NGL Energy Partners LP $NGL Shares Acquired by Jump Financial LLC

Key Points

• Jump Financial LLC increased its stake in NGL Energy Partners LP by 213.1%, now owning 69,500 shares valued at approximately $316,000.
• Several institutional investors made new acquisitions in NGL Energy Partners during the fourth quarter, collectively increasing institutional ownership to 40.62%.
• NGL Energy Partners reported a loss of $0.27 EPS in its last quarter, missing the consensus estimate, with revenues significantly lower than analyst expectations at $622.16 million.

Jump Financial LLC lifted its position in shares of NGL Energy Partners LP (NYSE:NGL - Free Report) by 213.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 69,500 shares of the oil and gas company's stock after buying an additional 47,300 shares during the quarter. Jump Financial LLC owned approximately 0.05% of NGL Energy Partners worth $316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Investment Advisers grew its position in shares of NGL Energy Partners by 2.2% during the 1st 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. Raymond James Financial Inc. bought a new stake in NGL Energy Partners during the fourth quarter valued at about $55,000. Mercer Global Advisors Inc. ADV bought a new stake in NGL Energy Partners during the fourth quarter valued at about $61,000. Tidal Investments LLC boosted its position in NGL Energy Partners by 37.2% during the fourth quarter. Tidal Investments LLC now owns 48,743 shares of the oil and gas company's stock valued at $243,000 after purchasing an additional 13,216 shares in the last quarter. Finally, Scissortail Wealth Management LLC bought a new stake in NGL Energy Partners during the fourth quarter valued at about $71,000. Institutional investors own 40.62% of the company's stock.

NGL Energy Partners Stock Performance

NGL stock traded down $0.05 during trading on Friday, reaching $5.76. 916,793 shares of the company traded hands, compared to its average volume of 849,169. NGL Energy Partners LP has a 12 month low of $2.64 and a 12 month high of $5.89. The business has a 50 day simple moving average of $4.61 and a 200 day simple moving average of $4.14. The company has a market capitalization of $735.78 million, a price-to-earnings ratio of -14.04 and a beta of 0.41.

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

About NGL Energy Partners

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.