8.2% during the first quarter. Citigroup Inc. now owns 2,624,890 shares of the oil and gas company’s stock valued at $11,917,000 after acquiring an additional 199,770 shares in the last quarter. Jump Financial LLC lifted its stake in NGL Energy Partners by 213.1% in the first quarter. Jump Financial LLC now owns 69,500 shares of the oil and gas company’s stock worth $316,000 after acquiring an additional 47,300 shares during the period. Finally, NBW Capital LLC boosted its holdings in NGL Energy Partners by 15.8% in the first quarter. NBW Capital LLC now owns 520,259 shares of the oil and gas company’s stock valued at $2,362,000 after acquiring an additional 70,924 shares in the last quarter. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of NGL Energy Partners in a report on Friday, October 31st. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, NGL Energy Partners presently has an average rating of “Hold”.

NGL Energy Partners Stock Up 3.3%

NGL Energy Partners stock opened at $9.50 on Friday. The stock’s 50 day moving average is $6.36 and its 200 day moving average is $4.86. The company has a market capitalization of $1.19 billion, a P/E ratio of -23.18 and a beta of 0.25. NGL Energy Partners LP has a twelve month low of $2.64 and a twelve month high of $9.61.

NGL Energy Partners (NYSE:NGL) last released its earnings results on Tuesday, November 4th. The oil and gas company reported $0.02 EPS for the quarter. The firm had revenue of $674.68 million for the quarter, compared to analysts’ expectations of $508.49 million. NGL Energy Partners had a negative return on equity of 43.75% and a net margin of 2.19%. As a group, equities analysts expect that NGL Energy Partners LP will post -0.22 EPS for the current year.

Insider Transactions at NGL Energy Partners

In other news, Director James M. Collingsworth bought 100,000 shares of the firm’s stock in a transaction on Friday, September 12th. The stock was acquired at an average cost of $5.80 per share, with a total value of $580,000.00. Following the completion of the acquisition, the director owned 729,500 shares of the company’s stock, valued at approximately $4,231,100. This represents a 15.89% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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.