NGL Energy Partners LP (NYSE:NGL – Get Free Report) Director James Collingsworth purchased 10,808 shares of the stock in a transaction that occurred on Tuesday, August 25th. The stock was purchased at an average price of $16.82 per share, with a total value of $181,790.56. Following the acquisition, the director directly owned 764,308 shares of the company’s stock, valued at $12,855,660.56. This trade represents a 1.43% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
NGL Energy Partners Stock Down 2.2%
NGL Energy Partners stock opened at $17.13 on Thursday. NGL Energy Partners LP has a twelve month low of $5.01 and a twelve month high of $18.80. The business has a fifty day moving average of $16.15 and a two-hundred day moving average of $14.76. The firm has a market cap of $2.14 billion, a P/E ratio of -6.03 and a beta of 0.63.
NGL Energy Partners (NYSE:NGL – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.37. The business had revenue of $989.99 million during the quarter, compared to the consensus estimate of $346.13 million. NGL Energy Partners had a negative return on equity of 39.51% and a negative net margin of 3.76%. Equities analysts expect that NGL Energy Partners LP will post 1.38 earnings per share for the current year.
Key Headlines Impacting NGL Energy Partners
- Positive Sentiment: Director John T. Raymond purchased a combined 326,626 shares for approximately $5.53 million across transactions from August 21–25. The purchases substantially increased his ownership and may signal confidence in NGL’s valuation and outlook. SEC insider purchase filing
- Positive Sentiment: Director James M. Collingsworth bought 11,008 additional shares for roughly $185,183 over August 25–26. The purchases add to an already substantial position and provide another favorable insider-ownership signal. SEC insider purchase filing
- Positive Sentiment: NGL’s latest quarterly results significantly exceeded expectations, with EPS of $0.48 versus a $0.11 consensus estimate and revenue of approximately $990 million versus estimates near $346 million. Analysts expect full-year EPS of about $1.38, supporting the case for continued earnings improvement.
- Positive Sentiment: Broader midstream companies have reported strong second-quarter results, aided by higher throughput, resilient fee-based cash flows, and demand for natural gas and NGL exports. This sector backdrop is generally supportive for NGL. Strong Midstream 2Q26 Earnings Boost Full-Year Outlook
- Neutral Sentiment: Institutional investors own approximately 40.6% of NGL’s shares, with several funds recently increasing or initiating positions. Analyst sentiment is broadly favorable, though coverage remains limited and includes both Strong Buy and Hold ratings.
- Negative Sentiment: CEO H. Michael Krimbill sold 300,000 shares for $5.1 million, reducing his direct holdings by 8.16%. Although directors made larger aggregate purchases, the sizable executive sale could raise questions about near-term insider conviction.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on NGL. Weiss Ratings cut shares of NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 4th. Wall Street Zen raised NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Zacks Research upgraded NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.
Get Our Latest Stock Report on NGL
Institutional Investors Weigh In On NGL Energy Partners
A number of hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC acquired a new position in NGL Energy Partners in the third quarter valued at approximately $70,000. CIBC Bancorp USA Inc. acquired a new position in shares of NGL Energy Partners during the third quarter valued at approximately $70,000. Massar Capital Management LP raised its holdings in NGL Energy Partners by 23.2% during the second quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company’s stock worth $120,000 after purchasing an additional 5,295 shares in the last quarter. LPL Financial LLC bought a new position in NGL Energy Partners during the fourth quarter valued at about $120,000. Finally, State of Wyoming grew its stake in shares of NGL Energy Partners by 184.0% in the 2nd quarter. State of Wyoming now owns 32,202 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 20,864 shares during the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.
About NGL Energy Partners
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.
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