ING Groep NV Sells 339,000 Shares of NGL Energy Partners LP (NYSE:NGL)

ING Groep NV reduced its stake in NGL Energy Partners LP (NYSE:NGL) by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,222,803 shares of the oil and gas company’s stock after selling 339,000 shares during the quarter. ING Groep NV’s holdings in NGL Energy Partners were worth $6,102,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of NGL. Citigroup Inc. raised 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 purchasing an additional 333,531 shares during the period. JPMorgan Chase & Co. raised its holdings in NGL Energy Partners by 3.2% in the 3rd 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. Stephens Inc. AR raised its holdings in NGL Energy Partners by 49.0% in the 3rd quarter. Stephens Inc. AR now owns 152,000 shares of the oil and gas company’s stock worth $684,000 after purchasing an additional 50,000 shares during the period. Inscription Capital LLC raised its holdings in NGL Energy Partners by 87.5% in the 3rd quarter. Inscription Capital LLC now owns 105,000 shares of the oil and gas company’s stock worth $472,000 after purchasing an additional 49,000 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in NGL Energy Partners in the 3rd quarter worth $46,000. 40.62% of the stock is owned by institutional investors.

NGL Energy Partners Stock Performance

Shares of NGL stock opened at $4.79 on Friday. NGL Energy Partners LP has a 52-week low of $3.84 and a 52-week high of $6.20. The firm has a market capitalization of $632.33 million, a PE ratio of -1.90 and a beta of 1.71. The stock has a fifty day simple moving average of $5.09 and a two-hundred day simple moving average of $4.62.

NGL Energy Partners (NYSE:NGL) last issued its quarterly 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 negative return on equity of 29.77% and a negative net margin of 3.57%. On average, sell-side analysts forecast that NGL Energy Partners LP will post -0.22 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO H Michael Krimbill acquired 15,000 shares of the business’s stock in a transaction dated Thursday, February 13th. The stock was purchased at an average price of $4.49 per share, for a total transaction of $67,350.00. Following the completion of the transaction, the chief executive officer now directly owns 603,000 shares in the company, valued at approximately $2,707,470. This trade represents a 2.55 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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.