Congressman Mark Green, representing Tennessee's 7th congressional district, has made a significant investment in NGL Energy Partners LP (NYSE:NGL). The transaction, a purchase of common units representing limited partner interests, was carried out through an Equitable Retirement Account.
The transaction took place on July 1, 2024, with a notification date of July 8, 2024. The dollar value of the trade falls within the range of $50,001 to $100,000. This substantial investment demonstrates Congressman Green's confidence in NGL Energy Partners LP, a diversified midstream energy company.
The Equitable Retirement Account used for this transaction is a type of investment vehicle designed to provide individuals with a means to save for retirement. The account allows for tax-deferred growth of investments, which can result in significant long-term benefits for the investor.
InvestingPro Insights
Amidst the market's twists and turns, Congressman Mark Green's recent investment in NGL Energy Partners LP (NYSE:NGL) has brought the company into focus. With a diversified portfolio in the energy sector, NGL Energy Partners' current market dynamics offer a blend of opportunities and challenges for investors. Here's a snapshot of the company's financial health and stock performance, based on the latest data from InvestingPro.
NGL Energy Partners LP's market capitalization stands at $627.45 million, reflecting the company's size and market value. Despite facing a decline in revenue over the last twelve months as of Q4 2024, with a decrease of nearly 20%, the company maintains a solid free cash flow yield, which is a positive sign for potential investors. This valuation metric is crucial as it indicates how much cash the company is generating relative to its share price, which can be a predictor of future dividends and growth potential.
However, investors should note that the company's gross profit margin is relatively low at 14.23%, which may raise concerns about its efficiency in converting sales into profit. Additionally, NGL Energy Partners LP does not pay dividends, which could be a factor for income-focused investors to consider.
For those considering adding NGL Energy Partners LP to their portfolio, it's worth exploring the 4 additional InvestingPro Tips available. These tips provide deeper insights into the company's financial metrics and stock performance, which could guide investment decisions. To access these tips, visit the dedicated page on Investing.com: https://www.investing.com/pro/NGL. Remember to use the coupon code PRONEWS24 to get up to 10% off a yearly Pro and a yearly or biyearly Pro+ subscription.
While the energy market's volatility continues, informed decisions backed by real-time data and expert analysis from InvestingPro can help navigate these uncertain times.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.