Invesco Ltd. Purchases 85,000 Shares of NGL Energy Partners LP (NYSE:NGL)

Invesco Ltd. grew its holdings in shares of NGL Energy Partners LP (NYSE:NGL - Free Report) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,647,133 shares of the oil and gas company's stock after acquiring an additional 85,000 shares during the quarter. Invesco Ltd. owned about 14.88% of NGL Energy Partners worth $98,039,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. XTX Topco Ltd purchased a new stake in NGL Energy Partners in the third quarter valued at approximately $46,000. Tidal Investments LLC increased its holdings in shares of NGL Energy Partners by 33.3% in the 3rd quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company's stock worth $160,000 after buying an additional 8,877 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of NGL Energy Partners by 3.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 5,008,565 shares of the oil and gas company's stock valued at $22,539,000 after buying an additional 154,098 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of NGL Energy Partners by 42.4% during the 4th quarter. Van ECK Associates Corp now owns 31,672 shares of the oil and gas company's stock worth $158,000 after acquiring an additional 9,426 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in NGL Energy Partners in the fourth quarter worth $55,000. Institutional investors own 40.62% of the company's stock.

Insider Transactions at NGL Energy Partners

In other NGL Energy Partners news, CEO H Michael Krimbill purchased 15,000 shares of the stock in a transaction on Thursday, February 13th. The stock was acquired at an average price of $4.49 per share, with a total value of $67,350.00. Following the transaction, the chief executive officer now directly owns 603,000 shares of the company's stock, valued at approximately $2,707,470. This trade represents a 2.55 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Analyst Ratings Changes

Separately, StockNews.com upgraded NGL Energy Partners from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th.

NGL Energy Partners Stock Performance

NYSE:NGL traded up $0.19 during mid-day trading on Friday, reaching $2.99. The stock had a trading volume of 508,054 shares, compared to its average volume of 385,435. The stock has a market capitalization of $394.06 million, a P/E ratio of -1.18 and a beta of 1.24. The firm has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $4.60. NGL Energy Partners LP has a one year low of $2.64 and a one year high of $6.08.

NGL Energy Partners (NYSE:NGL - Get Free Report) last released its earnings results on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by ($0.25). NGL Energy Partners had a negative net margin of 3.57% and a negative return on equity of 29.77%. Research analysts forecast that NGL Energy Partners LP will post -0.22 earnings per share for the current year.

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.