NGL Energy Partners LP (NYSE:NGL) shares dropped 3% during mid-day trading on Friday . The stock traded as low as $18.75 and last traded at $18.80, with a volume of 327,714 shares. The stock had previously closed at $19.38.

NGL has been the topic of several analyst reports. Zacks Investment Research upgraded shares of NGL Energy Partners from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Thursday, June 30th. Wunderlich upgraded shares of NGL Energy Partners from a “hold” rating to a “buy” rating and upped their target price for the stock from $13.00 to $20.00 in a research note on Monday, June 13th. Stifel Nicolaus upgraded shares of NGL Energy Partners from a “hold” rating to a “buy” rating and upped their target price for the stock from $16.63 to $18.00 in a research note on Friday, June 3rd. They noted that the move was a valuation call. Barclays PLC initiated coverage on shares of NGL Energy Partners in a research note on Wednesday, April 13th. They issued an “equal weight” rating and a $8.00 target price on the stock. Finally, Bank of America Corp. upgraded shares of NGL Energy Partners from an “underperform” rating to a “neutral” rating in a research note on Friday, April 22nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $13.50.

The company’s market cap is $1.97 billion. The firm’s 50-day moving average price is $18.78 and its 200 day moving average price is $12.29.

NGL Energy Partners (NYSE:NGL) last posted its earnings results on Friday, May 27th. The company reported ($1.99) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by $2.53. Analysts expect that NGL Energy Partners LP will post $1.18 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Shareholders of record on Thursday, August 4th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 8.26%. The ex-dividend date of this dividend is Tuesday, August 2nd.

In other NGL Energy Partners news, insider Shawn W. Coady sold 13,070 shares of the firm’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $18.47, for a total transaction of $241,402.90. Following the transaction, the insider now owns 53,949 shares of the company’s stock, valued at approximately $996,438.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Robert W. Karlovich III sold 10,680 shares of the firm’s stock in a transaction dated Wednesday, July 6th. The shares were sold at an average price of $18.47, for a total transaction of $197,259.60. Following the transaction, the chief financial officer now directly owns 64,320 shares in the company, valued at approximately $1,187,990.40. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have bought and sold shares of the stock. PNC Financial Services Group Inc. increased its position 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 period. Fort Washington Investment Advisors Inc. OH increased its position in NGL Energy Partners by 6.7% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 127,200 shares of the company’s stock worth $1,404,000 after buying an additional 8,000 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position 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 period. Atlantic Trust Group LLC increased its position in NGL Energy Partners by 136.1% in the fourth quarter. Atlantic Trust Group LLC now owns 367,530 shares of the company’s stock worth $4,057,000 after buying an additional 211,830 shares during the period. Finally, Morgan Stanley increased its position 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 period.

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