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NGL Energy Partners Class B Fixed-to-Floating Rate Cumulative Shares Cross 7.5% Yield Mark
Thursday, February 15, 2:14 PM ET, by Market News Video Staff
In trading on Thursday, shares of NGL Energy Partners LP's 9.00% Class B Fixed-to-Floating Rate ...

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There's an old saying on Wall Street about insider buying: there are many possible reasons ...

Grab This Bargain Energy Stock Even Cheaper Than Executive Vice President Ciolek Did

By Energy Stock Channel Staff, Monday, June 21, 10:37 AM ET
Play Video: One Reason For Insiders to Buy


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There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on June 15, NGL Energy Partners LP's Executive Vice President, John Ciolek, invested $67,200.00 into 30,000 shares of NGL, for a cost per share of $2.24. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money.

In trading on Monday, bargain hunters could buy shares of NGL Energy Partners LP (NYSE:NGL) and achieve a cost basis 3.6% cheaper than Ciolek, with shares changing hands as low as $2.16 per share. NGL Energy Partners LP shares are currently trading up about 0.5% on the day. The chart below shows the one year performance of NGL shares, versus its 200 day moving average:

NGL Energy Partners LP Chart

Looking at the chart above, NGL's low point in its 52 week range is $1.87 per share, with $5.82 as the 52 week high point — that compares with a last trade of $2.19. By comparison, below is a table showing the prices at which NGL insider buying was recorded over the last six months:

Purchased Insider Title Shares Price/Share Value
06/15/2021 John Ciolek Executive Vice President 30,000 $2.24 $67,200.00
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