Fractal Investments LLC Acquires 632,492 Shares of NGL Energy Partners LP (NYSE:NGL)

Fractal Investments LLC increased its stake in NGL Energy Partners LP (NYSE:NGL) by 316.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 832,479 shares of the oil and gas company’s stock after purchasing an additional 632,492 shares during the quarter. NGL Energy Partners makes up approximately 1.0% of Fractal Investments LLC’s portfolio, making the stock its 17th biggest holding. Fractal Investments LLC owned 0.63% of NGL Energy Partners worth $4,637,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NGL. Visionary Horizons LLC purchased a new position in NGL Energy Partners during the 4th quarter valued at about $56,000. Jump Financial LLC bought a new stake in NGL Energy Partners in the third quarter worth $77,000. International Assets Investment Management LLC boosted its stake in shares of NGL Energy Partners by 457.0% during the fourth quarter. International Assets Investment Management LLC now owns 15,596 shares of the oil and gas company’s stock valued at $87,000 after purchasing an additional 12,796 shares during the period. CWM LLC increased its stake in shares of NGL Energy Partners by 18,752.0% in the third quarter. CWM LLC now owns 37,704 shares of the oil and gas company’s stock worth $146,000 after buying an additional 37,504 shares during the period. Finally, Scissortail Wealth Management LLC purchased a new stake in shares of NGL Energy Partners during the fourth quarter worth about $150,000. 40.62% of the stock is owned by institutional investors.

NGL Energy Partners Trading Up 2.2 %

Shares of NGL traded up $0.13 during mid-day trading on Wednesday, hitting $5.99. 401,864 shares of the company’s stock traded hands, compared to its average volume of 390,418. The firm has a market capitalization of $793.73 million, a P/E ratio of -10.15 and a beta of 1.63. The business’s 50-day moving average price is $5.85 and its 200-day moving average price is $5.16. NGL Energy Partners LP has a 1 year low of $2.63 and a 1 year high of $6.20. The company has a quick ratio of 1.05, a current ratio of 1.23 and a debt-to-equity ratio of 5.24.

NGL Energy Partners (NYSE:NGL) last released its earnings results on Thursday, February 8th. The oil and gas company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.05. NGL Energy Partners had a return on equity of 22.44% and a net margin of 0.34%. The company had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $2.05 billion. As a group, sell-side analysts forecast that NGL Energy Partners LP will post 0.1 EPS for the current fiscal year.

Insider Transactions at NGL Energy Partners

In other news, Director James M. Collingsworth acquired 30,101 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were bought at an average cost of $5.81 per share, with a total value of $174,886.81. Following the transaction, the director now owns 559,601 shares of the company’s stock, valued at approximately $3,251,281.81. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

About NGL Energy Partners

NGL Energy Partners LP engages in the transportation, storage, blending, and marketing of crude oil, natural gas liquids, refined products / renewables, and water solutions. The company operates in three segments: Water Solutions, Crude Oil Logistics, and Liquids Logistics. The Water Solutions segment transports, treats, recycles, and disposes produced and flowback water generated from oil and natural gas production; aggregates and sells recovered crude oil; disposes solids, such as tank bottoms, and drilling fluid and muds, as well as performs truck and frac tank washouts; and sells produced water for reuse and recycle, and brackish non-potable water.