Invesco Ltd. Sells 85,000 Shares of NGL Energy Partners LP $NGL

Key Points

• Invesco Ltd. sold 85,000 shares of NGL Energy Partners LP, reducing its stake to approximately 14.82%, valued at around $88.8 million as of its latest SEC filing.
• Institutional investors collectively own about 40.62% of NGL Energy Partners, with several firms, including Bank of America and Citigroup, increasing their holdings in the first quarter.
• NGL Energy Partners reported a loss of $0.27 earnings per share for the last quarter, missing analyst expectations, and is projected to have a negative earnings per share of -0.22 for the current year.

Invesco Ltd. reduced its stake in NGL Energy Partners LP (NYSE:NGL - Free Report) by 0.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 19,562,133 shares of the oil and gas company's stock after selling 85,000 shares during the quarter. Invesco Ltd. owned approximately 14.82% of NGL Energy Partners worth $88,812,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Cetera Investment Advisers lifted its holdings in NGL Energy Partners by 2.2% in the 1st quarter. Cetera Investment Advisers now owns 277,869 shares of the oil and gas company's stock worth $1,262,000 after purchasing an additional 5,865 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in NGL Energy Partners in the 4th quarter worth approximately $55,000. Two Sigma Securities LLC acquired a new stake in NGL Energy Partners in the 4th quarter worth approximately $59,000. Mercer Global Advisors Inc. ADV acquired a new stake in NGL Energy Partners in the 4th quarter worth approximately $61,000. Finally, Tidal Investments LLC lifted its holdings in NGL Energy Partners by 37.2% in the 4th quarter. Tidal Investments LLC now owns 48,743 shares of the oil and gas company's stock worth $243,000 after purchasing an additional 13,216 shares during the last quarter. 40.62% of the stock is currently owned by institutional investors and hedge funds.

NGL Energy Partners Price Performance

NGL traded up $0.0350 on Thursday, hitting $4.9450. The company had a trading volume of 1,405,720 shares, compared to its average volume of 593,362. The company's fifty day moving average price is $4.41 and its 200 day moving average price is $4.13. The stock has a market cap of $632.22 million, a price-to-earnings ratio of -12.06 and a beta of 0.39. NGL Energy Partners LP has a 1-year low of $2.64 and a 1-year high of $5.73.

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