NGL ENERGY PARTNERS LP(NGL) is having a Dividend Yield of 6.46% with the Annual cash Dividend per share of $2.54. The last quarter cash dividend per share pay out was $0.39. NGL ENERGY PARTNERS LP has a 5 year average dividend yield of 8.93% and the stock has a Indicated annual dividend of $1.56. NGL ENERGY PARTNERS LP(NGL) formally announced its most recent dividend on January 20, 2017 with a Dividend per share of $0.39. The new indicated annual dividend based on announced dividend per share is $1.56. The dividend yield based on the forward looking indicated annual dividend is 6.46%. NGL ENERGY PARTNERS LP(NGL) has the most recent dividend payout ratio of 1.16 with a 5-year average payout ratio of 10.18. The 5 year historical dividend growth of NGL ENERGY PARTNERS LP(NGL) is at the rate of 5% while the R-Squared dividend growth is 0.12. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
NGL ENERGY PARTNERS LP (NYSE:NGL) witnessed a decline in the market cap on Thursday as its shares dropped 3.73% or 0.9 points. After the session commenced at $23.15, the stock reached the higher end at $23.45 while it hit a low of $22.85. With the volume soaring to 4,103,155 shares, the last trade was called at $23.25. The company has a 52-week high of $25.8. The company has a market cap of $2,559 million and there are 110,059,407 shares in outstanding. The 52-week low of the share price is $6.52. NGL Energy Partners LP has dropped 3.33% in the last five trading days, however, the shares have posted positive gains of 2.06% in the last 4 weeks. NGL Energy Partners LP is up 29.46% in the last 3-month period. Year-to-Date the stock performance stands at 12.51%.
In the past twelve weeks, the net percent change held by company insiders has changed by -6.65% . Institutional Investors own 68.69% of NGL ENERGY PARTNERS LP shares. During last six month period, the net percent change held by insiders has seen a change of 20.13%. Company has reported several Insider transactions to the SEC, on Dec 9, 2016, Lawrence J. Thuillier (Chief Accounting Officer) sold 2,493 shares at 18.88 per share price.On Nov 16, 2016, James M Collingsworth (director) purchased 20,000 shares at 17.52 per share price.On Nov 16, 2016, H Michael Krimbill (CEO) purchased 30,000 shares at 18.13 per share price.
Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.NGL Energy Partners LP was Reiterated by FBR & Co. on Feb 15, 2017 to Outperform, Lowers Price Target to $ 28 from a previous price target of $29 .NGL Energy Partners LP was Downgraded by Stifel on Feb 8, 2017 to Hold, Lowers Price Target to $ 21 from a previous price target of $22 .Company shares were Upgraded by FBR & Co. on Jan 20, 2017 to Outperform, Raises Price Target to $ 29 from a previous price target of $21 .NGL Energy Partners LP was Upgraded by Raymond James to Outperform on Jan 12, 2017. Company shares were Reiterated by Stifel on Dec 21, 2016 to Buy, Raises Price Target to $ 22 from a previous price target of $19 .
NGL Energy Partners LP is a limited partnership operating a vertically-integrated propane business with three operating segments: retail propane; wholesale supply and marketing; and midstream. The Retail Propane segment engages in retail marketing, sale, and distribution of propane, including the sale and lease of propane tanks, equipment, and supplies to residential, agricultural, commercial, and industrial customers through customer service locations. The Wholesale Supply and Marketing segment supplies propane and other natural gas liquids, as well as provides related storage to retailers, wholesalers, and refiners. The Midstream segment involves in the delivery of propane from pipelines or trucks to propane terminals and transfers the propane to third-party transport trucks for delivery to retailers, wholesalers, or other consumers. NGL Energy Partners LP is headquartered in Tulsa, Oklahoma.