JPMorgan Chase & Co. Raises Stock Position in NGL Energy Partners LP (NYSE:NGL)

JPMorgan Chase & Co. increased its position in shares of NGL Energy Partners LP (NYSE:NGL - Free Report) by 3.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,008,565 shares of the oil and gas company's stock after purchasing an additional 154,098 shares during the quarter. JPMorgan Chase & Co. owned 3.79% of NGL Energy Partners worth $22,539,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in NGL Energy Partners during the 3rd quarter valued at approximately $46,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of NGL Energy Partners during the third quarter worth $46,000. International Assets Investment Management LLC lifted its position in 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 valued at $57,000 after purchasing an additional 9,800 shares during the period. FLC Capital Advisors purchased a new stake in NGL Energy Partners in the third quarter valued at $103,000. Finally, Tidal Investments LLC grew its position in NGL Energy Partners by 33.3% during the 3rd quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company's stock worth $160,000 after purchasing an additional 8,877 shares during the period. Hedge funds and other institutional investors own 40.62% of the company's stock.

NGL Energy Partners Stock Performance

Shares of NGL stock traded up $0.04 on Thursday, hitting $5.09. The company had a trading volume of 241,827 shares, compared to its average volume of 400,525. NGL Energy Partners LP has a twelve month low of $3.84 and a twelve month high of $6.20. 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 firm has a market cap of $671.95 million, a P/E ratio of -2.19 and a beta of 1.72. The company has a 50-day moving average price of $4.63 and a 200-day moving average price of $4.53.

NGL Energy Partners (NYSE:NGL - Get Free Report) last announced its quarterly earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.20). The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.56 billion. NGL Energy Partners had a negative net margin of 2.87% and a positive return on equity of 77.15%. During the same period in the previous year, the firm posted ($0.05) earnings per share. As a group, equities research analysts predict that NGL Energy Partners LP will post 0.11 earnings per share for the current fiscal year.

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.