NGL Energy Partners (NYSE:NGL) posted its quarterly earnings results on Thursday. The oil and gas company reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.89), Bloomberg Earnings reports. NGL Energy Partners had a negative return on equity of 1.12% and a net margin of 1.54%. The business had revenue of $6.64 billion for the quarter, compared to analyst estimates of $5.40 billion. The business’s revenue was up 13.6% compared to the same quarter last year.
Shares of NGL stock traded up $0.10 on Friday, hitting $13.75. 508,731 shares of the stock traded hands, compared to its average volume of 630,684. The company’s 50-day moving average price is $14.86. The company has a quick ratio of 1.08, a current ratio of 1.45 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $1.72 billion, a PE ratio of -10.91, a PEG ratio of 8.60 and a beta of 1.06. NGL Energy Partners has a twelve month low of $8.71 and a twelve month high of $15.71.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, August 6th. This represents a $1.56 annualized dividend and a dividend yield of 11.35%. NGL Energy Partners’s payout ratio is -123.81%.
In other news, CEO H Michael Krimbill purchased 25,000 shares of the stock in a transaction dated Wednesday, June 12th. The shares were purchased at an average price of $14.53 per share, with a total value of $363,250.00. Following the transaction, the chief executive officer now owns 1,141,417 shares in the company, valued at approximately $16,584,789.01. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John T. Raymond sold 176,634 shares of the business’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $14.88, for a total transaction of $2,628,313.92. Following the transaction, the director now directly owns 50,000 shares in the company, valued at approximately $744,000. The disclosure for this sale can be found here.
Hedge funds have recently made changes to their positions in the company. CWM Advisors LLC raised its holdings in NGL Energy Partners by 8.3% in the 2nd quarter. CWM Advisors LLC now owns 11,960 shares of the oil and gas company’s stock valued at $177,000 after buying an additional 920 shares during the period. First Republic Investment Management Inc. raised its holdings in NGL Energy Partners by 3.6% in the 2nd quarter. First Republic Investment Management Inc. now owns 55,544 shares of the oil and gas company’s stock valued at $820,000 after buying an additional 1,911 shares during the period. Arlington Partners LLC purchased a new stake in NGL Energy Partners in the 2nd quarter valued at about $29,000. Flagship Harbor Advisors LLC purchased a new stake in NGL Energy Partners in the 1st quarter valued at about $28,000. Finally, Cetera Advisor Networks LLC raised its holdings in NGL Energy Partners by 10.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 28,200 shares of the oil and gas company’s stock valued at $397,000 after buying an additional 2,767 shares during the period. 60.43% of the stock is currently owned by hedge funds and other institutional investors.
About NGL Energy Partners
NGL Energy Partners LP, together with its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, trucking, marine, and pipeline transportation services.
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