NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill Acquires 50,000 Shares of Stock

NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill acquired 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was bought at an average price of $9.69 per share, with a total value of $484,500.00. Following the acquisition, the chief executive officer now directly owns 1,166,878 shares of the company’s stock, valued at approximately $11,307,047.82. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.

H Michael Krimbill also recently made the following trade(s):

  • On Monday, November 18th, H Michael Krimbill acquired 30,000 shares of NGL Energy Partners stock. The stock was bought at an average price of $9.95 per share, with a total value of $298,500.00.

Shares of NGL Energy Partners stock opened at $9.54 on Friday. NGL Energy Partners LP has a 1 year low of $9.23 and a 1 year high of $15.71. The business has a 50-day moving average of $11.05 and a two-hundred day moving average of $11.93. The company has a market capitalization of $1.26 billion, a P/E ratio of -4.13 and a beta of 1.08. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.99 and a quick ratio of 0.85.

NGL Energy Partners (NYSE:NGL) last announced its quarterly earnings results on Thursday, February 6th. The oil and gas company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. NGL Energy Partners had a positive return on equity of 4.87% and a negative net margin of 1.39%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the company earned $0.53 earnings per share. The company’s revenue for the quarter was down 3.0% compared to the same quarter last year. On average, equities analysts anticipate that NGL Energy Partners LP will post -0.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Friday, February 7th will be issued a $0.39 dividend. The ex-dividend date is Thursday, February 6th. This represents a $1.56 annualized dividend and a dividend yield of 16.35%. NGL Energy Partners’s dividend payout ratio (DPR) is currently -123.81%.

A number of research firms recently commented on NGL. Piper Jaffray Companies reiterated a “hold” rating and issued a $13.00 price objective (down previously from $18.00) on shares of NGL Energy Partners in a report on Tuesday, November 19th. Zacks Investment Research downgraded NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Thursday. ValuEngine upgraded NGL Energy Partners from a “sell” rating to a “hold” rating in a report on Tuesday, January 7th. Raymond James restated an “outperform” rating and issued a $15.00 price target (down from $17.00) on shares of NGL Energy Partners in a report on Monday, November 11th. Finally, Wells Fargo & Co restated a “hold” rating on shares of NGL Energy Partners in a report on Monday, December 9th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $13.90.

Several institutional investors have recently made changes to their positions in NGL. Alps Advisors Inc. increased its holdings in shares of NGL Energy Partners by 38.4% in the third quarter. Alps Advisors Inc. now owns 14,063,184 shares of the oil and gas company’s stock worth $195,619,000 after acquiring an additional 3,900,561 shares in the last quarter. Fort Washington Investment Advisors Inc. OH bought a new stake in shares of NGL Energy Partners in the fourth quarter worth about $4,830,000. CIBC Private Wealth Group LLC increased its holdings in shares of NGL Energy Partners by 1,667.7% in the third quarter. CIBC Private Wealth Group LLC now owns 342,757 shares of the oil and gas company’s stock worth $4,768,000 after acquiring an additional 323,367 shares in the last quarter. Eagle Global Advisors LLC acquired a new position in shares of NGL Energy Partners during the fourth quarter worth about $2,845,000. Finally, Biltmore Capital Advisors LLC boosted its position in shares of NGL Energy Partners by 100.0% during the third quarter. Biltmore Capital Advisors LLC now owns 400,000 shares of the oil and gas company’s stock worth $5,564,000 after buying an additional 200,000 shares during the period. Institutional investors own 60.38% of the company’s stock.

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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