NGL Energy Partners (NYSE:NGL) Shares Unloaded Rep. Mark E. Green

Representative Mark E. Green (R-Tennessee) recently sold shares of NGL Energy Partners LP (NYSE:NGL). In a filing disclosed on October 29th, the Representative disclosed that they had sold between $50,001 and $100,000 in NGL Energy Partners stock on October 16th. The trade occurred in the Representative’s “EQUITABLE ADVISORS INVESTMENT ACCOUNT” account.

Representative Mark E. Green also recently made the following trade(s):

• Sold $50,001 – $100,000 in shares of NGL Energy Partners (NYSE:NGL) on 10/24/2024.
• Sold $100,001 – $250,000 in shares of NGL Energy Partners (NYSE:NGL) on 9/30/2024.
• Sold $1,001 – $15,000 in shares of NGL Energy Partners (NYSE:NGL) on 9/17/2024.
• Sold $50,001 – $100,000 in shares of NGL Energy Partners (NYSE:NGL) on 8/28/2024.
• Sold $50,001 – $100,000 in shares of NGL Energy Partners (NYSE:NGL) on 8/5/2024.

NGL Energy Partners Stock Performance

Shares of NGL Energy Partners stock opened at $4.00 on Friday. The business has a 50-day simple moving average of $4.38 and a 200 day simple moving average of $4.90. NGL Energy Partners LP has a one year low of $3.80 and a one year high of $6.20. The company has a debt-to-equity ratio of 28.52, a current ratio of 1.15 and a quick ratio of 0.96. The firm has a market capitalization of $530.05 million, a price-to-earnings ratio of -1.86 and a beta of 1.67.

NGL Energy Partners (NYSE:NGL) last issued its earnings results on Thursday, August 8th. The oil and gas company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.27). NGL Energy Partners had a positive return on equity of 36.54% and a negative net margin of 2.28%. The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the previous year, the company earned ($0.11) earnings per share. On average, research analysts anticipate that NGL Energy Partners LP will post 0.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. NBW Capital LLC increased its position in shares of NGL Energy Partners by 40.7% during the first quarter. NBW Capital LLC now owns 438,962 shares of the oil and gas company’s stock worth $2,528,000 after acquiring an additional 126,881 shares in the last quarter. Tidal Investments LLC increased its holdings in NGL Energy Partners by 42.4% during the 1st quarter. Tidal Investments LLC now owns 38,322 shares of the oil and gas company’s stock worth $221,000 after purchasing an additional 11,419 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in NGL Energy Partners during the 2nd quarter worth approximately $721,000. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT purchased a new stake in shares of NGL Energy Partners in the third quarter worth approximately $900,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of NGL Energy Partners by 9.7% in the first quarter. Janney Montgomery Scott LLC now owns 32,210 shares of the oil and gas company’s stock valued at $186,000 after purchasing an additional 2,845 shares in the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.

About Representative Green

Mark Green (Republican Party) is a member of the U.S. House, representing Tennessee’s 7th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2025. Green (Republican Party) is running for re-election to the U.S. House to represent Tennessee’s 7th Congressional District. He declared candidacy for the Republican primary scheduled on August 1, 2024. He won his first election to the U.S. House in 2018 by more than 34 points. Green served in the Tennessee State Senate, representing District 22 from 2012 to 2018. He succeeded Marsha Blackburn after she ran for and won election to the United States Senate. Green previously served in the U.S. Army. He was part of the unit that captured Saddam Hussein. Green wrote about the experience in a book, A Night with Saddam. In May 2017, Green was nominated by Donald Trump for the position of Secretary of the United States Army Green withdrew his nomination. Green received his bachelor’s in quantitative business management from West Point. He later received a master’s certificate in information systems from the University of Southern California and an M.D. from Wright State University. Green’s professional experience includes working as the president of Emergency Services Network and as the CEO of Align MD Foundation. He served as an officer in the U.S. Army from 1987 to 1990.

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.