Citigroup Inc. Grows Holdings in NGL Energy Partners LP (NYSE:NGL)

Citigroup Inc. boosted its stake in NGL Energy Partners LP (NYSE:NGL - Free Report) by 15.9% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 2,427,108 shares of the oil and gas company's stock after acquiring an additional 333,531 shares during the quarter. Citigroup Inc. owned 1.83% of NGL Energy Partners worth $10,922,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC acquired a new stake in NGL Energy Partners in the 3rd quarter valued at about $46,000. International Assets Investment Management LLC boosted its position in NGL Energy Partners by 350.0% in the 3rd quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company's stock valued at $57,000 after buying an additional 9,800 shares during the period. FLC Capital Advisors purchased a new position in NGL Energy Partners in the third quarter valued at $103,000. Van ECK Associates Corp grew its position in shares of NGL Energy Partners by 26.4% during the second quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company's stock worth $124,000 after buying an additional 5,128 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in NGL Energy Partners by 42.4% during the 1st quarter. Tidal Investments LLC now owns 38,322 shares of the oil and gas company's stock worth $221,000 after acquiring an additional 11,419 shares in the last quarter. Hedge funds and other institutional investors own 40.62% of the company's stock.

NGL Energy Partners Stock Down 0.8 %

NGL Energy Partners stock traded down $0.04 during midday trading on Friday, reaching $4.79. The company's stock had a trading volume of 19,110 shares, compared to its average volume of 357,969. NGL Energy Partners LP has a fifty-two week low of $3.84 and a fifty-two week high of $6.20. The company has a market cap of $632.34 million, a P/E ratio of -2.08 and a beta of 1.70. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 28.52. The business has a 50-day simple moving average of $4.40 and a 200-day simple moving average of $4.69.

NGL Energy Partners (NYSE:NGL - Get Free Report) last posted its earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.20). The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.56 billion. NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%. During the same quarter last year, the firm posted ($0.05) EPS. On average, research analysts expect that NGL Energy Partners LP will post 0.09 earnings per share for the current fiscal year.

NGL Energy Partners Company Profile

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water.