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

ING Groep NV cut its holdings in NGL Energy Partners LP (NYSE:NGL) by 21.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,222,803 shares of the oil and gas company’s stock after selling 339,000 shares during the quarter. ING Groep NV owned 0.93% of NGL Energy Partners worth $6,102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NGL. XTX Topco Ltd bought a new position in NGL Energy Partners in the 3rd quarter valued at approximately $46,000. Wealth Enhancement Advisory Services LLC bought a new position in NGL Energy Partners in the 3rd quarter valued at approximately $46,000. International Assets Investment Management LLC lifted 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 valued at $57,000 after acquiring an additional 9,800 shares in the last quarter. Van ECK Associates Corp lifted its position in NGL Energy Partners by 42.4% in the 4th quarter. Van ECK Associates Corp now owns 31,672 shares of the oil and gas company’s stock valued at $158,000 after acquiring an additional 9,426 shares in the last quarter. Finally, Tidal Investments LLC lifted its position in NGL Energy Partners by 33.3% in the 3rd quarter. Tidal Investments LLC now owns 35,527 shares of the oil and gas company’s stock valued at $160,000 after acquiring an additional 8,877 shares in the last quarter. 40.62% of the stock is owned by institutional investors.

NGL Energy Partners Trading Down 2.0 %

NGL stock opened at $4.79 on Friday. The stock’s 50 day simple moving average is $5.09 and its 200 day simple moving average is $4.62. The stock has a market capitalization of $632.33 million, a PE ratio of -1.90 and a beta of 1.71. NGL Energy Partners LP has a 12-month low of $3.84 and a 12-month high of $6.20.

NGL Energy Partners (NYSE:NGL) last released its quarterly earnings results on Monday, February 10th. The oil and gas company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.25). NGL Energy Partners had a negative net margin of 3.57% and a negative return on equity of 29.77%. On average, research analysts predict that NGL Energy Partners LP will post -0.22 earnings per share for the current year.

Insider Activity

In other news, CEO H Michael Krimbill purchased 15,000 shares of the stock in a transaction dated Thursday, February 13th. The shares were purchased at an average cost of $4.49 per share, with a total value of $67,350.00. Following the acquisition, the chief executive officer now directly owns 603,000 shares of the company’s stock, valued at $2,707,470. This represents a 2.55 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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.