Cygnus Capital Advisors LLC Sells 137,500 Shares of NGL Energy Partners LP $NGL

Cygnus Capital Advisors LLC lowered its position in shares of NGL Energy Partners LP (NYSE:NGL) by 76.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,427 shares of the oil and gas company’s stock after selling 137,500 shares during the quarter. Cygnus Capital Advisors LLC’s holdings in NGL Energy Partners were worth $692,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NGL. Bank of America Corp DE boosted its position in shares of NGL Energy Partners by 18.7% in the third quarter. Bank of America Corp DE now owns 11,728,872 shares of the oil and gas company’s stock worth $70,373,000 after purchasing an additional 1,843,849 shares during the period. Goldman Sachs Group Inc. raised its position in shares of NGL Energy Partners by 9.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 7,522,370 shares of the oil and gas company’s stock valued at $75,224,000 after purchasing an additional 651,779 shares during the period. Angelo Gordon & CO. L.P. purchased a new position in shares of NGL Energy Partners during the 2nd quarter valued at $2,730,000. BNP Paribas Financial Markets boosted its holdings in NGL Energy Partners by 2,963.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 292,261 shares of the oil and gas company’s stock worth $1,754,000 after buying an additional 282,721 shares during the period. Finally, ING Groep NV boosted its holdings in NGL Energy Partners by 4.9% in the 4th quarter. ING Groep NV now owns 5,174,803 shares of the oil and gas company’s stock worth $51,748,000 after buying an additional 243,000 shares during the period. 40.62% of the stock is currently owned by institutional investors.

Insider Transactions at NGL Energy Partners

In other NGL Energy Partners news, CEO H. Krimbill sold 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $17.00, for a total transaction of $5,100,000.00. Following the completion of the transaction, the chief executive officer owned 3,378,615 shares in the company, valued at $57,436,455. This trade represents a 8.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director James M. Collingsworth acquired 2,289 shares of NGL Energy Partners stock in a transaction on Thursday, August 27th. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $38,913.00. Following the purchase, the director owned 766,797 shares in the company, valued at approximately $13,035,549. The trade was a 0.30% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have bought 339,923 shares of company stock valued at $5,750,003. 7.30% of the stock is currently owned by insiders.

NGL Energy Partners Stock Performance

NGL opened at $17.79 on Tuesday. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -6.26 and a beta of 0.66. The company has a fifty day moving average of $16.49 and a 200 day moving average of $15.11. NGL Energy Partners LP has a fifty-two week low of $5.68 and a fifty-two week high of $19.06.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings results on Tuesday, August 4th. The oil and gas company reported $0.48 EPS for the quarter, topping the consensus estimate of $0.11 by $0.37. NGL Energy Partners had a negative net margin of 3.76% and a negative return on equity of 39.51%. The business had revenue of $989.99 million for the quarter, compared to analysts’ expectations of $346.13 million. On average, equities research analysts forecast that NGL Energy Partners LP will post 1.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on NGL. Zacks Research raised NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NGL Energy Partners in a research note on Tuesday, September 1st. Finally, Wall Street Zen upgraded NGL Energy Partners from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, NGL Energy Partners has an average rating of “Buy”.

NGL Energy Partners 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.