NGL Energy Partners (NYSE:NGL) issued its quarterly earnings data on Thursday. The oil and gas company reported ($0.96) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.89), Bloomberg Earnings reports. NGL Energy Partners had a negative return on equity of 1.12% and a net margin of 1.54%. The company had revenue of $6.64 billion during the quarter, compared to analyst estimates of $5.40 billion. The business’s quarterly revenue was up 13.6% on a year-over-year basis.
NGL Energy Partners stock traded up $0.10 during mid-day trading on Friday, reaching $13.75. 508,731 shares of the company’s stock were exchanged, compared to its average volume of 630,684. The firm has a market capitalization of $1.72 billion, a P/E ratio of -10.91, a P/E/G ratio of 8.60 and a beta of 1.06. NGL Energy Partners has a twelve month low of $8.71 and a twelve month high of $15.71. The company has a current ratio of 1.45, a quick ratio of 1.08 and a debt-to-equity ratio of 1.04. The stock’s fifty day simple moving average is $14.86.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th will be issued a dividend of $0.39 per share. The ex-dividend date is Tuesday, August 6th. This represents a $1.56 dividend on an annualized basis and a yield of 11.35%. NGL Energy Partners’s dividend payout ratio (DPR) is presently -123.81%.
In other NGL Energy Partners news, CEO H Michael Krimbill bought 25,000 shares of NGL Energy Partners stock in a transaction on Wednesday, June 12th. The shares were bought at an average cost of $14.53 per share, for a total transaction of $363,250.00. Following the acquisition, the chief executive officer now directly owns 1,141,417 shares in the company, valued at $16,584,789.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Raymond sold 176,634 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $14.88, for a total transaction of $2,628,313.92. Following the sale, the director now owns 50,000 shares in the company, valued at $744,000. The disclosure for this sale can be found here.
A number of institutional investors have recently added to or reduced their stakes in the business. CWM Advisors LLC lifted its holdings in NGL Energy Partners by 8.3% during the 2nd quarter. CWM Advisors LLC now owns 11,960 shares of the oil and gas company’s stock worth $177,000 after buying an additional 920 shares in the last quarter. First Republic Investment Management Inc. increased its position in shares of NGL Energy Partners by 3.6% in the 2nd quarter. First Republic Investment Management Inc. now owns 55,544 shares of the oil and gas company’s stock valued at $820,000 after purchasing an additional 1,911 shares during the last quarter. Arlington Partners LLC purchased a new stake in shares of NGL Energy Partners in the 2nd quarter valued at approximately $29,000. Flagship Harbor Advisors LLC purchased a new stake in shares of NGL Energy Partners in the 1st quarter valued at approximately $28,000. Finally, Cetera Advisor Networks LLC increased its position in shares of NGL Energy Partners by 10.9% in the 1st quarter. Cetera Advisor Networks LLC now owns 28,200 shares of the oil and gas company’s stock valued at $397,000 after purchasing an additional 2,767 shares during the last quarter. Institutional investors own 60.43% of the company’s stock.
NGL Energy Partners Company Profile
NGL Energy Partners LP, together with its subsidiaries, engages in the crude oil logistics, water solutions, liquids, retail propane, and refined products and renewables businesses. The Crude Oil Logistics segment purchases crude oil from producers and transports it to refineries for resale at pipeline injection stations, storage terminals, barge loading facilities, rail facilities, refineries, and other trade hubs; and provides storage, terminaling, trucking, marine, and pipeline transportation services.
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