Nustar Energy L.P. (NYSE:NS) Director Jesse D. Bates purchased 1,000 shares of the company’s stock in a transaction on Tuesday, August 1st. The stock was purchased at an average cost of $43.34 per share, for a total transaction of $43,340.00. Following the purchase, the director now directly owns 7,818 shares in the company, valued at $338,832.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Shares of Nustar Energy L.P. (NYSE:NS) traded down 0.23% during midday trading on Friday, hitting $38.22. The company had a trading volume of 250,647 shares. The company’s 50-day moving average price is $44.25 and its 200 day moving average price is $47.90. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 52.50 and a beta of 1.38. Nustar Energy L.P. has a 12-month low of $37.85 and a 12-month high of $55.64.
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 Thomson Reuters’ consensus estimate of $0.33 by $0.28. Nustar Energy L.P. had a return on equity of 8.11% and a net margin of 6.77%. The business had revenue of $435.49 million during the quarter, compared to the consensus estimate of $500.83 million. During the same period last year, the business posted $0.52 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. Equities research analysts predict that Nustar Energy L.P. will post $1.30 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, August 11th. Shareholders of record on Monday, August 7th were issued a $1.095 dividend. This represents a $4.38 annualized dividend and a yield of 11.46%. The ex-dividend date of this dividend was Thursday, August 3rd. Nustar Energy L.P.’s payout ratio is 608.33%.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company increased its position in shares of Nustar Energy L.P. by 7.3% in the second quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock valued at $112,000 after buying an additional 163 shares during the last quarter. Ffcm LLC increased its stake in Nustar Energy L.P. by 230.9% in the second quarter. Ffcm LLC now owns 2,412 shares of the pipeline company’s stock worth $115,000 after buying an additional 1,683 shares in the last quarter. Botty Investors LLC bought a new stake in Nustar Energy L.P. during the second quarter worth about $127,000. Winslow Evans & Crocker Inc. increased its stake in Nustar Energy L.P. by 708.0% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,232 shares of the pipeline company’s stock worth $158,000 after buying an additional 2,832 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in Nustar Energy L.P. by 210.2% in the second quarter. Penserra Capital Management LLC now owns 3,617 shares of the pipeline company’s stock worth $168,000 after buying an additional 2,451 shares in the last quarter. 54.13% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on NS shares. Zacks Investment Research downgraded Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research note on Tuesday, June 27th. 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. Stifel Nicolaus lowered their target price on Nustar Energy L.P. from $52.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, April 25th. BidaskClub downgraded Nustar Energy L.P. from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, UBS AG reaffirmed a “buy” rating and issued a $53.00 target price (down previously from $56.00) on shares of Nustar Energy L.P. in a research report on Monday, July 31st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus 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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