NGL Energy Partners LP (NYSE:NGL) rose 2.3% during mid-day trading on Wednesday . The stock traded as high as $18.65 and last traded at $18.58, with a volume of 163,266 shares trading hands. The stock had previously closed at $18.17.

NGL has been the subject of several recent research reports. Zacks Investment Research upgraded NGL Energy Partners from a “sell” rating to a “hold” rating in a research note on Thursday, April 21st. Bank of America Corp. upgraded NGL Energy Partners from an “underperform” rating to a “neutral” rating in a research note on Friday, April 22nd. Barclays PLC initiated coverage on NGL Energy Partners in a research note on Wednesday, April 13th. They issued an “equal weight” rating and a $8.00 price target for the company. Stifel Nicolaus upgraded NGL Energy Partners from a “hold” rating to a “buy” rating and boosted their price target for the company from $16.63 to $18.00 in a research note on Friday, June 3rd. They noted that the move was a valuation call. Finally, Wunderlich boosted their price target on NGL Energy Partners from $7.50 to $13.50 and gave the company a “hold” rating in a research note on Monday, May 2nd. Two 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $13.50.

The stock’s market capitalization is $1.92 billion. The company’s 50-day moving average is $18.82 and its 200 day moving average is $13.03.

NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings results on Thursday, August 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.12) by $1.50. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Analysts anticipate that NGL Energy Partners LP will post $1.19 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Thursday, August 4th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, August 2nd. This represents a $1.56 annualized dividend and a dividend yield of 8.45%.

In other news, CAO Lawrence J. Thuillier sold 4,256 shares of the firm’s stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $18.47, for a total transaction of $78,608.32. Following the completion of the sale, the chief accounting officer now owns 25,744 shares in the company, valued at approximately $475,491.68. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President James J. Burke sold 13,070 shares of the firm’s stock in a transaction that occurred on Thursday, July 7th. The stock was sold at an average price of $18.31, for a total transaction of $239,311.70. Following the sale, the president now owns 169,815 shares of the company’s stock, valued at approximately $3,109,312.65. The disclosure for this sale can be found here.

Several large investors recently modified their holdings of NGL. Fort Washington Investment Advisors Inc. OH raised its stake in shares of 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 valued at $1,404,000 after buying an additional 8,000 shares during the last quarter. Atlantic Trust Group LLC raised its stake in shares of NGL Energy Partners by 136.1% in the fourth quarter. Atlantic Trust Group LLC now owns 367,530 shares of the company’s stock valued at $4,057,000 after buying an additional 211,830 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of NGL Energy Partners by 27.6% in the fourth quarter. Morgan Stanley now owns 2,188,227 shares of the company’s stock valued at $24,158,000 after buying an additional 473,736 shares during the last quarter.

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