Nustar Energy L.P. (NYSE:NS) Director William E. Greehey purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were acquired at an average price of $41.86 per share, for a total transaction of $2,093,000.00. Following the completion of the purchase, the director now directly owns 3,421,776 shares in the company, valued at approximately $143,235,543.36. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Nustar Energy L.P. (NYSE:NS) opened at 40.92 on Friday. Nustar Energy L.P. has a 52 week low of $40.75 and a 52 week high of $55.64. The stock has a 50 day moving average of $45.13 and a 200-day moving average of $48.47. The company 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 announced its quarterly earnings data on Friday, July 28th. The pipeline company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.28. The company had revenue of $435.49 million during the quarter, compared to analysts’ expectations of $500.83 million. Nustar Energy L.P. had a net margin of 6.77% and a return on equity of 8.11%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.52 earnings per share. On average, analysts anticipate that Nustar Energy L.P. will post $1.26 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, August 7th were given a $1.095 dividend. This represents a $4.38 annualized dividend and a dividend yield of 10.70%. The ex-dividend date of this dividend was Thursday, August 3rd. Nustar Energy L.P.’s payout ratio is currently 608.33%.
A number of analysts recently weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Nustar Energy L.P. from $52.00 to $46.00 and set a “hold” rating on the stock in a report 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 report on Monday, July 17th. Macquarie began coverage on shares of Nustar Energy L.P. in a report on Friday, April 21st. They issued a “neutral” rating and a $47.00 price target on the stock. Zacks Investment Research raised shares of Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a 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 report on Wednesday, June 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.00.
Institutional investors have recently made changes to their positions in the stock. AlphaMark Advisors LLC bought a new position in shares of Nustar Energy L.P. during the first quarter valued at approximately $281,000. Infrastructure Capital Advisors LLC raised its position in shares of Nustar Energy L.P. by 100.1% in the first quarter. Infrastructure Capital Advisors LLC now owns 13,527 shares of the pipeline company’s stock valued at $703,000 after buying an additional 6,766 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Nustar Energy L.P. by 1.7% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 649,147 shares of the pipeline company’s stock valued at $33,743,000 after buying an additional 11,040 shares during the last quarter. US Bancorp DE raised its position in shares of Nustar Energy L.P. by 98.9% in the first quarter. US Bancorp DE now owns 9,250 shares of the pipeline company’s stock valued at $481,000 after buying an additional 4,600 shares during the last quarter. Finally, Jennison Associates LLC raised its position in shares of Nustar Energy L.P. by 16.8% in the first quarter. Jennison Associates LLC now owns 263,763 shares of the pipeline company’s stock valued at $13,710,000 after buying an additional 37,893 shares during the last quarter. 52.47% of the stock is owned by hedge funds and other institutional investors.
Nustar Energy L.P. Company Profile
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.
What are top analysts saying about Nustar Energy L.P.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Nustar Energy L.P. and related companies.