Nustar Energy L.P. (NYSE:NS) Director Jesse D. Bates purchased 1,000 shares of Nustar Energy L.P. stock in a transaction on Tuesday, August 1st. The stock was acquired at an average cost of $43.34 per share, for a total transaction of $43,340.00. Following the acquisition, the director now directly owns 7,818 shares of the company’s stock, valued at $338,832.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Nustar Energy L.P. (NYSE NS) opened at 40.92 on Friday. Nustar Energy L.P. has a 12-month low of $40.75 and a 12-month high of $55.64. The company’s 50-day moving average is $45.13 and its 200-day moving average is $48.47. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 57.55 and a beta of 1.38.
Nustar Energy L.P. (NYSE:NS) last released its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.33 by $0.28. The company had revenue of $435.49 million during the quarter, compared to analyst estimates of $500.83 million. Nustar Energy L.P. had a net margin of 6.77% and a return on equity of 8.11%. The company’s quarterly revenue was down .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 EPS. On average, equities analysts forecast that Nustar Energy L.P. will post $1.26 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were issued a $1.095 dividend. This represents a $4.38 annualized dividend and a dividend yield of 10.70%. The ex-dividend date was Thursday, August 3rd. Nustar Energy L.P.’s payout ratio is presently 608.33%.
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A number of large investors have recently made changes to their positions in NS. SG Americas Securities LLC increased its stake in shares of Nustar Energy L.P. by 2.6% in the first quarter. SG Americas Securities LLC now owns 55,060 shares of the pipeline company’s stock valued at $2,862,000 after buying an additional 1,418 shares in the last quarter. Morgan Stanley increased its stake in shares of Nustar Energy L.P. by 10.5% in the first quarter. Morgan Stanley now owns 1,922,620 shares of the pipeline company’s stock valued at $99,938,000 after buying an additional 182,223 shares in the last quarter. McQueen Ball & Associates Inc. increased its stake in shares of Nustar Energy L.P. by 2.0% in the first quarter. McQueen Ball & Associates Inc. now owns 5,239 shares of the pipeline company’s stock valued at $272,000 after buying an additional 104 shares in the last quarter. Clinton Group Inc. acquired a new stake in shares of Nustar Energy L.P. during the first quarter valued at about $869,000. Finally, Chicago Partners Investment Group LLC increased its stake in shares of Nustar Energy L.P. by 49.5% in the first quarter. Chicago Partners Investment Group LLC now owns 5,437 shares of the pipeline company’s stock valued at $283,000 after buying an additional 1,800 shares in the last quarter. 52.47% of the stock is owned by institutional investors and hedge funds.
Several brokerages recently issued reports on NS. Stifel Nicolaus reduced their price objective on shares of Nustar Energy L.P. from $52.00 to $46.00 and set a “hold” rating on the stock in a research note on Tuesday, April 25th. Wells Fargo & Company lowered shares of Nustar Energy L.P. from an “outperform” rating to a “market perform” rating in a research report on Monday, July 17th. Macquarie initiated coverage on shares of Nustar Energy L.P. in a research report on Friday, April 21st. They set a “neutral” rating and a $47.00 price target for the company. Zacks Investment Research raised shares of Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Finally, BidaskClub raised shares of Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.00.
About Nustar Energy L.P.
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminalling and storage of petroleum products, and the marketing of petroleum products. The Company’s segments include pipeline, storage and fuels marketing. The pipeline segment consists of the transportation of refined petroleum products, crude oil and anhydrous ammonia.
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