Ngl Energy Partners LP (NYSE:NGL) Shorted Shares Increased By 9.13%

July 18, 2017 - By Vivian Currie

 Ngl Energy Partners LP (NYSE:NGL) Shorted Shares Increased By 9.13%

Investors sentiment decreased to 1.32 in 2016 Q4. Its down 0.21, from 1.53 in 2016Q3. It dropped, as 12 investors sold NGL Energy Partners LP shares while 29 reduced holdings. 18 funds opened positions while 36 raised stakes. 69.69 million shares or 2.95% more from 67.69 million shares in 2016Q3 were reported.
Highland Mgmt Limited Partnership holds 132,412 shares or 0.13% of its portfolio. Texas Yale Corporation reported 0.02% stake. Forward Mgmt Ltd Co holds 335,085 shares. 42,500 were reported by Northern Corporation. Da Davidson owns 0% invested in NGL Energy Partners LP (NYSE:NGL) for 990 shares. Sg Americas Secs Limited Liability Corporation has 0.01% invested in NGL Energy Partners LP (NYSE:NGL) for 66,453 shares. Barclays Public Limited Com stated it has 166,068 shares. Hightower Advsrs Ltd Llc owns 59,433 shares for 0.01% of their portfolio. Renaissance Lc stated it has 117,100 shares or 0% of all its holdings. Oklahoma-based Pinnacle Ltd Liability Corporation has invested 0% in NGL Energy Partners LP (NYSE:NGL). Toronto Dominion Bancorp stated it has 0% of its portfolio in NGL Energy Partners LP (NYSE:NGL). Segall Bryant And Hamill Limited Liability Co has invested 0.02% in NGL Energy Partners LP (NYSE:NGL). 10,534 are held by Hap Trading Limited Liability Company. Kcg reported 0.03% stake. Raymond James Incorporated reported 0.03% stake.

Since May 31, 2017, it had 0 buys, and 5 insider sales for $8.26 million activity.

The stock of Ngl Energy Partners LP (NYSE:NGL) registered an increase of 9.13% in short interest. NGL’s total short interest was 1.53 million shares in July as published by FINRA. Its up 9.13% from 1.40M shares, reported previously. With 936,300 shares average volume, it will take short sellers 2 days to cover their NGL’s short positions. The short interest to Ngl Energy Partners LP’s float is 1.64%.

The stock decreased 1.30% or $0.18 on July 17, reaching $13.25. About shares traded. NGL Energy Partners LP (NYSE:NGL) has risen 16.78% since July 18, 2016 and is uptrending. It has outperformed by 0.08% the S&P500.

NGL Energy Partners LP owns and operates a vertically integrated energy business. The company has market cap of $1.55 billion. The Company’s divisions are crude oil logistics, water solutions, liquids, retail propane, refined products and renewables, and corporate and other. It has a 18.76 P/E ratio. The Company’s crude oil logistics segment includes owned and leased crude oil storage terminals, and owned and leased pipeline injection stations.

NGL Energy Partners LP (NYSE:NGL) Ratings Coverage

Among 9 analysts covering NGL ENERGY PARTNERS LP (NYSE:NGL), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. NGL ENERGY PARTNERS LP had 35 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of NGL Energy Partners LP (NYSE:NGL) has “Buy” rating given on Tuesday, December 6 by Bank of America. Stifel Nicolaus maintained NGL Energy Partners LP (NYSE:NGL) rating on Wednesday, December 21. Stifel Nicolaus has “Buy” rating and $22 target. Wunderlich downgraded it to “Hold” rating and $15 target in Monday, January 11 report. The firm earned “Hold” rating on Wednesday, February 8 by Stifel Nicolaus. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 11 report. The stock of NGL Energy Partners LP (NYSE:NGL) earned “Buy” rating by Stifel Nicolaus on Wednesday, November 30. The stock of NGL Energy Partners LP (NYSE:NGL) earned “Hold” rating by FBR Capital on Monday, May 29. The stock of NGL Energy Partners LP (NYSE:NGL) has “Underperform” rating given on Thursday, December 10 by Bank of America. The rating was maintained by Barclays Capital on Thursday, February 11 with “Equal-Weight”. The rating was maintained by Barclays Capital on Tuesday, August 11 with “Equal Weight”.

More recent NGL Energy Partners LP (NYSE:NGL) news were published by: Seekingalpha.com which released: “Expect The Rebound To Continue For NGL Energy Partners” on July 04, 2017. Also Seekingalpha.com published the news titled: “A Safe 9% Yield From A Newly Issued Preferred Stock” on June 24, 2017. Nasdaq.com‘s news article titled: “Is NGL Energy Partners a Great Stock for Value Investors?” with publication date: July 10, 2017 was also an interesting one.

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