NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill Acquires 60,000 Shares

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NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill purchased 60,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average price of $12.72 per share, with a total value of $763,200.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

H Michael Krimbill also recently made the following trade(s):

  • On Wednesday, June 12th, H Michael Krimbill purchased 25,000 shares of NGL Energy Partners stock. The stock was bought at an average price of $14.53 per share, with a total value of $363,250.00.

NGL Energy Partners stock opened at $13.02 on Thursday. The company has a market cap of $1.62 billion, a PE ratio of -10.33, a P/E/G ratio of 7.85 and a beta of 1.06. The company has a fifty day moving average price of $14.57 and a two-hundred day moving average price of $14.04. The company has a debt-to-equity ratio of 1.59, a current ratio of 1.42 and a quick ratio of 0.98. NGL Energy Partners LP has a 12 month low of $8.71 and a 12 month high of $15.71.

NGL Energy Partners (NYSE:NGL) last released its quarterly earnings data on Thursday, August 8th. The oil and gas company reported ($0.96) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.89). The business had revenue of $6.64 billion during the quarter, compared to analyst estimates of $5.40 billion. NGL Energy Partners had a negative return on equity of 1.15% and a net margin of 1.54%. The firm’s revenue was up 13.6% compared to the same quarter last year. Equities research analysts anticipate that NGL Energy Partners LP will post 0.82 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 11.98%. The ex-dividend date of this dividend was Tuesday, August 6th. NGL Energy Partners’s dividend payout ratio is presently -123.81%.

A number of brokerages recently issued reports on NGL. ValuEngine lowered shares of NGL Energy Partners from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Raymond James set a $18.00 price target on shares of NGL Energy Partners and gave the stock a “buy” rating in a research note on Friday, May 24th. UBS Group lifted their price target on shares of NGL Energy Partners from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Zacks Investment Research lowered shares of NGL Energy Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, July 24th. Finally, Piper Jaffray Companies began coverage on shares of NGL Energy Partners in a research note on Wednesday, July 17th. They issued a “neutral” rating and a $17.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.75.

A number of institutional investors have recently added to or reduced their stakes in NGL. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of NGL Energy Partners by 3.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 301,981 shares of the oil and gas company’s stock valued at $4,460,000 after purchasing an additional 9,442 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of NGL Energy Partners by 7,039.5% in the second quarter. Centaurus Financial Inc. now owns 18,420 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 18,162 shares in the last quarter. Invesco Ltd. raised its stake in shares of NGL Energy Partners by 11,053.5% in the second quarter. Invesco Ltd. now owns 21,007,430 shares of the oil and gas company’s stock valued at $310,279,000 after purchasing an additional 20,819,081 shares in the last quarter. Infrastructure Capital Advisors LLC raised its stake in shares of NGL Energy Partners by 2.0% in the second quarter. Infrastructure Capital Advisors LLC now owns 936,531 shares of the oil and gas company’s stock valued at $13,898,000 after purchasing an additional 17,936 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of NGL Energy Partners by 0.8% in the second quarter. Bank of Montreal Can now owns 2,046,259 shares of the oil and gas company’s stock valued at $30,223,000 after purchasing an additional 15,659 shares in the last quarter. 59.40% of the stock is owned by hedge funds and other institutional investors.

About NGL Energy Partners

NGL Energy Partners LP, together with its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, trucking, marine, and pipeline transportation services.

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