Municipal Employees’ Retirement System Of Michigan Lowers stake in NGL Energy Partners LP (NGL)

NGL Energy Partners LP (NGL) : Municipal Employees’ Retirement System Of Michigan reduced its stake in NGL Energy Partners LP by 5.06% during the most recent quarter end. The investment management company now holds a total of 288,860 shares of NGL Energy Partners LP which is valued at $5,352,576 after selling 15,380 shares in NGL Energy Partners LP , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.NGL Energy Partners LP makes up approximately 0.28% of Municipal Employees’ Retirement System Of Michigan’s portfolio.

Other Hedge Funds, Including , Cushing Asset Management Lp boosted its stake in NGL in the latest quarter, The investment management firm added 1,417,985 additional shares and now holds a total of 2,628,652 shares of NGL Energy Partners LP which is valued at $48,708,922. NGL Energy Partners LP makes up approx 1.83% of Cushing Asset Management Lp’s portfolio.Bridgecreek Investment Management boosted its stake in NGL in the latest quarter, The investment management firm added 30,955 additional shares and now holds a total of 353,960 shares of NGL Energy Partners LP which is valued at $6,558,879. NGL Energy Partners LP makes up approx 1.95% of Bridgecreek Investment Management’s portfolio. Penn Capital Management Co Inc added NGL to its portfolio by purchasing 10,811 company shares during the most recent quarter which is valued at $200,328. NGL Energy Partners LP makes up approx 0.01% of Penn Capital Management Co Inc’s portfolio. Blackrock Investment Management added NGL to its portfolio by purchasing 1,400 company shares during the most recent quarter which is valued at $25,942.Oppenheimer Co Inc reduced its stake in NGL by selling 6,800 shares or 39.19% in the most recent quarter. The Hedge Fund company now holds 10,550 shares of NGL which is valued at $195,070. NGL Energy Partners LP makes up approx 0.01% of Oppenheimer Co Inc’s portfolio.

NGL Energy Partners LP closed down -0.13 points or -0.72% at $18.01 with 2,88,517 shares getting traded on Thursday. Post opening the session at $17.85, the shares hit an intraday low of $17.6 and an intraday high of $18.21 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

Many Wall Street Analysts have commented on NGL Energy Partners LP. Company shares were Upgraded by Wunderlich on Jun 13, 2016 to ” Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $13 .Stifel Upgraded NGL Energy Partners LP on Jun 3, 2016 to ” Buy”, Price Target of the shares are set at $18.

NGL Energy Partners LP is a limited partnership company that is a vertically-integrated service provider. The Company operates through the following segments: Crude oil logistics which purchases crude oil from producers and transports it for resale at owned and leased pipeline injection stations storage terminals barge loading facilities rail facilities refineries and other trade hubs; the water solutions segment which includes water treatment and disposal facilities; the liquids segment which purchases propane butane and other products from refiners processing plants producers and other parties and sells the products to retailers refiners petrochemical plants and other participants in the wholesale markets; the retail propane segment which is engaged in the retail marketing sale and distribution of propane and distillates; the refined products and renewables segment which conducts gasoline diesel ethanol and biodiesel marketing operations and corporate and other.

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