John Raymond Purchases 300,000 Shares of NGL Energy Partners (NYSE:NGL) Stock

Key Points

• Director John Raymond purchased 300,000 NGL shares at an average price of $16.98, investing approximately $5.09 million and increasing his position by 391.51% to 376,626 shares.
• NGL shares traded at $17.13, near their 52-week high of $18.80, while the company reported quarterly EPS of $0.48—well above the $0.11 analyst consensus—and revenue of $989.99 million.
• Analyst sentiment is generally positive, with Zacks Research and Wall Street Zen upgrading the stock and MarketBeat reporting a consensus rating of “Buy”; institutional investors own 40.62% of the company.

NGL Energy Partners LP (NYSE:NGL - Get Free Report) Director John Raymond acquired 300,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 25th. The stock was bought at an average price of $16.98 per share, for a total transaction of $5,094,000.00. Following the completion of the transaction, the director owned 376,626 shares of the company's stock, valued at $6,395,109.48. The trade was a 391.51% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

NGL Energy Partners Price Performance

NGL stock traded down $0.38 during midday trading on Wednesday, reaching $17.13. The company had a trading volume of 198,068 shares, compared to its average volume of 298,933. NGL Energy Partners LP has a 1 year low of $5.01 and a 1 year high of $18.80. The company has a market capitalization of $2.14 billion, a P/E ratio of -6.03 and a beta of 0.63. The firm has a 50-day moving average price of $16.12 and a 200-day moving average price of $14.73.

NGL Energy Partners (NYSE:NGL - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.37. NGL Energy Partners had a negative net margin of 3.76% and a negative return on equity of 39.51%. The company had revenue of $989.99 million during the quarter, compared to the consensus estimate of $346.13 million. On average, equities analysts predict that NGL Energy Partners LP will post 1.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NGL. Zacks Research raised NGL Energy Partners from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded NGL Energy Partners from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. 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 MarketBeat.com, NGL Energy Partners presently has a consensus rating of "Buy".

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Private Wealth Group LLC purchased a new position in shares of NGL Energy Partners in the third quarter worth about $70,000. CIBC Bancorp USA Inc. purchased a new stake in NGL Energy Partners during the 3rd quarter valued at about $70,000. Massar Capital Management LP boosted its holdings in NGL Energy Partners by 23.2% during the 2nd quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company's stock valued at $120,000 after acquiring an additional 5,295 shares during the period. LPL Financial LLC bought a new position in NGL Energy Partners during the 4th quarter worth approximately $120,000. Finally, State of Wyoming grew its position in NGL Energy Partners by 184.0% during the 2nd quarter. State of Wyoming now owns 32,202 shares of the oil and gas company's stock worth $138,000 after acquiring an additional 20,864 shares during the last quarter. 40.62% of the stock is owned by institutional investors.

NGL Energy Partners Company Profile

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.

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