NGL Energy Partners LP (NYSE:NGL) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers cut its holdings in NGL Energy Partners LP (NYSE:NGL) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,004 shares of the oil and gas company’s stock after selling 10,425 shares during the period. Cetera Investment Advisers’ holdings in NGL Energy Partners were worth $1,357,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NGL. Bank of America Corp DE raised its stake in NGL Energy Partners by 27.3% in the fourth quarter. Bank of America Corp DE now owns 6,812,752 shares of the oil and gas company’s stock valued at $33,996,000 after buying an additional 1,461,754 shares in the last quarter. Prescott Group Capital Management L.L.C. raised its stake in NGL Energy Partners by 282.7% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 121,838 shares of the oil and gas company’s stock valued at $608,000 after buying an additional 90,000 shares in the last quarter. Invesco Ltd. raised its stake in NGL Energy Partners by 0.4% in the fourth quarter. Invesco Ltd. now owns 19,647,133 shares of the oil and gas company’s stock valued at $98,039,000 after buying an additional 85,000 shares in the last quarter. Jane Street Group LLC acquired a new stake in NGL Energy Partners in the fourth quarter valued at $182,000. Finally, ELCO Management Co. LLC increased its position in shares of NGL Energy Partners by 21.4% during the fourth quarter. ELCO Management Co. LLC now owns 157,120 shares of the oil and gas company’s stock worth $784,000 after purchasing an additional 27,700 shares in the last quarter. 40.62% of the stock is currently owned by institutional investors and hedge funds.

NGL Energy Partners Stock Performance

NGL opened at $3.43 on Thursday. The business’s 50-day simple moving average is $3.60 and its 200-day simple moving average is $4.41. NGL Energy Partners LP has a one year low of $2.64 and a one year high of $5.97. The stock has a market capitalization of $452.14 million, a P/E ratio of -1.36 and a beta of 0.26.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut NGL Energy Partners from a “buy” rating to a “hold” rating in a research report on Monday, April 21st.

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.