Jackson Hole Capital Partners LLC Sells 3,000 Shares of NGL Energy Partners LP (NYSE:NGL)

Jackson Hole Capital Partners LLC reduced its stake in shares of NGL Energy Partners LP (NYSE:NGL) by 7.8% in the fourth quarter, Holdings Channel reports. The fund owned 35,365 shares of the oil and gas company’s stock after selling 3,000 shares during the quarter. Jackson Hole Capital Partners LLC’s holdings in NGL Energy Partners were worth $176,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of NGL. Citigroup Inc. grew its position in shares of NGL Energy Partners by 15.9% during the 3rd quarter. Citigroup Inc. now owns 2,427,108 shares of the oil and gas company’s stock valued at $10,922,000 after acquiring an additional 333,531 shares during the period. JPMorgan Chase & Co. grew its position in shares of NGL Energy Partners by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,008,565 shares of the oil and gas company’s stock valued at $22,539,000 after acquiring an additional 154,098 shares during the period. Prescott Group Capital Management L.L.C. grew its position in shares of NGL Energy Partners by 282.7% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 121,838 shares of the oil and gas company’s stock valued at $608,000 after acquiring an additional 90,000 shares during the period. ING Groep NV grew its position in shares of NGL Energy Partners by 5.5% during the 3rd quarter. ING Groep NV now owns 1,561,803 shares of the oil and gas company’s stock valued at $7,028,000 after acquiring an additional 80,803 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of NGL Energy Partners during the 4th quarter valued at approximately $55,000. 40.62% of the stock is owned by institutional investors.

Insider Activity at NGL Energy Partners

In other news, CEO H Michael Krimbill bought 15,000 shares of the 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. This trade represents a 2.55 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

NGL Energy Partners Trading Up 1.2 %

Shares of NGL stock opened at $4.79 on Friday. The stock has a market capitalization of $631.68 million, a P/E ratio of -1.90 and a beta of 1.73. The firm’s 50 day moving average is $5.08 and its 200 day moving average is $4.66. NGL Energy Partners LP has a 12 month low of $3.84 and a 12 month high of $6.20.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings results on Monday, February 10th. The oil and gas company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates 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, equities analysts predict that NGL Energy Partners LP will post -0.22 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of NGL Energy Partners from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd.

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.