UBS AG reiterated their buy rating on shares of Nustar Energy L.P. (NYSE:NS) in a research report sent to investors on Monday, July 31st, www.flashratings.com reports. UBS AG currently has a $53.00 price objective on the pipeline company’s stock, down from their prior price objective of $56.00.
Several other brokerages also recently weighed in on NS. Stifel Nicolaus decreased their target price on Nustar Energy L.P. from $52.00 to $46.00 and set a hold rating for the company in a research note on Tuesday, April 25th. FBR & Co restated a hold rating on shares of Nustar Energy L.P. in a research note on Wednesday, April 12th. Credit Suisse Group upgraded Nustar Energy L.P. from an underperform rating to a neutral rating in a research note on Thursday, April 13th. Wells Fargo & Company downgraded Nustar Energy L.P. from an outperform rating to a market perform rating in a research note on Monday, July 17th. Finally, Macquarie assumed coverage on Nustar Energy L.P. in a research note on Friday, April 21st. They set a neutral rating and a $47.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $51.00.
Shares of Nustar Energy L.P. (NS) opened at 40.92 on Monday. The company’s 50 day moving average price is $45.13 and its 200 day moving average price is $48.47. The stock has a market capitalization of $3.81 billion, a P/E ratio of 57.55 and a beta of 1.38. Nustar Energy L.P. has a one year low of $40.75 and a one year high of $55.64.
Nustar Energy L.P. (NYSE:NS) last released its quarterly earnings results on Friday, July 28th. The pipeline company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.28. The company had revenue of $435.49 million for the quarter, compared to the consensus estimate of $500.83 million. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The business’s revenue was down .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 EPS. On average, equities analysts expect that Nustar Energy L.P. will post $1.26 earnings per share for the current year.
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The business also recently announced a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were issued a $1.095 dividend. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $4.38 dividend on an annualized basis and a dividend yield of 10.70%. Nustar Energy L.P.’s payout ratio is presently 608.33%.
In related news, Director William Grady Rosier bought 5,000 shares of the company’s stock in a transaction dated Friday, May 19th. The stock was acquired at an average cost of $46.40 per share, with a total value of $232,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director William E. Greehey bought 50,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was bought at an average cost of $41.86 per share, with a total value of $2,093,000.00. Following the completion of the acquisition, the director now owns 3,421,776 shares in the company, valued at approximately $143,235,543.36. The disclosure for this purchase can be found here. Over the last three months, insiders bought 57,000 shares of company stock valued at $2,411,150. 4.10% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in the stock. Virtu KCG Holdings LLC acquired a new stake in Nustar Energy L.P. during the second quarter worth $570,000. Advisor Group Inc. boosted its stake in Nustar Energy L.P. by 30.6% in the second quarter. Advisor Group Inc. now owns 8,924 shares of the pipeline company’s stock worth $416,000 after buying an additional 2,091 shares in the last quarter. California Public Employees Retirement System boosted its stake in Nustar Energy L.P. by 1.0% in the second quarter. California Public Employees Retirement System now owns 146,600 shares of the pipeline company’s stock worth $6,836,000 after buying an additional 1,500 shares in the last quarter. Northern Trust Corp boosted its stake in Nustar Energy L.P. by 9.8% in the second quarter. Northern Trust Corp now owns 76,009 shares of the pipeline company’s stock worth $3,545,000 after buying an additional 6,800 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Nustar Energy L.P. by 443.8% in the second quarter. Citigroup Inc. now owns 19,668 shares of the pipeline company’s stock worth $918,000 after buying an additional 16,051 shares in 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.
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