NGL Energy Partners LP (NYSE:NGL) shares shot up 6.8% on Tuesday . The stock traded as high as $19.41 and last traded at $19.25, with a volume of 500,618 shares changing hands. The stock had previously closed at $18.02.

Several brokerages have recently weighed in on NGL. Zacks Investment Research raised shares of NGL Energy Partners from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Thursday, June 30th. Wunderlich upgraded shares of NGL Energy Partners from a “hold” rating to a “buy” rating and boosted their price objective for the company from $13.00 to $20.00 in a report on Monday, June 13th. Stifel Nicolaus upgraded shares of NGL Energy Partners from a “hold” rating to a “buy” rating and boosted their price objective for the company from $16.63 to $18.00 in a report on Friday, June 3rd. They noted that the move was a valuation call. Bank of America Corp. upgraded shares of NGL Energy Partners from an “underperform” rating to a “neutral” rating in a report on Friday, April 22nd. Finally, Barclays PLC started coverage on shares of NGL Energy Partners in a report on Wednesday, April 13th. They issued an “equal weight” rating and a $8.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. NGL Energy Partners has a consensus rating of “Hold” and an average target price of $13.50.

The stock has a 50 day moving average price of $17.77 and a 200 day moving average price of $11.83. The firm’s market cap is $1.98 billion.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings results on Friday, May 27th. The company reported ($1.99) earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by $2.53. Equities research analysts anticipate that NGL Energy Partners LP will post $1.18 EPS for the current fiscal year.

In related news, CFO Robert W. Karlovich III sold 10,680 shares of the stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $18.47, for a total transaction of $197,259.60. Following the sale, the chief financial officer now owns 64,320 shares of the company’s stock, valued at $1,187,990.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Shawn W. Coady sold 13,070 shares of the stock in a transaction on Wednesday, July 6th. The shares were sold at an average price of $18.47, for a total value of $241,402.90. Following the sale, the insider now directly owns 53,949 shares in the company, valued at approximately $996,438.03. The disclosure for this sale can be found here.

Several hedge funds recently bought and sold shares of the stock. PNC Financial Services Group Inc. raised its stake in NGL Energy Partners by 2.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 97,819 shares of the company’s stock worth $1,080,000 after buying an additional 2,230 shares during the last quarter. OppenheimerFunds Inc. raised its stake in NGL Energy Partners by 0.3% in the fourth quarter. OppenheimerFunds Inc. now owns 10,317,996 shares of the company’s stock worth $113,910,000 after buying an additional 31,444 shares during the last quarter. Penserra Capital Management LLC bought a new stake in NGL Energy Partners during the fourth quarter worth approximately $4,254,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in NGL Energy Partners by 13.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 1,478,553 shares of the company’s stock worth $16,323,000 after buying an additional 176,054 shares during the last quarter. Finally, Morgan Stanley raised its stake in NGL Energy Partners by 27.6% in the fourth quarter. Morgan Stanley now owns 2,188,227 shares of the company’s stock worth $24,158,000 after buying an additional 473,736 shares during the last quarter.

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