Kayne Anderson Capital Advisors LP lessened its position in NGL Energy Partners LP (NYSE:NGL) by 39.1% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,423,637 shares of the oil and gas company’s stock after selling 912,500 shares during the period. Kayne Anderson Capital Advisors LP’s holdings in NGL Energy Partners were worth $20,001,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently made changes to their positions in the company. BNP Paribas Arbitrage SA grew its position in shares of NGL Energy Partners by 399.1% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 8,983 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 7,183 shares during the period. Commonwealth Equity Services Inc bought a new stake in shares of NGL Energy Partners during the 3rd quarter worth about $117,000. Edge Advisors LLC bought a new stake in shares of NGL Energy Partners during the 4th quarter worth about $210,000. Virtu Financial LLC bought a new stake in shares of NGL Energy Partners during the 4th quarter worth about $227,000. Finally, Koch Industries Inc. bought a new stake in shares of NGL Energy Partners during the 4th quarter worth about $272,000. 65.63% of the stock is owned by institutional investors.
Shares of NGL Energy Partners LP (NYSE NGL) opened at $11.90 on Friday. NGL Energy Partners LP has a 12 month low of $8.57 and a 12 month high of $23.19. The company has a quick ratio of 1.14, a current ratio of 1.69 and a debt-to-equity ratio of 1.64. The firm has a market cap of $1,440.90, a PE ratio of -6.96 and a beta of 1.02.
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 consensus estimate of $0.19 by $0.13. NGL Energy Partners had a negative net margin of 0.97% and a negative return on equity of 1.85%. The business had revenue of $4.46 billion during the quarter, compared to analysts’ expectations of $3.96 billion. equities analysts expect that NGL Energy Partners LP will post -1.19 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 14th. Shareholders of record on Tuesday, February 6th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 13.11%. The ex-dividend date was Monday, February 5th. NGL Energy Partners’s dividend payout ratio (DPR) is -91.23%.
Several analysts recently commented on the stock. ValuEngine raised shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research downgraded shares of NGL Energy Partners from a “hold” rating to a “sell” rating in a report on Friday, February 16th. UBS Group reaffirmed a “buy” rating and set a $17.00 target price (down previously from $17.50) on shares of NGL Energy Partners in a report on Friday, March 2nd. Credit Suisse Group assumed coverage on shares of NGL Energy Partners in a report on Thursday, January 4th. They set an “outperform” rating and a $16.00 target price for the company. Finally, Stifel Nicolaus lifted their target price on shares of NGL Energy Partners from $10.00 to $12.00 and gave the stock a “hold” rating in a report on Tuesday, November 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. NGL Energy Partners has a consensus rating of “Hold” and a consensus target price of $16.00.
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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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