BNP Paribas Financial Markets Decreases Stake in NGL Energy Partners LP (NYSE:NGL)

BNP Paribas Financial Markets decreased its holdings in NGL Energy Partners LP (NYSE:NGL - Free Report) by 96.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 9,215 shares of the oil and gas company's stock after selling 267,985 shares during the quarter. BNP Paribas Financial Markets' holdings in NGL Energy Partners were worth $41,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in NGL. Van ECK Associates Corp lifted its holdings in shares of NGL Energy Partners by 26.4% in the second quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company's stock valued at $124,000 after purchasing an additional 5,128 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in NGL Energy Partners by 11.1% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 68,234 shares of the oil and gas company's stock valued at $345,000 after acquiring an additional 6,834 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in NGL Energy Partners by 350.0% during the 3rd quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company's stock worth $57,000 after acquiring an additional 9,800 shares during the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NGL Energy Partners in the 3rd quarter worth $46,000. Finally, NBW Capital LLC raised its holdings in shares of NGL Energy Partners by 3.0% in the second quarter. NBW Capital LLC now owns 451,947 shares of the oil and gas company's stock valued at $2,287,000 after purchasing an additional 12,985 shares during the last quarter. Institutional investors and hedge funds own 40.62% of the company's stock.

NGL Energy Partners Stock Down 1.3 %

Shares of NGL traded down $0.06 during trading hours on Friday, reaching $4.71. 276,655 shares of the stock traded hands, compared to its average volume of 354,005. NGL Energy Partners LP has a 52 week low of $3.84 and a 52 week high of $6.20. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 28.52. The stock has a fifty day simple moving average of $4.42 and a 200 day simple moving average of $4.59. The company has a market cap of $621.78 million, a price-to-earnings ratio of -2.03 and a beta of 1.75.

NGL Energy Partners (NYSE:NGL - Get Free Report) last announced its earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.20). The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations 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 in the previous year, the firm earned ($0.05) EPS. On average, equities analysts forecast that NGL Energy Partners LP will post 0.11 EPS for the current 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.