NGL Energy Partners (NYSE:NGL) Stock Unloaded Rep. Mark E. Green

Representative Mark E. Green (R-Tennessee) recently sold shares of NGL Energy Partners LP NYSE: NGL. In a filing disclosed on December 17th, the Representative disclosed that they had sold between $15,001 and $50,000 in NGL Energy Partners stock on December 3rd. The trade occurred in the Representative's "EQUITABLE ADVISORS INVESTMENT ACCOUNT" account.

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

• Sold $50,001 - $100,000 in shares of NGL Energy Partners NYSE: NGL on 10/24/2024.
• Sold $50,001 - $100,000 in shares of NGL Energy Partners NYSE: NGL on 10/16/2024.
• Sold $100,001 - $250,000 in shares of NGL Energy Partners NYSE: NGL on 9/30/2024.

NGL Energy Partners Stock Performance

NYSE NGL traded down $0.06 during trading hours on Friday, hitting $4.71. 276,655 shares of the stock were exchanged, compared to its average volume of 354,005. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 28.52. The stock has a 50-day moving average of $4.42 and a 200 day 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 LP has a 12-month low of $3.84 and a 12-month high of $6.20.

NGL Energy Partners (NYSE:NGL - Get Free Report) last released its quarterly earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.20). The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates 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 period in the prior year, the business earned ($0.05) earnings per share. As a group, equities research analysts forecast that NGL Energy Partners LP will post 0.11 earnings per share for the current year.

Institutional Trading of NGL Energy Partners

Several institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. increased its holdings in shares of NGL Energy Partners by 15.9% during the third quarter. Citigroup Inc. now owns 2,427,108 shares of the oil and gas company's stock valued at $10,922,000 after purchasing an additional 333,531 shares during the period. ING Groep NV increased its holdings in shares of 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 valued at $7,028,000 after purchasing an additional 80,803 shares during the period. NBW Capital LLC lifted its position in NGL Energy Partners by 3.0% in the 2nd quarter. NBW Capital LLC now owns 451,947 shares of the oil and gas company's stock worth $2,287,000 after buying an additional 12,985 shares in the last quarter. Cetera Investment Advisers boosted its position in NGL Energy Partners by 13.2% during the second quarter. Cetera Investment Advisers now owns 281,019 shares of the oil and gas company's stock valued at $1,422,000 after purchasing an additional 32,800 shares during the last quarter. Finally, CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of NGL Energy Partners in the 3rd quarter valued at approximately $900,000. 40.62% of the stock is owned by institutional investors and hedge funds.

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, 2025. Green (Republican Party) is running for re-election to the U.S. House to represent Tennessee's 7th Congressional District. He declared candidacy for the Republican primary scheduled on August 1, 2024. He won his first election to the U.S. House in 2018 by more than 34 points. Green served in the Tennessee State Senate, representing District 22 from 2012 to 2018. He succeeded Marsha Blackburn after she ran for and won election to the United States Senate. Green previously served in the U.S. Army. He was part of the unit that captured Saddam Hussein. Green wrote about the experience in a book, A Night with Saddam. 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.

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.