WealthTrust Arizona LLC cut its position in Nustar Energy L.P. (NYSE:NS) by 24.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,906 shares of the pipeline company’s stock after selling 4,129 shares during the period. WealthTrust Arizona LLC’s holdings in Nustar Energy L.P. were worth $602,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in the company. Winslow Evans & Crocker Inc. raised 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 valued at $158,000 after buying an additional 2,832 shares during the last quarter. Sigma Planning Corp bought a new position in Nustar Energy L.P. during the first quarter valued at about $206,000. Level Four Advisory Services LLC increased its position in Nustar Energy L.P. by 4.5% in the first quarter. Level Four Advisory Services LLC now owns 4,423 shares of the pipeline company’s stock valued at $226,000 after buying an additional 191 shares during the period. McQueen Ball & Associates Inc. increased its position in 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 during the period. Finally, Investment Centers of America Inc. increased its position in Nustar Energy L.P. by 29.8% in the first quarter. Investment Centers of America Inc. now owns 5,248 shares of the pipeline company’s stock valued at $271,000 after buying an additional 1,206 shares during the period. 52.47% of the stock is owned by institutional investors.
Shares of Nustar Energy L.P. (NS) traded down 0.41% on Friday, reaching $40.92. The company’s stock had a trading volume of 346,941 shares. The stock has a market capitalization of $3.81 billion, a P/E ratio of 57.55 and a beta of 1.38. The company has a 50 day moving average of $45.13 and a 200 day moving average of $48.47. Nustar Energy L.P. has a 1-year low of $40.75 and a 1-year 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.33 by $0.28. The firm had revenue of $435.49 million for 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%. Nustar Energy L.P.’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 EPS. Equities research analysts expect that Nustar Energy L.P. will post $1.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Investors of record on Monday, August 7th were given a dividend of $1.095 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $4.38 dividend on an annualized basis and a yield of 10.70%. Nustar Energy L.P.’s payout ratio is 608.33%.
Several research firms have recently issued reports on NS. Stifel Nicolaus restated a “hold” rating and set a $52.00 price objective on shares of Nustar Energy L.P. in a report on Monday, April 17th. BidaskClub upgraded shares of Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. UBS AG reiterated a “buy” rating and issued a $53.00 price target (down previously from $56.00) on shares of Nustar Energy L.P. in a report on Monday, July 31st. Macquarie assumed 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. Finally, Zacks Investment Research downgraded shares of Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 27th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $51.00.
In related news, Director Jesse D. Bates purchased 1,000 shares of Nustar Energy L.P. stock in a transaction on Tuesday, August 1st. The stock was bought at an average price of $43.34 per share, with a total value of $43,340.00. Following the completion of the transaction, the director now directly owns 7,818 shares of the company’s stock, valued at $338,832.12. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William E. Greehey purchased 50,000 shares of Nustar Energy L.P. stock in a transaction on 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 transaction, the director now directly owns 3,421,776 shares of the company’s stock, valued at $143,235,543.36. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 57,000 shares of company stock valued at $2,411,150. Insiders own 4.10% of the company’s stock.
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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