Nomura Holdings Inc. Invests $1.30 Million in NGL Energy Partners LP $NGL

Key Points

• Nomura Holdings Inc. has invested approximately $1.30 million in NGL Energy Partners LP, acquiring 286,411 shares which constitute about 0.22% of the company.
• Institutional investors collectively hold 40.62% of NGL Energy Partners' stock, with several firms, including Raymond James and Mercer Global Advisors, recently purchasing new positions.
• NGL Energy Partners reported a negative earnings per share of ($0.27) for the last quarter, missing analyst expectations and highlighting financial challenges for the company.

Nomura Holdings Inc. purchased a new stake in NGL Energy Partners LP (NYSE:NGL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 286,411 shares of the oil and gas company's stock, valued at approximately $1,300,000. Nomura Holdings Inc. owned approximately 0.22% of NGL Energy Partners at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bank of America Corp DE boosted its position in shares of NGL Energy Partners by 27.3% in 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 period. HighTower Advisors LLC raised its holdings in NGL Energy Partners by 809.1% in the 1st quarter. HighTower Advisors LLC now owns 275,280 shares of the oil and gas company's stock worth $1,250,000 after acquiring an additional 245,000 shares during the period. Citigroup Inc. lifted its stake in 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 position in NGL Energy Partners by 8.4% in the 1st quarter. ING Groep NV now owns 1,325,803 shares of the oil and gas company's stock valued at $6,019,000 after acquiring an additional 103,000 shares in the last quarter. Finally, NBW Capital LLC increased its holdings in NGL Energy Partners by 15.8% in the first quarter. NBW Capital LLC now owns 520,259 shares of the oil and gas company's stock valued at $2,362,000 after purchasing an additional 70,924 shares during the last quarter. Institutional investors and hedge funds own 40.62% of the company's stock.

NGL Energy Partners Trading Up 2.2%

Shares of NYSE NGL traded up $0.13 during mid-day trading on Monday, hitting $5.88. The company had a trading volume of 660,653 shares, compared to its average volume of 514,154. The firm has a 50-day simple moving average of $4.61 and a two-hundred day simple moving average of $4.14. The company has a market capitalization of $751.12 million, a PE ratio of -14.33 and a beta of 0.41. NGL Energy Partners LP has a one year low of $2.64 and a one year high of $5.95.

NGL Energy Partners (NYSE:NGL - Get Free Report) last issued its 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). NGL Energy Partners had a net margin of 2.19% and a negative return on equity of 43.75%. The firm had revenue of $622.16 million during the quarter, compared to analyst estimates of $983.50 million. Sell-side analysts expect that NGL Energy Partners LP will post -0.22 earnings per share for the current fiscal 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.