Cwm Llc owns $128,000 in NGL Energy Partners LP (NYSE:NGL)

Cwm LLC lessened its position in shares of NGL Energy Partners LP (NYSE:NGL – Free Report) by 28.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,204 shares of the oil and gas company’s stock after selling 10,000 shares during the period. Cwm LLC’s holdings in NGL Energy Partners were worth $128,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. NBW Capital LLC boosted its holdings in shares of NGL Energy Partners by 40.7% in the first quarter. NBW Capital LLC now owns 438,962 shares of the oil and gas company’s stock worth $2,528,000 after buying an additional 126,881 shares during the period. Fractal Investments LLC boosted its holdings in shares of NGL Energy Partners by 316.3% during the 4th quarter. Fractal Investments LLC now owns 832,479 shares of the oil and gas company’s stock worth $4,637,000 after buying an additional 632,492 shares during the period. Goldman Sachs Group Inc. boosted its holdings in shares of NGL Energy Partners by 143.4% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,225,500 shares of the oil and gas company’s stock worth $29,106,000 after buying an additional 3,078,422 shares during the period. Tidal Investments LLC boosted its holdings in NGL Energy Partners by 42.4% in the first quarter. Tidal Investments LLC now owns 38,322 shares of the oil and gas company’s stock valued at $221,000 after buying an additional 11,419 shares during the period. Finally, ING Groep NV boosted its holdings in NGL Energy Partners by 45.6% in the 4th quarter. ING Groep NV now owns 811,000 shares of the oil and gas company’s stock valued at $4,517,000 after buying an additional 253,900 shares during the period. Institutional investors own 40.62% of the company’s shares.

NGL Energy Partners stock performance

NYSE NGL opened at $4.18 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.21, and a debt-to-equity ratio of 28.52. The company has a market cap of $553.90 million, a P/E ratio of -1.96 and a beta of 1.69. NGL Energy Partners LP has a 12-month low of $3.68 and a 12-month high of $6.20. The firm has a 50 day moving average price of $4.78 and a two hundred day moving average price of $5.45.

NGL Energy Partners (NYSE:NGL – Get Your Free Report ) last issued its quarterly earnings data on Thursday, August 8th. The oil and gas company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.27). The business had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.44 billion. NGL Energy Partners had a negative net margin of 2.07% and a positive return on equity of 20.54%. During the same period in the previous year, the firm earned EPS of ($0.11). analysts anticipate that NGL Energy Partners LP will post 1.46 earnings per share for the current year.

The Wall Street analyst weighs in

Separately, StockNews.com downgraded shares of NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Monday, June 10th.

Read the latest stock report on NGL Energy Partners

About NGL Energy Partners

(Free Report)

NGL Energy Partners LP engages in the transportation, storage, blending and marketing of crude oil, natural gas liquids, refined/renewable products and water solutions. The company operates in three segments: water solutions, crude oil logistics and liquid logistics. The Water Solutions segment transports, treats, recycles and disposes of produced and return water generated from oil and natural gas production; aggregates and sells recovered crude oil; removes solids such as tank bottoms and drilling fluid and mud, and washes fracturing trucks and tanks; and sells produced water for reuse and recycling and non-potable brackish water.

See Also

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