NGL Energy Partners LP (NYSE:NGL) CEO Acquires $67,350.00 in Stock

NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill acquired 15,000 shares of the stock in a transaction that occurred on Thursday, February 13th. The stock was purchased at an average price 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. The trade was a 2.55 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NGL Energy Partners Trading Down 1.3 %

NGL stock opened at $4.89 on Thursday. NGL Energy Partners LP has a 12-month low of $3.84 and a 12-month high of $6.20. The stock has a market cap of $644.87 million, a price-to-earnings ratio of -1.94 and a beta of 1.71. The business’s 50-day moving average is $5.08 and its 200 day moving average is $4.62.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings data on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share (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%. As a group, equities analysts forecast that NGL Energy Partners LP will post -0.22 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. XTX Topco Ltd purchased a new position in NGL Energy Partners in the 3rd quarter worth approximately $46,000. Wealth Enhancement Advisory Services LLC purchased a new position in NGL Energy Partners in the 3rd quarter worth approximately $46,000. Raymond James Financial Inc. purchased a new position in NGL Energy Partners in the 4th quarter worth approximately $55,000. one8zero8 LLC purchased a new position in NGL Energy Partners in the 4th quarter worth approximately $58,000. Finally, Two Sigma Securities LLC purchased a new position in NGL Energy Partners in the 4th quarter worth approximately $59,000. 40.62% of the stock is owned by hedge funds and other 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.