NGL ENERGY PARTNERS LP (NGL) Position Held by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. maintained its position in NGL ENERGY PARTNERS LP (NYSE:NGL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,232 shares of the oil and gas company’s stock at the end of the second quarter. Cambridge Investment Research Advisors Inc.’s holdings in NGL ENERGY PARTNERS were worth $563,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Penserra Capital Management LLC lifted its position in shares of NGL ENERGY PARTNERS by 410.9% during the second quarter. Penserra Capital Management LLC now owns 10,151 shares of the oil and gas company’s stock worth $141,000 after purchasing an additional 8,164 shares in the last quarter. CFO4Life Group LLC acquired a new stake in shares of NGL ENERGY PARTNERS during the first quarter worth about $208,000. Proficio Capital Partners LLC lifted its position in shares of NGL ENERGY PARTNERS by 68.9% during the second quarter. Proficio Capital Partners LLC now owns 16,990 shares of the oil and gas company’s stock worth $208,000 after purchasing an additional 6,932 shares in the last quarter. US Bancorp DE lifted its position in shares of NGL ENERGY PARTNERS 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 in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of NGL ENERGY PARTNERS during the first quarter worth about $312,000. 70.19% of the stock is currently owned by institutional investors.

Shares of NGL ENERGY PARTNERS LP (NYSE NGL) opened at 8.70 on Monday. The company’s 50 day moving average is $10.34 and its 200-day moving average is $15.65. The stock’s market capitalization is $1.06 billion. NGL ENERGY PARTNERS LP has a 1-year low of $8.57 and a 1-year high of $25.80.

NGL ENERGY PARTNERS (NYSE:NGL) last released its quarterly earnings results on Thursday, August 3rd. The oil and gas company reported ($0.59) EPS for the quarter, missing the consensus estimate of ($0.38) by $0.21. The company had revenue of $3.78 billion for the quarter, compared to analyst estimates of $2.59 billion. NGL ENERGY PARTNERS had a negative return on equity of 5.00% and a negative net margin of 0.73%. Equities analysts anticipate that NGL ENERGY PARTNERS LP will post $0.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, August 14th. Investors of record on Friday, August 4th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 17.93%. The ex-dividend date of this dividend was Wednesday, August 2nd. NGL ENERGY PARTNERS’s dividend payout ratio (DPR) is presently -124.80%.

NGL ENERGY PARTNERS declared that its board has approved a stock repurchase program on Tuesday, August 29th that authorizes the company to buyback $15.00 million in outstanding shares. This buyback authorization authorizes the oil and gas company to purchase up to 1.3% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

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NGL has been the topic of several research reports. ValuEngine cut shares of NGL ENERGY PARTNERS from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd. BidaskClub cut shares of NGL ENERGY PARTNERS from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of NGL ENERGY PARTNERS from a “strong sell” rating to a “hold” rating in a research report on Wednesday, June 28th. Royal Bank Of Canada reduced their price target on shares of NGL ENERGY PARTNERS from $20.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, August 4th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $13.00 price target (down previously from $15.00) on shares of NGL ENERGY PARTNERS in a research report on Friday, June 16th. 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 stock. The company presently has a consensus rating of “Hold” and a consensus target price of $18.57.

NGL ENERGY PARTNERS 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.

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

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