HighTower Advisors LLC Has $1.25 Million Stake in NGL Energy Partners LP $NGL

Key Points

• HighTower Advisors LLC increased its holdings in NGL Energy Partners LP by 809.1% in the first quarter, owning 275,280 shares valued at approximately $1.25 million.
• Other institutional investors also raised their stakes during the period, contributing to a total of 40.62% of the stock being owned by institutional investors.
• NGL Energy Partners reported a quarterly loss of ($0.27) earnings per share, missing the consensus estimate, with revenue falling significantly short of expectations at $622.16 million.

HighTower Advisors LLC boosted its holdings in shares of NGL Energy Partners LP (NYSE:NGL - Free Report) by 809.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 275,280 shares of the oil and gas company's stock after buying an additional 245,000 shares during the quarter. HighTower Advisors LLC owned approximately 0.21% of NGL Energy Partners worth $1,250,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Bank of America Corp DE increased its position in NGL Energy Partners by 27.3% during the fourth quarter. Bank of America Corp DE now owns 6,812,752 shares of the oil and gas company's stock worth $33,996,000 after buying an additional 1,461,754 shares during the last quarter. Citigroup Inc. increased its stake in shares of NGL Energy Partners by 8.2% during the first quarter. Citigroup Inc. now owns 2,624,890 shares of the oil and gas company's stock worth $11,917,000 after purchasing an additional 199,770 shares during the period. ING Groep NV increased its stake in shares of NGL Energy Partners by 8.4% during the first quarter. ING Groep NV now owns 1,325,803 shares of the oil and gas company's stock worth $6,019,000 after purchasing an additional 103,000 shares during the period. NBW Capital LLC grew its position in NGL Energy Partners by 15.8% during the first quarter. NBW Capital LLC now owns 520,259 shares of the oil and gas company's stock worth $2,362,000 after buying an additional 70,924 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in NGL Energy Partners by 2.2% during the first quarter. Cetera Investment Advisers now owns 277,869 shares of the oil and gas company's stock worth $1,262,000 after buying an additional 5,865 shares in the last quarter. Institutional investors and hedge funds own 40.62% of the company's stock.

NGL Energy Partners Stock Up 5.6%

Shares of NGL stock traded up $0.29 during trading hours on Thursday, reaching $5.37. The company's stock had a trading volume of 786,173 shares, compared to its average volume of 802,065. NGL Energy Partners LP has a fifty-two week low of $2.64 and a fifty-two week high of $5.73. The company has a market capitalization of $685.92 million, a price-to-earnings ratio of -13.09 and a beta of 0.39. The firm's 50 day simple moving average is $4.48 and its 200-day simple moving average is $4.11.

NGL Energy Partners (NYSE:NGL - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The oil and gas company reported ($0.27) EPS for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.16). The firm had revenue of $622.16 million during the quarter, compared to the consensus estimate of $983.50 million. NGL Energy Partners had a net margin of 2.19% and a negative return on equity of 43.75%. Sell-side analysts predict that NGL Energy Partners LP will post -0.22 earnings per share for the current year.

NGL Energy Partners Company Profile

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water.