Lee Financial Co Invests $678,000 in NGL Energy Partners LP $NGL

Lee Financial Co acquired a new position in shares of NGL Energy Partners LP (NYSE:NGL) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 113,000 shares of the oil and gas company’s stock, valued at approximately $678,000.

Several other hedge funds and other institutional investors have also bought and sold shares of NGL. CreativeOne Wealth LLC boosted its position in NGL Energy Partners by 15.7% during the second quarter. CreativeOne Wealth LLC now owns 17,700 shares of the oil and gas company’s stock valued at $76,000 after acquiring an additional 2,400 shares during the last quarter. Simon Quick Advisors LLC bought a new stake in shares of NGL Energy Partners during the 3rd quarter valued at about $129,000. Massar Capital Management LP boosted its position in shares of NGL Energy Partners by 23.2% during the 2nd quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company’s stock valued at $120,000 after purchasing an additional 5,295 shares in the last quarter. State of Wyoming grew its stake in NGL Energy Partners by 184.0% during the second quarter. State of Wyoming now owns 32,202 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 20,864 shares during the period. Finally, Carter Financial Group INC. bought a new stake in NGL Energy Partners in the second quarter worth approximately $277,000. Institutional investors and hedge funds own 40.62% of the company’s stock.

NGL Energy Partners Stock Up 0.7%

NYSE NGL opened at $11.76 on Friday. NGL Energy Partners LP has a 52 week low of $2.64 and a 52 week high of $11.84. The business has a 50 day moving average price of $9.95 and a 200-day moving average price of $7.45. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -65.34 and a beta of 0.29.

NGL Energy Partners (NYSE:NGL) last issued its earnings results on Tuesday, November 4th. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $674.68 million for the quarter, compared to analysts’ expectations of $508.49 million. NGL Energy Partners had a negative return on equity of 53.56% and a net margin of 3.29%. On average, equities research analysts anticipate that NGL Energy Partners LP will post -0.22 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have issued reports on NGL. Weiss Ratings restated a “hold (c)” rating on shares of NGL Energy Partners in a report on Wednesday. Zacks Research raised shares of NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, NGL Energy Partners presently has a consensus rating of “Buy”.

About NGL Energy Partners

NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.

The partnership’s asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.