Prescott Group Capital Management L.L.C. Raises Stock Holdings in NGL Energy Partners LP (NYSE:NGL)

Prescott Group Capital Management L.L.C. boosted its stake in NGL Energy Partners LP (NYSE:NGL - Free Report) by 282.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 121,838 shares of the oil and gas company's stock after buying an additional 90,000 shares during the quarter. Prescott Group Capital Management L.L.C. owned approximately 0.09% of NGL Energy Partners worth $608,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. XTX Topco Ltd bought a new stake in shares of NGL Energy Partners during the 3rd quarter valued at about $46,000. Wealth Enhancement Advisory Services LLC purchased a new stake in NGL Energy Partners in the third quarter worth about $46,000. Raymond James Financial Inc. purchased a new position in NGL Energy Partners in the fourth quarter worth about $55,000. International Assets Investment Management LLC boosted 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 valued at $57,000 after buying an additional 9,800 shares during the last quarter. Finally, Van ECK Associates Corp increased its position in shares of NGL Energy Partners by 42.4% during the 4th 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 last quarter. 40.62% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO H Michael Krimbill bought 15,000 shares of NGL Energy Partners stock in a transaction on Thursday, February 13th. The shares were bought at an average price of $4.49 per share, with a total value of $67,350.00. Following the acquisition, the chief executive officer now directly owns 603,000 shares in the company, valued at approximately $2,707,470. This represents a 2.55 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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Wall Street Analyst Weigh In

Separately, StockNews.com upgraded NGL Energy Partners from a "hold" rating to a "buy" rating in a report on Monday, March 3rd.

NGL Energy Partners Stock Performance

Shares of NYSE NGL traded down $0.09 during mid-day trading on Tuesday, hitting $4.66. The stock had a trading volume of 261,091 shares, compared to its average volume of 480,015. The firm has a market cap of $614.52 million, a PE ratio of -1.85 and a beta of 1.73. NGL Energy Partners LP has a twelve month low of $3.84 and a twelve month high of $6.20. The company has a 50 day moving average of $5.08 and a two-hundred day moving average of $4.67.

NGL Energy Partners (NYSE:NGL - Get Free Report) last released its earnings results on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing the consensus estimate 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%. Equities research analysts predict that NGL Energy Partners LP will post -0.22 EPS 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.