NGL Energy Partners LP (NYSE:NGL), saw a high level insider alter his position through two transactions that began earlier in the week and were officially filed today, August 29th, resulting in the lowering of their exposure to the company. Executive Vice President of Crude Logistics David C. Kehoe sold a total of 30,000 shares at average prices ranging from $42.25 to $42.62 per share. Following this move, Kehoe still holds a total of 269,815 shares directly with the company.
NGL Energy Partners LP (NYSE:NGL) is a $3.82 billion market cap company that is a limited partnership company formed to own and operate a vertically-integrated propane business. It operates in three segments: retail propane; wholesale supply and marketing; and midstream.
In addition, Billionaire Matthew Hulsizer is involved with this company. His hedge fund, Peak6 Capital Management lowered its activity by 23% over the course of the last quarter, now holding 99,300 shares worth about 4.3 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.