NGL Energy Partners LP $NGL Shares Sold by Bank of America Corp DE

Posted by George Bondi on Aug 8th, 2026

Bank of America Corp DE lessened its stake in NGL Energy Partners LP (NYSE:NGL – Free Report) by 20.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,275,036 shares of the oil and gas company’s stock after selling 2,065,788 shares during the quarter. Bank of America Corp DE owned about 0.07% of NGL Energy Partners worth $102,031,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC purchased a new position in shares of NGL Energy Partners during the 3rd quarter worth $70,000. CIBC Bancorp USA Inc. purchased a new stake in shares of NGL Energy Partners in the third quarter valued at about $70,000. LPL Financial LLC purchased a new stake in shares of NGL Energy Partners in the fourth quarter valued at about $120,000. Massar Capital Management LP increased its position in NGL Energy Partners by 23.2% during the second quarter. Massar Capital Management LP now owns 28,143 shares of the oil and gas company’s stock worth $120,000 after purchasing an additional 5,295 shares during the last quarter. Finally, State of Wyoming raised its stake in NGL Energy Partners by 184.0% during the second quarter. State of Wyoming now owns 32,202 shares of the oil and gas company’s stock worth $138,000 after purchasing an additional 20,864 shares during the period. Hedge funds and other institutional investors own 40.62% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Wall Street Zen upgraded NGL Energy Partners from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings cut shares of NGL Energy Partners from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 4th. Finally, Zacks Research raised shares of NGL Energy Partners from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

View Our Latest Stock Report on NGL

NGL Energy Partners Trading Down 2.2%

NGL Energy Partners stock opened at $16.97 on Friday. The stock has a market cap of $2.12 billion, a P/E ratio of -5.97 and a beta of 0.63. The company has a fifty day simple moving average of $15.83 and a 200-day simple moving average of $14.18. NGL Energy Partners LP has a 12-month low of $4.22 and a 12-month high of $18.80.

NGL Energy Partners (NYSE:NGL – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The oil and gas company reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.37. NGL Energy Partners had a negative net margin of 3.76% and a negative return on equity of 39.51%. The company had revenue of $989.99 million for the quarter, compared to analysts’ expectations of $346.13 million. As a group, sell-side analysts forecast that NGL Energy Partners LP will post 0.82 earnings per share for the current fiscal year.

About NGL Energy Partners

(Free Report)

NGL Energy Partners LP is a publicly traded master limited partnership that provides midstream infrastructure and marketing services for the energy industry. The company focuses on the transportation, storage, fractionation and marketing of natural gas liquids (NGLs) and refined petroleum products. Through its integrated operations, NGL Energy Partners serves producers, processors, refiners and industrial customers across key U.S. energy-producing regions.

The partnership’s asset base includes pipelines, storage terminals, fractionation plants, and distribution facilities.