NGL Energy Partners LP (NYSE:NGL – Get Free Report) shares saw unusually-strong trading volume on Tuesday after an insider bought additional shares in the company. 356,869 shares changed hands during trading, an increase of 20% from the previous session’s volume of 296,407 shares.The stock last traded at $17.0130 and had previously closed at $16.33.
Specifically, Director John T. Raymond bought 25,500 shares of the firm’s stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average cost of $16.22 per share, with a total value of $413,610.00. Following the transaction, the director directly owned 76,626 shares of the company’s stock, valued at approximately $1,242,873.72. This represents a 49.88% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on NGL shares. Weiss Ratings lowered shares of NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. 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. Finally, Zacks Research upgraded NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, NGL Energy Partners has an average rating of “Buy”.
More NGL Energy Partners News
Here are the key news stories impacting NGL Energy Partners this week:
- Positive Sentiment: Director John T. Raymond purchased a combined 326,626 shares for approximately $5.53 million across transactions from August 21–25. The purchases substantially increased his ownership and may signal confidence in NGL’s valuation and outlook. SEC insider purchase filing
- Positive Sentiment: Director James M. Collingsworth bought 11,008 additional shares for roughly $185,183 over August 25–26. The purchases add to an already substantial position and provide another favorable insider-ownership signal. SEC insider purchase filing
- Positive Sentiment: NGL’s latest quarterly results significantly exceeded expectations, with EPS of $0.48 versus a $0.11 consensus estimate and revenue of approximately $990 million versus estimates near $346 million. Analysts expect full-year EPS of about $1.38, supporting the case for continued earnings improvement.
- Positive Sentiment: Broader midstream companies have reported strong second-quarter results, aided by higher throughput, resilient fee-based cash flows, and demand for natural gas and NGL exports. This sector backdrop is generally supportive for NGL. Strong Midstream 2Q26 Earnings Boost Full-Year Outlook
- Neutral Sentiment: Institutional investors own approximately 40.6% of NGL’s shares, with several funds recently increasing or initiating positions. Analyst sentiment is broadly favorable, though coverage remains limited and includes both Strong Buy and Hold ratings.
- Negative Sentiment: CEO H. Michael Krimbill sold 300,000 shares for $5.1 million, reducing his direct holdings by 8.16%. Although directors made larger aggregate purchases, the sizable executive sale could raise questions about near-term insider conviction.
NGL Energy Partners Stock Performance
The company has a market cap of $2.14 billion, a PE ratio of -6.03 and a beta of 0.63. The company’s 50 day moving average price is $16.15 and its 200-day moving average price is $14.76.
NGL Energy Partners (NYSE:NGL – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.11 by $0.37. The business had revenue of $989.99 million for the quarter, compared to the consensus estimate of $346.13 million. NGL Energy Partners had a negative net margin of 3.76% and a negative return on equity of 39.51%. Equities research analysts expect that NGL Energy Partners LP will post 1.38 EPS for the current year.
Institutional Investors Weigh In On NGL Energy Partners
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Quartz Partners LLC increased its holdings in shares of NGL Energy Partners by 6.8% in the first quarter. Quartz Partners LLC now owns 16,504 shares of the oil and gas company’s stock worth $203,000 after buying an additional 1,052 shares during the period. Carter Financial Group INC. boosted its holdings in NGL Energy Partners by 3.1% during the 2nd quarter. Carter Financial Group INC. now owns 66,889 shares of the oil and gas company’s stock valued at $1,066,000 after acquiring an additional 2,000 shares during the period. Wells Fargo & Company MN boosted its holdings in NGL Energy Partners by 9.4% during the 4th quarter. Wells Fargo & Company MN now owns 34,800 shares of the oil and gas company’s stock valued at $348,000 after acquiring an additional 3,000 shares during the period. XTX Topco Ltd grew its position in NGL Energy Partners by 9.0% during the 4th quarter. XTX Topco Ltd now owns 37,579 shares of the oil and gas company’s stock worth $376,000 after acquiring an additional 3,103 shares during the last quarter. Finally, Massar Capital Management LP increased its stake in NGL Energy Partners by 23.2% in 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 period. 40.62% of the stock is owned by hedge funds and other institutional investors.
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.
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