NBW Capital LLC Has $2.36 Million Stake in 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 increased its stake in shares of NGL Energy Partners LP (NYSE:NGL - Free Report) by 15.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 520,259 shares of the oil and gas company's stock after acquiring an additional 70,924 shares during the period. NBW Capital LLC owned about 0.39% of NGL Energy Partners worth $2,362,000 as of its most recent SEC filing.

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% in the 1st 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 position in shares of NGL Energy Partners in the fourth quarter valued at $55,000. Two Sigma Securities LLC acquired a new position in shares of NGL Energy Partners in the fourth quarter valued at $59,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of NGL Energy Partners in the fourth quarter valued at $61,000. Finally, Tidal Investments LLC increased its holdings in shares of 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 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 Trading Up 1.9%

Shares of NYSE:NGL traded up $0.09 on Tuesday, hitting $4.73. The company had a trading volume of 454,473 shares, compared to its average volume of 473,496. NGL Energy Partners LP has a 1-year low of $2.64 and a 1-year high of $5.73. The stock has a market cap of $604.60 million, a price-to-earnings ratio of -11.54 and a beta of 0.39. The stock has a 50 day moving average price of $4.24 and a 200 day moving average price of $4.14.

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 analysts' consensus estimates 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 net margin of 2.19% and a negative return on equity of 43.75%. Sell-side analysts anticipate that NGL Energy Partners LP will post -0.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen downgraded shares of NGL Energy Partners from a "buy" rating to a "hold" rating in a report on Monday, April 21st.

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.