NGL Energy Partners LP (NYSE:NGL) CEO H Michael Krimbill acquired 20,000 shares of the firm’s stock in a transaction dated Thursday, September 15th. The stock was bought at an average cost of $17.31 per share, with a total value of $346,200.00. Following the acquisition, the chief executive officer now owns 789,417 shares in the company, valued at $13,664,808.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of NGL Energy Partners LP (NYSE:NGL) opened at 17.70 on Tuesday. The stock’s market capitalization is $1.87 billion. The firm’s 50-day moving average price is $18.07 and its 200 day moving average price is $14.87. NGL Energy Partners LP has a 1-year low of $5.57 and a 1-year high of $24.70.

NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings data on Thursday, August 4th. The company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $1.50. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.48 billion. Equities research analysts expect that NGL Energy Partners LP will post $1.24 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Alps Advisors Inc. bought a new position in NGL Energy Partners during the second quarter worth about $113,909,000. Bank of Montreal Can bought a new position in NGL Energy Partners during the second quarter worth about $7,674,000. Acadian Asset Management LLC bought a new position in NGL Energy Partners during the second quarter worth about $4,683,000. Hollencrest Securities LLC bought a new position in NGL Energy Partners during the second quarter worth about $1,532,000. Finally, Ladenburg Thalmann Financial Services Inc. raised its position in NGL Energy Partners by 102.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 70,618 shares of the company’s stock worth $531,000 after buying an additional 35,806 shares in the last quarter.

NGL has been the subject of several analyst reports. Zacks Investment Research cut NGL Energy Partners from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. FBR & Co initiated coverage on NGL Energy Partners in a report on Friday, September 9th. They issued a “market perform” rating and a $21.00 price target for the company. Stifel Nicolaus raised NGL Energy Partners from a “hold” rating to a “buy” rating and upped their price target for the stock from $16.63 to $18.00 in a report on Friday, June 3rd. They noted that the move was a valuation call. Finally, Wunderlich raised NGL Energy Partners from a “hold” rating to a “buy” rating and upped their price target for the stock from $13.00 to $20.00 in a report on Monday, June 13th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. NGL Energy Partners currently has a consensus rating of “Hold” and a consensus price target of $14.44.

NGL Energy Partners Company Profile

NGL Energy Partners LP owns and operates a vertically integrated energy business. The Company’s segments are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. Its crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.

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