Nomura Holdings Inc. Makes New $1.30 Million Investment 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. bought 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 SEC. The institutional investor bought 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 quarter.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. bought a new stake in shares of NGL Energy Partners in the fourth quarter worth $55,000. Jane Street Group LLC acquired a new stake in NGL Energy Partners in the fourth quarter worth about $182,000. Mercer Global Advisors Inc. ADV bought a new stake in NGL Energy Partners in the fourth quarter worth about $61,000. Bank of America Corp DE raised its holdings in NGL Energy Partners by 27.3% during the 4th 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. Finally, Cresset Asset Management LLC acquired a new stake in NGL Energy Partners during the 4th quarter worth about $109,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

NGL Energy Partners Stock Performance

Shares of NYSE NGL traded up $0.09 during trading hours on Tuesday, hitting $5.97. The stock had a trading volume of 147,169 shares, compared to its average volume of 512,610. The company has a market capitalization of $762.61 million, a P/E ratio of -14.52 and a beta of 0.41. The firm's 50-day moving average price is $4.65 and its two-hundred day moving average price is $4.15. NGL Energy Partners LP has a 52 week low of $2.64 and a 52 week high of $5.99.

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 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 firm had revenue of $622.16 million during the quarter, compared to analyst estimates of $983.50 million. As a group, analysts expect that NGL Energy Partners LP will post -0.22 EPS 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.