Ngl Energy Partners Lp (NYSE:NGL) CFO Robert W. Karlovich III purchased 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 21st. The shares were acquired at an average cost of $11.66 per share, with a total value of $116,600.00. Following the completion of the purchase, the chief financial officer now owns 99,320 shares of the company’s stock, valued at $1,158,071.20. The acquisition was disclosed in a filing with the SEC, which is available at this link.

Ngl Energy Partners Lp (NYSE NGL) traded up $0.57 during trading on Wednesday, hitting $12.23. 693,420 shares of the stock traded hands, compared to its average volume of 963,477. Ngl Energy Partners Lp has a 12 month low of $8.57 and a 12 month high of $25.80. The company has a quick ratio of 0.99, a current ratio of 1.56 and a debt-to-equity ratio of 1.69.

Ngl Energy Partners Lp declared that its Board of Directors has approved a stock buyback program on Tuesday, August 29th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the oil and gas company to reacquire up to 1.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 14th. Stockholders of record on Monday, November 6th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 12.76%. The ex-dividend date was Friday, November 3rd. Ngl Energy Partners Lp’s dividend payout ratio (DPR) is presently -74.29%.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Creative Planning boosted its holdings in Ngl Energy Partners Lp by 2.0% during the second quarter. Creative Planning now owns 46,470 shares of the oil and gas company’s stock worth $651,000 after purchasing an additional 900 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Ngl Energy Partners Lp by 1.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 122,535 shares of the oil and gas company’s stock worth $1,715,000 after purchasing an additional 1,231 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in Ngl Energy Partners Lp by 5.9% during the second quarter. Alliancebernstein L.P. now owns 22,077 shares of the oil and gas company’s stock worth $309,000 after purchasing an additional 1,236 shares during the last quarter. US Bancorp DE boosted its holdings in Ngl Energy Partners Lp by 7.8% during the second quarter. US Bancorp DE now owns 18,669 shares of the oil and gas company’s stock worth $261,000 after purchasing an additional 1,350 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Ngl Energy Partners Lp by 3.6% during the second quarter. Northern Trust Corp now owns 43,224 shares of the oil and gas company’s stock worth $605,000 after purchasing an additional 1,515 shares during the last quarter. Institutional investors and hedge funds own 65.08% of the company’s stock.

A number of research firms recently weighed in on NGL. Stifel Nicolaus boosted their price target on shares of Ngl Energy Partners Lp from $10.00 to $12.00 and gave the stock a “hold” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of Ngl Energy Partners Lp from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $16.00 price target (up from $14.00) on shares of Ngl Energy Partners Lp in a research note on Tuesday, November 7th. TheStreet downgraded shares of Ngl Energy Partners Lp from a “c-” rating to a “d+” rating in a research note on Tuesday, August 15th. Finally, UBS AG dropped their price target on shares of Ngl Energy Partners Lp from $18.00 to $14.00 and set a “buy” rating for the company in a research note on Friday, August 4th. Three analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.83.

Ngl Energy Partners Lp 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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