JPMorgan Chase & Co. Boosts Stock Position in NGL Energy Partners LP (NYSE:NGL)

JPMorgan Chase & Co. lifted its stake in shares of NGL Energy Partners LP (NYSE:NGL) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 5,008,565 shares of the oil and gas company’s stock after buying an additional 154,098 shares during the quarter. JPMorgan Chase & Co.’s holdings in NGL Energy Partners were worth $22,539,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Citigroup Inc. boosted its stake in NGL Energy Partners by 15.9% in 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 acquiring an additional 333,531 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT acquired a new position in shares of NGL Energy Partners during the 3rd quarter valued at $900,000. Sanctuary Advisors LLC bought a new stake in NGL Energy Partners in the second quarter worth about $721,000. ING Groep NV raised 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 worth $7,028,000 after purchasing an additional 80,803 shares in the last quarter. Finally, ELCO Management Co. LLC increased its holdings in shares of NGL Energy Partners by 100.1% in the second quarter. ELCO Management Co. LLC now owns 108,670 shares of the oil and gas company’s stock valued at $550,000 after buying an additional 54,375 shares in the last quarter. Institutional investors own 40.62% of the company’s stock.

NGL Energy Partners Trading Up 0.8 %

Shares of NGL opened at $5.09 on Thursday. The business’s 50-day moving average price is $4.61 and its 200 day moving average price is $4.53. NGL Energy Partners LP has a 1-year low of $3.84 and a 1-year high of $6.20. The company has a current ratio of 1.21, a quick ratio of 0.98 and a debt-to-equity ratio of 28.52. The stock has a market capitalization of $671.95 million, a P/E ratio of -2.19 and a beta of 1.72.

NGL Energy Partners (NYSE:NGL) last posted its quarterly earnings results on Tuesday, November 12th. The oil and gas company reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.20). The company had revenue of $1.35 billion during 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 last year, the company posted ($0.05) earnings per share. Analysts expect that NGL Energy Partners LP will post 0.11 earnings per share for the current year.

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.