CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Takes $900,000 Position in NGL Energy Partners LP (NYSE:NGL)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new position in NGL Energy Partners LP (NYSE:NGL - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 200,000 shares of the oil and gas company's stock, valued at approximately $900,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned 0.15% of NGL Energy Partners as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NGL. FLC Capital Advisors purchased a new position in NGL Energy Partners during the third quarter valued at $103,000. Van ECK Associates Corp raised its position in shares of NGL Energy Partners by 26.4% in the 2nd quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company's stock worth $124,000 after purchasing an additional 5,128 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of NGL Energy Partners by 9.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 32,210 shares of the oil and gas company's stock worth $186,000 after purchasing an additional 2,845 shares during the last quarter. Tidal Investments LLC raised its position in shares of NGL Energy Partners by 42.4% in the 1st quarter. Tidal Investments LLC now owns 38,322 shares of the oil and gas company's stock worth $221,000 after purchasing an additional 11,419 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new position in shares of NGL Energy Partners in the 1st quarter worth about $271,000. Hedge funds and other institutional investors own 40.62% of the company's stock.

NGL Energy Partners Stock Up 0.2 %

Shares of NGL traded up $0.01 during trading hours on Tuesday, hitting $4.19. The company had a trading volume of 263,334 shares, compared to its average volume of 370,981. The firm has a fifty day moving average price of $4.38 and a 200-day moving average price of $4.98. The company has a debt-to-equity ratio of 28.52, a quick ratio of 0.96 and a current ratio of 1.15. The stock has a market capitalization of $555.23 million, a price-to-earnings ratio of -1.97 and a beta of 1.67. NGL Energy Partners LP has a 52-week low of $3.80 and a 52-week high of $6.20.

NGL Energy Partners (NYSE:NGL - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.27). NGL Energy Partners had a positive return on equity of 36.54% and a negative net margin of 2.28%. The company had revenue of $1.39 billion during the quarter, compared to analysts' expectations of $1.44 billion. During the same period in the prior year, the firm earned ($0.11) EPS. On average, equities research analysts forecast that NGL Energy Partners LP will post 0.33 EPS for the current fiscal year.

NGL Energy Partners Company 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.