Rep. Mark E. Green Sells Off Shares of NGL Energy Partners LP (NYSE:NGL)

Representative Mark E. Green (R-Tennessee) recently sold shares of NGL Energy Partners LP NYSE: NGL. In a filing disclosed on March 05th, the Representative disclosed that they had sold between $15,001 and $50,000 in NGL Energy Partners stock on February 28th. The trade occurred in the Representative's "EQUITABLE ADVISORS INVESTMENT ACCOUNT" account.

Representative Mark E. Green also recently made the following trade(s):

• Sold $100,001 - $250,000 in shares of NGL Energy Partners NYSE: NGL on 2/18/2025.
• Sold $250,001 - $500,000 in shares of NGL Energy Partners NYSE: NGL on 2/3/2025.
• Sold $500,001 - $1,000,000 in shares of NGL Energy Partners NYSE: NGL on 1/30/2025.
• Sold $50,001 - $100,000 in shares of NGL Energy Partners NYSE: NGL on 1/28/2025.
• Sold $15,001 - $50,000 in shares of NGL Energy Partners NYSE: NGL on 1/2/2025.

NGL Energy Partners Trading Down 1.8 %

Shares of NGL traded down $0.09 during midday trading on Tuesday, hitting $4.66. 261,068 shares of the company's stock traded hands, compared to its average volume of 479,731. NGL Energy Partners LP has a 1 year low of $3.84 and a 1 year high of $6.20. The firm's fifty day moving average is $5.08 and its 200-day moving average is $4.67. The stock has a market capitalization of $614.52 million, a price-to-earnings ratio of -1.85 and a beta of 1.73.

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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) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.25). NGL Energy Partners had a negative return on equity of 29.77% and a negative net margin of 3.57%. On average, equities research analysts anticipate that NGL Energy Partners LP will post -0.22 EPS for the current year.

Hedge Funds Weigh In On NGL Energy Partners

Hedge funds have recently made changes to their positions in the company. Invesco Ltd. lifted its position in NGL Energy Partners by 0.4% during the 4th quarter. Invesco Ltd. now owns 19,647,133 shares of the oil and gas company's stock worth $98,039,000 after acquiring an additional 85,000 shares during the period. Bank of America Corp DE lifted its holdings in shares of NGL Energy Partners by 27.3% during the fourth quarter. Bank of America Corp DE now owns 6,812,752 shares of the oil and gas company's stock worth $33,996,000 after purchasing an additional 1,461,754 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of 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 worth $22,539,000 after purchasing an additional 154,098 shares during the period. Citigroup Inc. increased its holdings in NGL Energy Partners by 15.9% in the 3rd quarter. Citigroup Inc. now owns 2,427,108 shares of the oil and gas company's stock worth $10,922,000 after buying an additional 333,531 shares during the period. Finally, ING Groep NV increased its holdings in NGL Energy Partners by 5.5% in the 3rd quarter. ING Groep NV now owns 1,561,803 shares of the oil and gas company's stock worth $7,028,000 after buying an additional 80,803 shares during the period. 40.62% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other NGL Energy Partners news, CEO H Michael Krimbill acquired 15,000 shares of the business's stock in a transaction dated Thursday, February 13th. The shares were purchased 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 ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Wall Street Analysts Forecast Growth

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

About Representative Green

Mark Green (Republican Party) is a member of the U.S. House, representing Tennessee's 7th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2027. Green (Republican Party) ran for re-election to the U.S. House to represent Tennessee's 7th Congressional District. He won in the general election on November 5, 2024. In May 2017, Green was nominated by Donald Trump for the position of Secretary of the United States Army. Green withdrew his nomination. Green received his bachelor's in quantitative business management from West Point. He later received a master's certificate in information systems from the University of Southern California and an M.D. from Wright State University. Green's professional experience includes working as the president of Emergency Services Network and as the CEO of Align MD Foundation. He served as an officer in the U.S. Army from 1987 to 1990. He was part of the unit that captured Saddam Hussein. Green wrote about the experience in a book, A Night with Saddam.

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.