Nustar Energy L.P. (NYSE:NS) Director Jesse D. Bates bought 1,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was purchased at an average price of $43.34 per share, for a total transaction of $43,340.00. Following the completion of 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 this hyperlink.
Nustar Energy L.P. (NYSE:NS) opened at 42.08 on Friday. The stock has a 50 day moving average of $45.70 and a 200 day moving average of $49.02. Nustar Energy L.P. has a 12-month low of $42.08 and a 12-month high of $55.64. The stock has a market cap of $3.91 billion, a P/E ratio of 59.18 and a beta of 1.38.
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 analysts’ consensus estimates of $0.33 by $0.28. Nustar Energy L.P. had a net margin of 6.77% and a return on equity of 8.84%. The company had revenue of $435.49 million during the quarter, compared to analyst estimates of $500.83 million. During the same period in the prior year, the business posted $0.52 EPS. Nustar Energy L.P.’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts anticipate that Nustar Energy L.P. will post $1.32 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 11th. Investors of record on Monday, August 7th will be paid a $1.095 dividend. The ex-dividend date is Thursday, August 3rd. This represents a $4.38 dividend on an annualized basis and a yield of 10.38%. Nustar Energy L.P.’s dividend payout ratio is currently 608.33%.
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A number of large investors have recently added to or reduced their stakes in the stock. Tortoise Capital Advisors L.L.C. boosted its stake in Nustar Energy L.P. by 213,865.7% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 4,311,408 shares of the pipeline company’s stock worth $201,041,000 after buying an additional 4,309,393 shares in the last quarter. Alps Advisors Inc. boosted its stake in Nustar Energy L.P. by 25.9% in the second quarter. Alps Advisors Inc. now owns 5,772,723 shares of the pipeline company’s stock worth $269,182,000 after buying an additional 1,188,735 shares in the last quarter. Eagle Global Advisors LLC boosted its stake in Nustar Energy L.P. by 15,930.4% in the second quarter. Eagle Global Advisors LLC now owns 1,043,580 shares of the pipeline company’s stock worth $48,662,000 after buying an additional 1,037,070 shares in the last quarter. Bank of Montreal Can boosted its stake in Nustar Energy L.P. by 281.7% in the second quarter. Bank of Montreal Can now owns 1,019,173 shares of the pipeline company’s stock worth $47,524,000 after buying an additional 752,185 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Nustar Energy L.P. by 29.1% in the first quarter. Clearbridge Investments LLC now owns 2,370,465 shares of the pipeline company’s stock worth $123,217,000 after buying an additional 534,570 shares in the last quarter. 46.51% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts have recently weighed in on the stock. Wells Fargo & Company upgraded shares of Nustar Energy L.P. from a “market perform” rating to an “outperform” rating in a research report on Friday, April 21st. BidaskClub lowered shares of Nustar Energy L.P. from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Stifel Nicolaus cut their price target 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. Zacks Investment Research lowered shares of Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 27th. Finally, 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. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target 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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