NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill Buys 15,000 Shares

NGL Energy Partners LP (NYSE:NGL - Get Free Report) CEO H Michael Krimbill bought 15,000 shares of the business's stock in a transaction on Thursday, February 13th. The stock was bought at an average price of $4.49 per share, for a total transaction 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. The trade was a 2.55 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

NGL Energy Partners Price Performance

Shares of NGL traded down $0.10 during trading hours on Friday, reaching $4.79. 671,174 shares of the company's stock traded hands, compared to its average volume of 499,155. The firm has a market capitalization of $632.33 million, a price-to-earnings ratio of -1.90 and a beta of 1.71. NGL Energy Partners LP has a twelve month low of $3.84 and a twelve month high of $6.20. The business's fifty day simple moving average is $5.09 and its two-hundred day simple moving average is $4.62.

NGL Energy Partners (NYSE:NGL - Get Free Report) last issued its quarterly 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%. On average, equities research analysts expect that NGL Energy Partners LP will post -0.22 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. XTX Topco Ltd acquired a new position in NGL Energy Partners during the third quarter worth about $46,000. Wealth Enhancement Advisory Services LLC acquired a new position in NGL Energy Partners during the third quarter worth about $46,000. Raymond James Financial Inc. acquired a new position in NGL Energy Partners during the fourth quarter worth about $55,000. one8zero8 LLC acquired a new position in NGL Energy Partners during the fourth quarter worth about $58,000. Finally, Two Sigma Securities LLC acquired a new position in NGL Energy Partners during the fourth quarter worth about $59,000. 40.62% of the stock is owned by institutional investors and hedge funds.

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.