ELCO Management Co. LLC raised its position in shares of NGL Energy Partners LP (NYSE:NGL – Free Report) by 100.1% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 108,670 shares of the oil and gas company’s stock after acquiring an additional 54,375 shares during the period. ELCO Management Co. LLC’s holdings in NGL Energy Partners were worth $550,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of NGL. Tortoise Capital Advisors L.L.C. increased its stake in shares of NGL Energy Partners by 11.1% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 68,234 shares of the oil and gas company’s stock valued at $345,000 after buying an additional 6,834 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of NGL Energy Partners by 26.4% in the second quarter. Van ECK Associates Corp now owns 24,565 shares of the oil and gas company’s stock worth $124,000 after acquiring an additional 5,128 shares during the last quarter. NBW Capital LLC lifted its position in shares of NGL Energy Partners by 40.7% during the first quarter. NBW Capital LLC now owns 438,962 shares of the oil and gas company’s stock worth $2,528,000 after purchasing an additional 126,881 shares in the last quarter. Tidal Investments LLC grew its stake in shares of NGL Energy Partners by 42.4% during the first quarter. Tidal Investments LLC now owns 38,322 shares of the oil and gas company’s stock valued at $221,000 after purchasing an additional 11,419 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of NGL Energy Partners in the first quarter valued at approximately $271,000. Institutional investors own 40.62% of the company’s stock.
NGL Energy Partners Stock Performance
NGL Energy Partners stock opened at $4.91 on Wednesday. The business’s 50-day simple moving average is $4.39 and its 200 day simple moving average is $5.16. The company has a current ratio of 1.15, a quick ratio of 0.96 and a debt-to-equity ratio of 28.52. NGL Energy Partners LP has a 12-month low of $3.68 and a 12-month high of $6.20.
Analyst Upgrades and Downgrades
Separately, StockNews.com downgraded NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Monday, June 10th.
Check Out Our Latest Stock Analysis on NGL Energy Partners
NGL Energy Partners 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.
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