ING Groep NV Sells 339,000 Shares of NGL Energy Partners LP (NYSE:NGL)

ING Groep NV lessened its holdings in shares of NGL Energy Partners LP (NYSE:NGL - Free Report) by 21.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,222,803 shares of the oil and gas company's stock after selling 339,000 shares during the period. ING Groep NV owned about 0.93% of NGL Energy Partners worth $6,102,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. XTX Topco Ltd bought a new stake in shares of NGL Energy Partners during the 3rd quarter worth approximately $46,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NGL Energy Partners during the third quarter worth $46,000. International Assets Investment Management LLC lifted its position in shares of NGL Energy Partners by 350.0% during the third quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company's stock worth $57,000 after purchasing an additional 9,800 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of NGL Energy Partners by 42.4% during the fourth quarter. Van ECK Associates Corp now owns 31,672 shares of the oil and gas company's stock valued at $158,000 after purchasing an additional 9,426 shares during the period. Finally, Tidal Investments LLC increased its stake in NGL Energy Partners by 33.3% in the 3rd quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company's stock worth $160,000 after buying an additional 8,877 shares during the period. Institutional investors own 40.62% of the company's stock.

NGL Energy Partners Stock Performance

NGL Energy Partners stock traded up $0.02 during trading hours on Tuesday, hitting $4.65. The company had a trading volume of 174,249 shares, compared to its average volume of 486,633. The firm has a market cap of $613.86 million, a P/E ratio of -1.85 and a beta of 1.71. The company has a 50-day moving average price of $5.09 and a two-hundred day moving average price of $4.64. NGL Energy Partners LP has a 1 year low of $3.84 and a 1 year high of $6.20.

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NGL Energy Partners (NYSE:NGL - Get Free Report) last announced its quarterly earnings data on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.25). NGL Energy Partners had a negative return on equity of 29.77% and a negative net margin of 3.57%. As a group, equities research analysts anticipate that NGL Energy Partners LP will post -0.22 EPS for the current year.

Insider Activity

In other NGL Energy Partners news, CEO H Michael Krimbill acquired 15,000 shares of the company's stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $4.49 per share, for a total transaction of $67,350.00. Following the completion of the purchase, the chief executive officer now owns 603,000 shares in the company, valued at approximately $2,707,470. This trade represents a 2.55 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

About NGL Energy Partners

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.