NGL Energy Partners LP $NGL Shares Acquired by ING Groep NV

ING Groep NV grew its holdings in shares of NGL Energy Partners LP (NYSE:NGL) by 229.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,931,803 shares of the oil and gas company’s stock after purchasing an additional 3,436,000 shares during the period. ING Groep NV owned approximately 3.86% of NGL Energy Partners worth $29,591,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Goldman Sachs Group Inc. increased its position in NGL Energy Partners by 3.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 5,248,614 shares of the oil and gas company’s stock valued at $23,829,000 after buying an additional 165,249 shares in the last quarter. ELCO Management Co. LLC boosted its holdings in NGL Energy Partners by 26.2% in the second quarter. ELCO Management Co. LLC now owns 197,580 shares of the oil and gas company’s stock worth $844,000 after acquiring an additional 40,960 shares in the last quarter. Prescott Group Capital Management L.L.C. grew its stake in shares of NGL Energy Partners by 713.1% during the second quarter. Prescott Group Capital Management L.L.C. now owns 990,638 shares of the oil and gas company’s stock worth $4,230,000 after acquiring an additional 868,800 shares during the last quarter. AlphaCore Capital LLC grew its stake in shares of NGL Energy Partners by 28.0% during the second quarter. AlphaCore Capital LLC now owns 160,000 shares of the oil and gas company’s stock worth $683,000 after acquiring an additional 35,000 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its position in shares of NGL Energy Partners by 15.7% in the 2nd quarter. CreativeOne Wealth LLC now owns 17,700 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 2,400 shares during the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on NGL shares. Weiss Ratings reiterated a “hold (c)” rating on shares of NGL Energy Partners in a research note on Wednesday, January 28th. Zacks Research raised shares of NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 13th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

NGL Energy Partners Trading Down 0.8%

Shares of NYSE:NGL opened at $12.03 on Wednesday. NGL Energy Partners LP has a twelve month low of $2.64 and a twelve month high of $13.00. The company has a market cap of $1.49 billion, a PE ratio of 300.83 and a beta of 0.31. The company’s 50 day moving average is $10.26 and its 200 day moving average is $7.85.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings data on Tuesday, February 3rd. The oil and gas company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.06). The business had revenue of $909.82 million for the quarter, compared to analyst estimates of $700.76 million. NGL Energy Partners had a net margin of 5.01% and a negative return on equity of 66.52%. Equities research analysts predict that NGL Energy Partners LP will post -0.22 earnings per share for the current fiscal year.

NGL Energy Partners Company Profile

NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.

The partnership’s asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.