NGL Energy Partners LP (NGL) CEO H Michael Krimbill Buys 20,000 Shares of Stock
NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill purchased 20,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The stock was bought at an average price of $17.31 per share, for a total transaction of $346,200.00. Following the completion of the acquisition, the chief executive officer now directly owns 789,417 shares in the company, valued at approximately $13,664,808.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of NGL Energy Partners LP (NYSE:NGL) opened at 17.64 on Wednesday. The firm’s 50-day moving average price is $18.07 and its 200-day moving average price is $14.93. NGL Energy Partners LP has a 12 month low of $5.57 and a 12 month high of $24.46. The firm’s market cap is $1.86 billion.
NGL Energy Partners (NYSE:NGL) last posted its earnings results on Thursday, August 4th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of ($0.12) by $1.50. The business earned $2.72 billion during the quarter, compared to analysts’ expectations of $2.48 billion. Analysts expect that NGL Energy Partners LP will post $1.24 earnings per share for the current year.
NGL has been the topic of a number of analyst reports. Zacks Investment Research downgraded NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. FBR & Co started coverage on NGL Energy Partners in a report on Friday, September 9th. They issued a “market perform” rating and a $21.00 price target on the stock. Stifel Nicolaus raised NGL Energy Partners from a “hold” rating to a “buy” rating and raised their price objective for the stock from $16.63 to $18.00 in a research report on Friday, June 3rd. They noted that the move was a valuation call. Finally, Wunderlich raised NGL Energy Partners from a “hold” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $20.00 in a research report on Monday, June 13th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NGL Energy Partners currently has a consensus rating of “Hold” and an average target price of $14.44.
A number of institutional investors have recently bought and sold shares of NGL. Alliancebernstein L.P. raised its position in NGL Energy Partners by 2.5% in the second quarter. Alliancebernstein L.P. now owns 13,227 shares of the company’s stock valued at $256,000 after buying an additional 327 shares during the period. State Street Corp raised its position in NGL Energy Partners by 3.9% in the first quarter. State Street Corp now owns 66,970 shares of the company’s stock valued at $504,000 after buying an additional 2,506 shares during the period. BB&T Securities LLC raised its position in NGL Energy Partners by 10.7% in the first quarter. BB&T Securities LLC now owns 28,010 shares of the company’s stock valued at $210,000 after buying an additional 2,700 shares during the period. Janney Montgomery Scott LLC raised its position in NGL Energy Partners by 5.2% in the second quarter. Janney Montgomery Scott LLC now owns 102,119 shares of the company’s stock valued at $1,127,000 after buying an additional 5,016 shares during the period. Finally, Pinnacle Holdings LLC raised its position in NGL Energy Partners by 1.6% in the first quarter. Pinnacle Holdings LLC now owns 356,970 shares of the company’s stock valued at $2,684,000 after buying an additional 5,591 shares during the period.
NGL Energy Partners Company Profile
NGL Energy Partners LP owns and operates a vertically integrated energy business. The Company’s segments are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. Its crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.
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