NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill Purchases 15,000 Shares

NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 13th. The shares were acquired at an average cost of $4.49 per share, with a total value of $67,350.00. Following the purchase, the chief executive officer now directly owns 603,000 shares of the company’s stock, valued at $2,707,470. This trade represents a 2.55 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

NGL Energy Partners Trading Up 9.0 %

Shares of NYSE NGL opened at $4.92 on Tuesday. The firm’s 50-day moving average price is $5.07 and its 200-day moving average price is $4.61. NGL Energy Partners LP has a 1-year low of $3.84 and a 1-year high of $6.20.

NGL Energy Partners (NYSE:NGL) last issued its earnings results on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.25). NGL Energy Partners had a positive return on equity of 77.15% and a negative net margin of 2.87%. On average, analysts predict that NGL Energy Partners LP will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NGL Energy Partners

Several hedge funds and other institutional investors have recently made changes to their positions in NGL. Tidal Investments LLC boosted its stake in NGL Energy Partners by 37.2% during the 4th quarter. Tidal Investments LLC now owns 48,743 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 13,216 shares during the last quarter. Scissortail Wealth Management LLC purchased a new position in shares of NGL Energy Partners during the fourth quarter valued at approximately $71,000. Cresset Asset Management LLC bought a new stake in NGL Energy Partners during the fourth quarter worth $109,000. Bank of America Corp DE raised its position in NGL Energy Partners by 27.3% in the 4th quarter. Bank of America Corp DE now owns 6,812,752 shares of the oil and gas company’s stock valued at $33,996,000 after buying an additional 1,461,754 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV bought a new position in NGL Energy Partners during the 4th quarter valued at $61,000. 40.62% of the stock is owned by institutional investors.

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.