James Collingsworth Acquires 10,808 Shares of NGL Energy Partners (NYSE:NGL) Stock

Key Points

• Director James Collingsworth bought 10,808 NGL shares at an average price of $16.82, investing approximately $181,791 and increasing his direct ownership to 764,308 shares.
• NGL Energy Partners reported quarterly earnings of $0.48 per share, beating the $0.11 consensus estimate, while revenue reached nearly $990 million versus expectations of $346 million.
• The stock recently traded around $17.13 and carries a consensus “Buy” rating; institutional investors own approximately 40.6% of the company, although the CEO’s separate sale of 300,000 shares presents a mixed insider signal.

NGL Energy Partners LP (NYSE:NGL - Get Free Report) Director James Collingsworth acquired 10,808 shares of the firm's stock in a transaction dated Tuesday, August 25th. The shares were acquired at an average price of $16.82 per share, for a total transaction of $181,790.56. Following the acquisition, the director directly owned 764,308 shares of the company's stock, valued at approximately $12,855,660.56. The trade was a 1.43% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NGL Energy Partners Stock Down 2.2%

Shares of NYSE:NGL traded down $0.38 during midday trading on Wednesday, reaching $17.13. The company's stock had a trading volume of 203,777 shares, compared to its average volume of 299,005. The firm has a market cap of $2.14 billion, a price-to-earnings ratio of -6.03 and a beta of 0.63. The business has a 50 day moving average price of $16.12 and a 200 day moving average price of $14.73. NGL Energy Partners LP has a 1 year low of $5.01 and a 1 year high of $18.80.

NGL Energy Partners (NYSE:NGL - Get Free Report) last released its earnings results on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.37. The firm had revenue of $989.99 million for the quarter, compared to the consensus estimate of $346.13 million. NGL Energy Partners had a negative return on equity of 39.51% and a negative net margin of 3.76%. Sell-side analysts anticipate that NGL Energy Partners LP will post 1.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NGL. Wall Street Zen raised shares of NGL Energy Partners from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research raised shares of NGL Energy Partners from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Finally, Weiss Ratings cut NGL Energy Partners from a "hold (c)" rating to a "hold (c-)" rating in a report on Thursday, June 4th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Buy".

Institutional Investors Weigh In On NGL Energy Partners

Several large investors have recently made changes to their positions in the business. CIBC Private Wealth Group LLC acquired a new position in shares of NGL Energy Partners during the 3rd quarter valued at $70,000. CIBC Bancorp USA Inc. acquired a new stake in NGL Energy Partners in the 3rd quarter valued at $70,000. Massar Capital Management LP raised its position in NGL Energy Partners by 23.2% in the second quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company's stock valued at $120,000 after purchasing an additional 5,295 shares during the period. LPL Financial LLC purchased a new position in NGL Energy Partners in the fourth quarter valued at about $120,000. Finally, State of Wyoming lifted its stake in shares of NGL Energy Partners by 184.0% during the second quarter. State of Wyoming now owns 32,202 shares of the oil and gas company's stock worth $138,000 after purchasing an additional 20,864 shares in the last quarter. Institutional investors and hedge funds own 40.62% of the company's stock.

More NGL Energy Partners News

Here are the key news stories impacting NGL Energy Partners this week:

• Positive Sentiment: Strong earnings momentum: NGL reported quarterly earnings of $0.48 per share, well above the $0.11 analyst consensus, while revenue of approximately $990 million also substantially exceeded expectations. Analysts forecast full-year earnings of $1.38 per share.
• Positive Sentiment: Significant director purchases: Director John T. Raymond bought 300,000 shares for about $5.1 million at an average price of $16.98 on August 25. The purchase increased his holdings by roughly 392%, a potentially bullish signal that an insider sees value in NGL at recent levels. SEC filing for director purchase
• Positive Sentiment: Supportive industry backdrop: Midstream companies generally benefited from strong second-quarter volumes, healthy margins, demand for natural gas and NGL exports, and relatively defensive fee-based cash flows. Strong Midstream 2Q26 Earnings Boost Full-Year Outlook
• Neutral Sentiment: Mixed analyst and ownership signals: The stock carries an overall “Buy” consensus, including Strong Buy and Hold ratings, while institutional investors own approximately 40.6% of outstanding shares. Recent institutional accumulation provides support, but ratings remain limited.
• Negative Sentiment: CEO reduced his position: CEO H. Michael Krimbill sold 300,000 shares for approximately $5.1 million at $17.00, reducing his holdings by 8.16%. Although he still owns more than 3.3 million shares, the large insider sale could raise concerns about near-term valuation or profit-taking. SEC filing for CEO sale

About NGL Energy Partners

NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.

The partnership's asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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