Invesco Ltd. Increases Stock Position in NGL Energy Partners LP (NYSE:NGL)

Invesco Ltd. boosted its stake in shares of NGL Energy Partners LP (NYSE:NGL - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,647,133 shares of the oil and gas company's stock after purchasing an additional 85,000 shares during the period. Invesco Ltd. owned about 14.88% of NGL Energy Partners worth $98,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of NGL. JPMorgan Chase & Co. lifted its holdings in NGL Energy Partners by 3.2% during the third quarter. JPMorgan Chase & Co. now owns 5,008,565 shares of the oil and gas company's stock valued at $22,539,000 after purchasing an additional 154,098 shares in the last quarter. Prescott Group Capital Management L.L.C. lifted its position in shares of NGL Energy Partners by 282.7% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 121,838 shares of the oil and gas company's stock valued at $608,000 after acquiring an additional 90,000 shares in the last quarter. one8zero8 LLC purchased a new stake in shares of NGL Energy Partners during the fourth quarter worth about $58,000. Raymond James Financial Inc. bought a new stake in NGL Energy Partners during the 4th quarter valued at approximately $55,000. Finally, XTX Topco Ltd purchased a new stake in NGL Energy Partners during the 3rd quarter valued at approximately $46,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

NGL Energy Partners Trading Down 6.6 %

Shares of NYSE:NGL traded down $0.21 during mid-day trading on Tuesday, reaching $2.92. The stock had a trading volume of 758,753 shares, compared to its average volume of 378,862. The company has a market cap of $384.82 million, a P/E ratio of -1.16 and a beta of 1.24. The business's 50 day moving average price is $4.42 and its 200 day moving average price is $4.62. NGL Energy Partners LP has a 1 year low of $2.80 and a 1 year high of $6.08.

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NGL Energy Partners (NYSE:NGL - Get Free Report) last posted its earnings results on Monday, February 10th. The oil and gas company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.13 by ($0.25). NGL Energy Partners had a negative net margin of 3.57% and a negative return on equity of 29.77%. Analysts predict that NGL Energy Partners LP will post -0.22 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of NGL Energy Partners from a "hold" rating to a "buy" rating in a research report on Wednesday, March 12th.

Insider Activity

In other news, CEO H Michael Krimbill acquired 15,000 shares of the company's stock in a transaction on Thursday, February 13th. The stock was bought at an average cost of $4.49 per share, with a total value of $67,350.00. Following the completion of the purchase, the chief executive officer now directly owns 603,000 shares of the company's stock, valued at $2,707,470. This represents a 2.55 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

NGL Energy Partners 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.