NGL ENERGY PARTNERS LP (NYSE:NGL) is expected to pay $0.39 on Nov 14, 2016. The indicated annual dividend is $1.56. Shareholders owning the stock before Nov 2, 2016 will be eligible to receive the payout. Based on NGL ENERGY PARTNERS LP’s current price of $17.80, the dividend is 2.19%. This dividend’s record date is Nov 4, 2016 and the announcement date is Oct 24, 2016. The stock decreased 4.25% or $0.79 on October 31, hitting $17.8. NGL Energy Partners LP (NYSE:NGL) has risen 134.52% since March 30, 2016 and is uptrending. It has outperformed by 131.51% the S&P500.
NGL Energy Partners LP owns and operates a vertically integrated energy business. The company has a market cap of $1.80 billion. The Company’s divisions are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. It currently has negative earnings. The Company’s crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.
Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.54, from 1.33 in 2016Q1. The ratio is negative, as 21 funds sold all NGL Energy Partners LP shares owned while 36 reduced positions. 17 funds bought stakes while 28 increased positions. They now own 58.16 million shares or 6.69% more from 54.52 million shares in 2016Q1.
Alps Advsrs has 5.90 million shares for 1.01% of their US portfolio. Morgan Stanley last reported 2.92 million shares in the company. Jane Street Grp Limited Liability Corporation holds 0% or 17,624 shares in its portfolio. Peak6 Invests Lp last reported 0% of its portfolio in the stock. Northern Trust last reported 141,100 shares in the company. Tower Limited Liability Co (Trc) last reported 2,382 shares in the company. Creative Planning owns 562,853 shares or 0.08% of their US portfolio. Marquette Asset Mngmt Inc owns 28,403 shares or 0.24% of their US portfolio. Moreover, Metropolitan Life Insurance Ny has 0.03% invested in NGL Energy Partners LP (NYSE:NGL) for 190,000 shares. Cushing Asset Management Limited Partnership accumulated 5.49% or 8.01M shares. Salient Advsrs Ltd Liability last reported 5.50 million shares in the company. Spirit Of America Management Corporation Ny reported 250,468 shares or 0.71% of all its holdings. Evergreen Mgmt Limited Liability accumulated 0.09% or 22,450 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys reported 1.45M shares or 0.52% of all its holdings. Cetera Advisor Netwr Lc holds 0.04% of its portfolio in NGL Energy Partners LP (NYSE:NGL) for 32,738 shares.
Insider Transactions: Since July 6, 2016, the stock had 1 buying transaction, and 8 insider sales for $889,057 net activity. On Friday, August 19 Osterman Vincent J sold $108,154 worth of the stock or 5,936 shares. On Thursday, September 15 KRIMBILL H MICHAEL bought $346,112 worth of the stock or 20,000 shares. Thuillier Lawrence J. had sold 912 shares worth $16,617. 5,748 shares with value of $104,729 were sold by Coady Shawn W on Friday, August 19. Shares for $239,312 were sold by Burke James J on Thursday, July 7. Another trade for 10,680 shares valued at $197,260 was made by Karlovich Robert W III on Wednesday, July 6.
NGL Energy Partners LP (NYSE:NGL) Ratings Coverage
Out of 8 analysts covering NGL ENERGY PARTNERS LP (NYSE:NGL), 3 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 38% are positive. NGL ENERGY PARTNERS LP has been the topic of 21 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The rating was initiated by FBR Capital with “Mkt Perform” on Friday, September 9. The stock of NGL Energy Partners LP (NYSE:NGL) earned “Underperform” rating by Bank of America on Thursday, December 10. The company was downgraded on Monday, January 11 by Wunderlich. The stock of NGL Energy Partners LP (NYSE:NGL) has “Buy” rating given on Wednesday, November 11 by Stifel Nicolaus. On Friday, February 12 the stock rating was maintained by RBC Capital Markets with “Outperform”. The rating was upgraded by Wunderlich on Monday, June 13 to “Buy”. Raymond James downgraded the stock to “Mkt Perform” rating in Monday, January 4 report. Wunderlich maintained it with “Buy” rating and $24 target price in Wednesday, November 11 report. The stock of NGL Energy Partners LP (NYSE:NGL) earned “Equal Weight” rating by Barclays Capital on Tuesday, August 11. Wunderlich maintained it with “Hold” rating and $7.50 target price in Thursday, February 11 report.
More notable recent NGL Energy Partners LP (NYSE:NGL) news were published by: Nasdaq.com which released: “Ex-Dividend Reminder: Teekay Offshore Partners, NGL Energy Partners and …” on October 31, 2016, also Businesswire.com with their article: “NGL Energy Partners LP Announces Timing of Fiscal 2017 Second Quarter Earnings …” published on October 25, 2016, Businesswire.com published: “NGL Energy Partners LP Announces Transaction with ArcLight Capital Partners” on January 08, 2016. More interesting news about NGL Energy Partners LP (NYSE:NGL) were released by: Moodys.com and their article: “Moody’s Publishes Covenant Quality Assessment for NGL Energy Partners LP / NGL …” published on October 19, 2016 as well as Fool.com‘s news article titled: “A $200 Million Cash Infusion Sends NGL Energy Partners LP Soaring Today” with publication date: April 22, 2016.
NGL Company Profile
NGL Energy Partners LP, incorporated on October 8, 2010, owns and operates a vertically integrated energy business. The Company’s divisions are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other.
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