NGL Energy Partners LP(NYSE:NGL) Declares Dividend of $0.3900.

NGL Energy Partners LP (NYSE:NGL) had declared a cash dividend of $0.3900 on Jul 22, 2016. The shares will quote ex-dividend on Aug 2, 2016 and the record date has been fixed for Aug 4, 2016. On Jul 22, 2016 share price, the yield comes out to be 8.0495%. The dividend payable date has been fixed on Aug 12, 2016.

In a different note, On Jun 13, 2016, Wunderlich said it Upgrades its rating on NGL Energy Partners LP. In the research note, the firm Raises the price-target to $13.00 per share. The shares have been rated ‘Buy’ by the firm. On Jun 3, 2016, Stifel Nicolaus said it Upgrades its rating on NGL Energy Partners LP. The shares have been rated ‘Buy’ by the firm. On May 2, 2016, Wunderlich said it Maintains its rating on NGL Energy Partners LP. In the research note, the firm Raises the price-target to $7.50 per share. The shares have been rated ‘Hold’ by the firm.

NGL Energy Partners LP (NGL) made into the market gainers list on Thursdays trading session with the shares advancing 0.59% or 0.11 points. Due to strong positive momentum, the stock ended at $18.75, which is also near the day’s high of $19.1426. The stock began the session at $18.56 and the volume stood at 3,49,380 shares. The 52-week high of the shares is $28.96 and the 52 week low is $5.57. The company has a current market capitalization of $1,953 M and it has 10,41,69,573 shares in outstanding.

NGL Energy Partners LP(NGL) last announced its earnings results on May 27, 2016 for Fiscal Year 2016 and Q4.Earnings per share were $0.76.

Several Insider Transactions has been reported to the SEC. On Jul 11, 2016, James J Burke (President) sold 13,070 shares at $18.31 per share price.Also, On Jul 8, 2016, Vincent J Osterman (President, Eastern Retail OP) sold 13,486 shares at $18.47 per share price.On Jul 8, 2016, Shawn W Coady (President, Retail Division) sold 13,070 shares at $18.47 per share price, according to the Form-4 filing with the securities and exchange commission.

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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