Virtu Financial LLC Increases Position in NGL Energy Partners LP (NYSE:NGL)

Virtu Financial LLC lifted its stake in NGL Energy Partners LP (NYSE:NGL) by 196.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,379 shares of the oil and gas company’s stock after purchasing an additional 20,121 shares during the period. Virtu Financial LLC’s holdings in NGL Energy Partners were worth $423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Usca Ria LLC purchased a new stake in NGL Energy Partners during the third quarter worth about $28,000. Coastal Investment Advisors Inc. acquired a new stake in shares of NGL Energy Partners during the 2nd quarter valued at approximately $44,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of NGL Energy Partners during the 2nd quarter valued at approximately $54,000. Tower Research Capital LLC TRC boosted its stake in shares of NGL Energy Partners by 292.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 6,257 shares of the oil and gas company’s stock worth $87,000 after acquiring an additional 4,664 shares in the last quarter. Finally, Oppenheimer & Co. Inc. purchased a new stake in shares of NGL Energy Partners during the 3rd quarter worth approximately $141,000. Hedge funds and other institutional investors own 60.52% of the company’s stock.

In related news, CEO H Michael Krimbill bought 30,000 shares of NGL Energy Partners stock in a transaction that occurred on Monday, November 18th. The shares were purchased at an average price of $9.95 per share, with a total value of $298,500.00. Following the purchase, the chief executive officer now owns 1,193,672 shares in the company, valued at $11,877,036.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James M. Collingsworth bought 50,000 shares of NGL Energy Partners stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $10.11 per share, for a total transaction of $505,500.00. The disclosure for this purchase can be found here.

A number of equities research analysts recently weighed in on NGL shares. UBS Group cut NGL Energy Partners from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $17.00 to $13.50 in a report on Tuesday, October 8th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $13.00 price objective (down from $18.00) on shares of NGL Energy Partners in a report on Tuesday, November 19th. ValuEngine upgraded NGL Energy Partners from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Zacks Investment Research lowered NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Raymond James restated an “outperform” rating and issued a $15.00 price target (down previously from $17.00) on shares of NGL Energy Partners in a research report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $14.08.

Shares of NYSE NGL opened at $9.65 on Wednesday. The firm’s 50-day moving average is $10.75 and its two-hundred day moving average is $13.31. The company has a market capitalization of $1.24 billion, a PE ratio of -7.66 and a beta of 1.04. NGL Energy Partners LP has a 12-month low of $8.71 and a 12-month high of $15.71. The company has a debt-to-equity ratio of 1.71, a current ratio of 1.18 and a quick ratio of 0.94.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Thursday, November 7th were paid a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, November 6th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 16.17%. NGL Energy Partners’s dividend payout ratio (DPR) is -123.81%.

NGL Energy Partners Profile

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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Institutional Ownership by Quarter for NGL Energy Partners (NYSE:NGL)

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