NBW Capital LLC Purchases 70,924 Shares of NGL Energy Partners LP (NYSE:NGL)

Key Points

• NBW Capital LLC increased its stake in NGL Energy Partners LP by 15.8% in the first quarter, owning 520,259 shares valued at approximately $2.36 million.
• Institutional ownership of NGL Energy Partners is significant, with notable investors like Bank of America and Citigroup also increasing their stakes.
• NGL Energy Partners recently reported earnings with a projected -0.22 EPS for the current year, indicating operational challenges despite beating quarterly estimates.

NBW Capital LLC boosted its holdings in NGL Energy Partners LP (NYSE:NGL - Free Report) by 15.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 520,259 shares of the oil and gas company's stock after purchasing an additional 70,924 shares during the quarter. NBW Capital LLC owned about 0.39% of NGL Energy Partners worth $2,362,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Separately, Wall Street Zen cut NGL Energy Partners from a "buy" rating to a "hold" rating in a research note on Monday, April 21st.

NGL Energy Partners Trading Up 11.0%

Shares of NYSE:NGL traded up $0.44 during mid-day trading on Friday, hitting $4.44. 1,732,541 shares of the company traded hands, compared to its average volume of 437,829. The stock has a market cap of $586.12 million, a P/E ratio of -10.83 and a beta of 0.39. NGL Energy Partners LP has a 12-month low of $2.64 and a 12-month high of $5.73. The stock has a 50-day moving average price of $4.22 and a two-hundred day moving average price of $4.15.

NGL Energy Partners (NYSE:NGL - Get Free Report) last announced its earnings results on Thursday, August 7th. The oil and gas company reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.16). The company had revenue of $622.16 million for the quarter, compared to analysts' expectations of $983.50 million. NGL Energy Partners had a net margin of 2.19% and a negative return on equity of 45.06%. As a group, analysts expect that NGL Energy Partners LP will post -0.22 earnings per share for the current year.

NGL Energy Partners 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.