ING Groep NV Grows Position in NGL Energy Partners LP (NYSE:NGL)

ING Groep NV boosted its holdings in NGL Energy Partners LP (NYSE:NGL) by 5.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,561,803 shares of the oil and gas company’s stock after acquiring an additional 80,803 shares during the period. ING Groep NV’s holdings in NGL Energy Partners were worth $7,028,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NGL. Wealth Enhancement Advisory Services LLC bought a new stake in shares of NGL Energy Partners in the third quarter worth approximately $46,000. International Assets Investment Management LLC grew its position in NGL Energy Partners by 350.0% in the 3rd quarter. International Assets Investment Management LLC now owns 12,600 shares of the oil and gas company’s stock worth $57,000 after purchasing an additional 9,800 shares during the period. FLC Capital Advisors purchased a new stake in NGL Energy Partners during the 3rd quarter valued at $103,000. Van ECK Associates Corp lifted its holdings in shares of NGL Energy Partners by 26.4% during the 2nd quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company’s stock valued at $124,000 after buying an additional 5,128 shares during the period. Finally, Janney Montgomery Scott LLC boosted its stake 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 buying an additional 2,845 shares during the last quarter. Institutional investors own 40.62% of the company’s stock.

NGL Energy Partners Stock Performance

Shares of NGL opened at $4.29 on Friday. NGL Energy Partners LP has a one year low of $3.84 and a one year high of $6.20. The business has a fifty day moving average of $4.38 and a 200 day moving average of $4.77. The company has a debt-to-equity ratio of 28.52, a current ratio of 1.21 and a quick ratio of 0.96. The firm has a market capitalization of $566.32 million, a P/E ratio of -1.85 and a beta of 1.70.

NGL Energy Partners (NYSE:NGL) 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 analysts’ consensus estimates of ($0.01) by ($0.20). NGL Energy Partners had a negative net margin of 2.87% and a positive return on equity of 77.15%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm earned ($0.05) earnings per share. As a group, sell-side analysts anticipate that NGL Energy Partners LP will post 0.33 EPS for the current year.

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.