NGL Energy Partners (NYSE:NGL) Stock Unloaded Rep. Mark E. Green

Representative Mark E. Green (R-Tennessee) recently sold shares of NGL Energy Partners LP (NYSE:NGL). In a filing disclosed on January 13th, the Representative disclosed that they had sold between $15,001 and $50,000 in NGL Energy Partners stock on January 2nd. The trade occurred in the Representative’s “EQUITABLE ADVISORS INVESTMENT ACCOUNT” account.

Representative Mark E. Green also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of NGL Energy Partners (NYSE:NGL) on 12/3/2024.
• Sold $50,001 – $100,000 in shares of NGL Energy Partners (NYSE:NGL) on 10/24/2024.
• Sold $50,001 – $100,000 in shares of NGL Energy Partners (NYSE:NGL) on 10/16/2024.

NGL Energy Partners Stock Performance

NYSE NGL opened at $5.48 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 1.21 and a debt-to-equity ratio of 28.52. NGL Energy Partners LP has a fifty-two week low of $3.84 and a fifty-two week high of $6.20. The business has a fifty day moving average of $4.68 and a 200-day moving average of $4.53. The stock has a market cap of $723.43 million, a price-to-earnings ratio of -2.36 and a beta of 1.72.

NGL Energy Partners (NYSE:NGL) last announced its 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). The firm had revenue of $1.35 billion for 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 quarter last year, the business posted ($0.05) EPS. As a group, 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

Hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its position in NGL Energy Partners by 3.2% during 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 in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of NGL Energy Partners in the second quarter valued at about $721,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of NGL Energy Partners during the 3rd quarter valued at about $900,000. Citigroup Inc. raised its stake in shares of NGL Energy Partners by 15.9% during 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 purchasing an additional 333,531 shares during the period. Finally, International Assets Investment Management LLC increased its stake in NGL Energy Partners by 350.0% during 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 buying an additional 9,800 shares during the period. 40.62% of the stock is owned by institutional investors and hedge funds.

About Representative Green

Mark Green (Republican Party) is a member of the U.S. House, representing Tennessee’s 7th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2025. Green (Republican Party) is running for re-election to the U.S. House to represent Tennessee’s 7th Congressional District. He declared candidacy for the Republican primary scheduled on August 1, 2024. He won his first election to the U.S. House in 2018 by more than 34 points. Green served in the Tennessee State Senate, representing District 22 from 2012 to 2018. He succeeded Marsha Blackburn after she ran for and won election to the United States Senate. Green previously served in the U.S. Army. He was part of the unit that captured Saddam Hussein. Green wrote about the experience in a book, A Night with Saddam. In May 2017, Green was nominated by Donald Trump for the position of Secretary of the United States Army Green withdrew his nomination. Green received his bachelor’s in quantitative business management from West Point. He later received a master’s certificate in information systems from the University of Southern California and an M.D. from Wright State University. Green’s professional experience includes working as the president of Emergency Services Network and as the CEO of Align MD Foundation. He served as an officer in the U.S. Army from 1987 to 1990.

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.