Bank of Montreal Can Buys 4,043 Shares of NGL Energy Partners LP...

Bank of Montreal Can Buys 4,043 Shares of NGL Energy Partners LP (NGL)

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Bank of Montreal Can increased its stake in shares of NGL Energy Partners LP (NYSE:NGL) by 0.4% during the first quarter, Holdings Channel reports. The fund owned 981,243 shares of the oil and gas company’s stock after buying an additional 4,043 shares during the period. Bank of Montreal Can owned about 0.89% of NGL Energy Partners worth $22,176,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Oppenheimer & Co. Inc. boosted its stake in shares of NGL Energy Partners by 3.8% in the third quarter. Oppenheimer & Co. Inc. now owns 10,950 shares of the oil and gas company’s stock valued at $206,000 after buying an additional 400 shares during the last quarter. BOKF NA boosted its stake in NGL Energy Partners by 3.0% in the third quarter. BOKF NA now owns 17,165 shares of the oil and gas company’s stock valued at $323,000 after buying an additional 500 shares in the last quarter. State Street Corp boosted its stake in NGL Energy Partners by 5.8% in the fourth quarter. State Street Corp now owns 12,014 shares of the oil and gas company’s stock valued at $252,000 after buying an additional 661 shares in the last quarter. Wade G W & Inc. boosted its stake in NGL Energy Partners by 13.2% in the third quarter. Wade G W & Inc. now owns 13,117 shares of the oil and gas company’s stock valued at $247,000 after buying an additional 1,532 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. boosted its stake in NGL Energy Partners by 6.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 77,879 shares of the oil and gas company’s stock valued at $1,636,000 after buying an additional 4,764 shares in the last quarter. 68.69% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for NGL Energy Partners (NYSE:NGL)

Shares of NGL Energy Partners LP (NYSE:NGL) opened at 21.45 on Friday. The company’s 50-day moving average price is $22.00 and its 200 day moving average price is $20.92. The firm’s market cap is $2.36 billion. NGL Energy Partners LP has a 1-year low of $11.57 and a 1-year high of $25.80.

NGL Energy Partners (NYSE:NGL) last issued its quarterly earnings results on Tuesday, February 7th. The oil and gas company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by $0.48. NGL Energy Partners had a positive return on equity of 9.99% and a negative net margin of 0.85%. The company earned $3.41 billion during the quarter, compared to the consensus estimate of $3.09 billion. On average, analysts predict that NGL Energy Partners LP will post $1.51 EPS for the current year.

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Several research firms recently commented on NGL. Stifel Nicolaus cut NGL Energy Partners from a “buy” rating to a “hold” rating and decreased their target price for the stock from $22.00 to $21.00 in a research note on Wednesday, February 8th. Zacks Investment Research cut NGL Energy Partners from a “hold” rating to a “strong sell” rating in a research note on Friday, February 17th. FBR & Co decreased their target price on NGL Energy Partners from $29.00 to $28.00 and set an “outperform” rating for the company in a research note on Wednesday, February 15th. Royal Bank of Canada reaffirmed a “buy” rating and set a $21.00 target price on shares of NGL Energy Partners in a research note on Friday, January 6th. Finally, TheStreet raised NGL Energy Partners from a “d+” rating to a “c-” rating in a research note on Thursday, January 19th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. NGL Energy Partners currently has an average rating of “Buy” and a consensus price target of $23.29.

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.

5 Day Chart for NYSE:NGL

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Dan specializes in matters of money management and personal finance and has been published on numerous financial, business, health and wellness and sports websites.

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