Here is the rundown on market activity for NGL ENERGY PARTNERS LP Common U (NYSE:NGL). Capital Iv, L.p. Highstar, Director reported the sale of 25,000 shares of NGL stock. The shares were purchased at an average price of $12.60. The Director now owns $1,638,000 of the stock per the Form 4 SEC filing. Capital Iv, L.p. Highstar, Director disclosed the sale of 95,094 shares. The shares were sold on June 7th for a price of $13.46. Highstar now owns $2,086,300 of the stock according to the SEC filing.
Director Capital Iv, L.p. Highstar disclosed the sale of 157,559 shares of (NGL). The shares were sold on June 5th for a price of $13.82. Highstar now owns $3,456,299 of the stock per the Form 4 SEC filing.
NGL Energy Partners LP, launched on October 8, 2010, owns and operates a vertically integrated energy business. The Business’s segments are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other..
These funds have also shifted positions in (NGL). As of the end of the quarter Proficio Capital Partners LLC had sold 728 shares trimming its holdings by 6.7%. The value of the investment in NGL ENERGY PARTNERS LP Common U decreased from $227,000 to $148,000 a change of 34.8% quarter over quarter. Morgan Stanley expanded its position by buying 102,709 shares an increase of 3.1%. Morgan Stanley currently owns 3,368,137 shares with a value of $76,120,000. The value of the position overall is up by 11.0%.
As of quarter end Goldman Sachs Group Inc had acquired a total of 1,960,671 shares growing its stake by 810.9%. The value in dollars went from $5,077,000 to $49,775,000 a change of $44,698,000 quarter to quarter. As of quarter end Nomura Holdings Inc had bought a total of 102,700 shares growing its position 164.8%. The value of the investment in (NGL) went from $1,202,000 to $3,717,000 increasing 209.2% for the reporting period.
On December 6 the stock rating was upgraded to “Buy” from “Neutral” by Bank of America. Equity analyst FBR Capital started covering NGL with an initial rating of “Market Perform” and establishing a price target of $21.00.
On June 13 the company was upgraded from “Hold” to “Buy” by analysts at Wunderlich. On June 3 the stock rating was upgraded from “Hold” to “Buy” in a report issued by Stifel Nicolaus.
On April 22 the company was upgraded from “” to “Neutral” in a statement from Bank of America. Equity analyst Goldman Sachs lowered the price target and downgraded the stock on March 11 changing the price target from $12.00 to $6.00 and cutting the rating from “Neutral” to “Sell”.
The company is so far trading down from yesterday’s close of $13.3. Additionally the company recently declared a dividend for shareholders which was paid on Monday May 15th, 2017. The dividend was $0.390 per share for the quarter or $1.56 annualized. This dividend amount represented a yeild of $11.73. The ex-dividend date was set for Thursday the 4th of May 2017.
Shares are trading at $13.18 just a bit lower than $15.32, the 50 day moving average and which is just under the 200 day moving average of $20.13. The 50 day moving average was down $-2.14 or -13.977% and the 200 day average went down $-6.95 or -34.539%.
NGL ENERGY PARTNERS LP Common U’s P/E ratio is 13.868 and the market cap of the company is 1.59B. As of the last earnings report the EPS was $0.95 and is projected to be $0.38 for the current year with 120,787,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $-0.18 and the next full year EPS is projected to be $1.23.