James Collingsworth Acquires 100,000 Shares of NGL Energy Partners (NYSE:NGL) Stock

Key Points

• Director James Collingsworth acquired 100,000 shares of NGL Energy Partners for an average price of $5.80 per share, increasing his holdings by 15.89%.
• NGL Energy Partners reported a quarterly loss of ($0.27) per share, falling short of analysts' expectations, with revenue of $622.16 million compared to $983.50 million in estimates.
• Approximately 40.62% of NGL Energy Partners' stock is held by hedge funds and institutional investors, indicating significant institutional interest in the company.

NGL Energy Partners LP (NYSE:NGL - Get Free Report) Director James Collingsworth bought 100,000 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were acquired at an average price of $5.80 per share, with a total value of $580,000.00. Following the transaction, the director directly owned 729,500 shares of the company's stock, valued at $4,231,100. This represents a 15.89% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

NGL Energy Partners Stock Performance

NGL traded up $0.42 during trading on Tuesday, hitting $6.17. 431,485 shares of the stock were exchanged, compared to its average volume of 515,070. NGL Energy Partners LP has a 1 year low of $2.64 and a 1 year high of $6.20. The firm has a 50 day simple moving average of $4.80 and a 200 day simple moving average of $4.19. The firm has a market cap of $788.96 million, a price-to-earnings ratio of -15.05 and a beta of 0.41.

NGL Energy Partners (NYSE:NGL - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The oil and gas company reported ($0.27) earnings per share for the quarter, missing analysts' consensus estimates of ($0.11) by ($0.16). The business had revenue of $622.16 million during the quarter, compared to analyst estimates of $983.50 million. NGL Energy Partners had a negative return on equity of 43.75% and a net margin of 2.19%. As a group, equities analysts anticipate that NGL Energy Partners LP will post -0.22 earnings per share for the current fiscal year.

Institutional Trading of NGL Energy Partners

Hedge funds and other institutional investors have recently bought and sold shares of the company. Windsor Advisory Group LLC bought a new position in NGL Energy Partners in the 1st quarter worth about $45,000. State of Wyoming purchased a new stake in NGL Energy Partners in the 1st quarter worth approximately $51,000. CreativeOne Wealth LLC lifted its position in NGL Energy Partners by 15.7% in the 2nd quarter. CreativeOne Wealth LLC now owns 17,700 shares of the oil and gas company's stock worth $76,000 after buying an additional 2,400 shares in the last quarter. Cresset Asset Management LLC acquired a new position in shares of NGL Energy Partners during the 4th quarter worth $109,000. Finally, Massar Capital Management LP increased its stake in shares of 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 worth $120,000 after purchasing an additional 5,295 shares during the last quarter. 40.62% of the stock is owned by hedge funds and other institutional investors.

About NGL Energy Partners

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.

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