Janney Montgomery Scott LLC reduced its position in shares of NGL ENERGY PARTNERS LP (NYSE:NGL) by 6.0% during the second quarter, Holdings Channel reports. The firm owned 105,358 shares of the oil and gas company’s stock after selling 6,670 shares during the period. Janney Montgomery Scott LLC’s holdings in NGL ENERGY PARTNERS were worth $1,475,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of NGL. CFO4Life Group LLC bought a new stake in shares of NGL ENERGY PARTNERS during the first quarter worth about $208,000. Oppenheimer Asset Management Inc. bought a new stake in shares of NGL ENERGY PARTNERS during the first quarter worth about $312,000. Friedberg Investment Management raised its stake in shares of NGL ENERGY PARTNERS by 44.5% in the first quarter. Friedberg Investment Management now owns 14,448 shares of the oil and gas company’s stock worth $326,000 after buying an additional 4,450 shares during the period. US Bancorp DE raised its stake in shares of NGL ENERGY PARTNERS by 272.5% in the first quarter. US Bancorp DE now owns 17,319 shares of the oil and gas company’s stock worth $392,000 after buying an additional 12,669 shares during the period. Finally, Alliancebernstein L.P. raised its stake in shares of NGL ENERGY PARTNERS by 40.6% in the first quarter. Alliancebernstein L.P. now owns 20,841 shares of the oil and gas company’s stock worth $471,000 after buying an additional 6,018 shares during the period. Institutional investors and hedge funds own 75.92% of the company’s stock.

Shares of NGL ENERGY PARTNERS LP (NYSE NGL) opened at 10.65 on Thursday. The company has a market cap of $1.29 billion, a P/E ratio of 11.21 and a beta of 0.50. The company’s 50 day moving average is $12.69 and its 200-day moving average is $17.85. NGL ENERGY PARTNERS LP has a 12 month low of $9.62 and a 12 month high of $25.80.

NGL ENERGY PARTNERS (NYSE:NGL) last released its quarterly earnings data on Thursday, August 3rd. The oil and gas company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of ($0.38) by $0.21. NGL ENERGY PARTNERS had a negative return on equity of 5.00% and a negative net margin of 0.73%. The business had revenue of $3.78 billion for the quarter, compared to the consensus estimate of $2.59 billion. Analysts expect that NGL ENERGY PARTNERS LP will post $0.19 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 14th. Investors of record on Friday, August 4th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 14.65%. The ex-dividend date of this dividend is Wednesday, August 2nd. NGL ENERGY PARTNERS’s dividend payout ratio is currently -124.80%.

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A number of brokerages have recently issued reports on NGL. Royal Bank Of Canada cut their target price on shares of NGL ENERGY PARTNERS from $20.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, August 4th. Zacks Investment Research lowered shares of NGL ENERGY PARTNERS from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. BidaskClub lowered shares of NGL ENERGY PARTNERS from a “sell” rating to a “strong sell” rating in a research note on Thursday, July 27th. UBS AG cut their target price on shares of NGL ENERGY PARTNERS from $18.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, August 4th. Finally, Wells Fargo & Company lowered shares of NGL ENERGY PARTNERS from an “outperform” rating to a “market perform” rating in a research note on Monday, July 17th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $19.00.

In related news, Director Highstar Capital Iv, L.P. sold 200,000 shares of NGL ENERGY PARTNERS stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of $13.70, for a total transaction of $2,740,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 477,653 shares of company stock valued at $6,541,910 over the last three months.

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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Institutional Ownership by Quarter for NGL ENERGY PARTNERS (NYSE:NGL)

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