NGL Energy Partners LP (NGL) Director Highstar Capital Iv, L.P. Sells 133,464 Shares

NGL Energy Partners LP (NYSE:NGL) Director Highstar Capital Iv, L.P. sold 133,464 shares of NGL Energy Partners stock in a transaction that occurred on Tuesday, June 26th. The stock was sold at an average price of $12.81, for a total transaction of $1,709,673.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Highstar Capital Iv, L.P. also recently made the following trade(s):

  • On Wednesday, June 20th, Highstar Capital Iv, L.P. sold 95,333 shares of NGL Energy Partners stock. The shares were sold at an average price of $12.85, for a total transaction of $1,225,029.05.

Shares of NGL Energy Partners opened at $12.50 on Friday, according to Marketbeat Ratings. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -18.38 and a beta of 0.97. NGL Energy Partners LP has a fifty-two week low of $8.57 and a fifty-two week high of $17.65. The company has a current ratio of 1.61, a quick ratio of 1.11 and a debt-to-equity ratio of 1.42.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings results on Wednesday, May 30th. The oil and gas company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.26. The company had revenue of $5.11 billion for the quarter, compared to analyst estimates of $4.56 billion. NGL Energy Partners had a negative net margin of 0.41% and a negative return on equity of 1.20%. sell-side analysts forecast that NGL Energy Partners LP will post -0.27 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the stock. TheStreet upgraded shares of NGL Energy Partners from a “d+” rating to a “c-” rating in a report on Monday. Zacks Investment Research lowered shares of NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Thursday, June 14th. UBS Group reiterated a “buy” rating and issued a $17.00 price target (down previously from $17.50) on shares of NGL Energy Partners in a report on Friday, March 2nd. ValuEngine upgraded shares of NGL Energy Partners from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Stifel Nicolaus set a $11.00 price target on shares of NGL Energy Partners and gave the company a “hold” rating in a report on Wednesday, March 14th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $14.60.

Large investors have recently bought and sold shares of the stock. Hilltop Holdings Inc. acquired a new position in shares of NGL Energy Partners during the 1st quarter valued at $121,000. Yorkville Capital Management LLC acquired a new position in shares of NGL Energy Partners during the 4th quarter valued at $196,000. Edge Advisors LLC acquired a new position in shares of NGL Energy Partners during the 4th quarter valued at $210,000. Penbrook Management LLC acquired a new position in shares of NGL Energy Partners during the 4th quarter valued at $211,000. Finally, Virtu Financial LLC acquired a new position in shares of NGL Energy Partners during the 4th quarter valued at $227,000. Institutional investors and hedge funds own 65.06% of the company’s stock.

About NGL Energy Partners

NGL Energy Partners LP, through its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses in the United States. 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.

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