NGL Energy Partners Target of Unusually Large Options Trading (NYSE:NGL)

NGL Energy Partners LP (NYSE:NGL) was the target of some unusual options trading activity on Thursday. Investors bought 31,138 call options on the company. This is an increase of approximately 4,758% compared to the typical volume of 641 call options.

A number of analysts recently weighed in on NGL shares. Zacks Investment Research raised shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a research note on Saturday, January 20th. ValuEngine raised shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd. Stifel Nicolaus upped their target price on shares of NGL Energy Partners from $10.00 to $12.00 and gave the company a “hold” rating in a research note on Tuesday, November 21st. Royal Bank of Canada reissued an “outperform” rating and issued a $16.00 target price (up previously from $14.00) on shares of NGL Energy Partners in a research note on Tuesday, November 7th. Finally, Credit Suisse Group started coverage on shares of NGL Energy Partners in a research note on Thursday, January 4th. They issued an “outperform” rating and a $16.00 target price on the stock. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.40.

Shares of NGL Energy Partners (NYSE:NGL) traded up $0.20 during trading on Monday, reaching $12.95. 875,977 shares of the company’s stock traded hands, compared to its average volume of 880,734. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.56 and a quick ratio of 0.99. The company has a market capitalization of $1,570.00, a PE ratio of -6.17 and a beta of 0.79. NGL Energy Partners has a 1 year low of $8.57 and a 1 year high of $24.60.

NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings data on Friday, February 9th. The oil and gas company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.13. The firm had revenue of $4.46 billion for the quarter, compared to analysts’ expectations of $3.96 billion. NGL Energy Partners had a negative net margin of 0.97% and a negative return on equity of 1.80%. equities analysts expect that NGL Energy Partners will post -1.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th will be paid a dividend of $0.39 per share. The ex-dividend date is Monday, February 5th. This represents a $1.56 annualized dividend and a yield of 12.05%. NGL Energy Partners’s dividend payout ratio is -74.29%.

In related news, CFO Robert W. Karlovich III acquired 10,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The stock was acquired at an average price of $11.66 per share, with a total value of $116,600.00. Following the completion of the transaction, the chief financial officer now owns 99,320 shares of the company’s stock, valued at $1,158,071.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

A number of institutional investors have recently modified their holdings of the business. Oppenheimer & Co. Inc. grew its stake in shares of NGL Energy Partners by 32.0% during the second quarter. Oppenheimer & Co. Inc. now owns 14,450 shares of the oil and gas company’s stock valued at $202,000 after purchasing an additional 3,500 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of NGL Energy Partners by 2.4% during the second quarter. Wells Fargo & Company MN now owns 239,687 shares of the oil and gas company’s stock valued at $3,355,000 after purchasing an additional 5,538 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of NGL Energy Partners by 5.9% during the second quarter. Alliancebernstein L.P. now owns 22,077 shares of the oil and gas company’s stock valued at $309,000 after purchasing an additional 1,236 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of NGL Energy Partners by 12.8% during the second quarter. PNC Financial Services Group Inc. now owns 100,610 shares of the oil and gas company’s stock valued at $1,408,000 after purchasing an additional 11,380 shares during the last quarter. Finally, Rafferty Asset Management LLC grew its stake in shares of NGL Energy Partners by 48.9% during the second quarter. Rafferty Asset Management LLC now owns 200,565 shares of the oil and gas company’s stock valued at $2,808,000 after purchasing an additional 65,827 shares during the last quarter. 70.53% of the stock is currently owned by hedge funds and other institutional investors.

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NGL Energy Partners Company Profile

NGL Energy Partners LP owns and operates a vertically integrated energy business. The Company’s segments are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. Its crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.

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