Center Coast Capital Advisors LP increased its position in Nustar Energy L.P. (NYSE:NS) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,657,451 shares of the pipeline company’s stock after purchasing an additional 509,808 shares during the quarter. Nustar Energy L.P. makes up about 4.7% of Center Coast Capital Advisors LP’s portfolio, making the stock its 13th biggest position. Center Coast Capital Advisors LP owned approximately 5.01% of Nustar Energy L.P. worth $189,046,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in the stock. Keybank National Association OH grew its stake in Nustar Energy L.P. by 1.5% in the second quarter. Keybank National Association OH now owns 6,777 shares of the pipeline company’s stock worth $316,000 after purchasing an additional 102 shares in the last quarter. Sheaff Brock Investment Advisors LLC grew its stake in Nustar Energy L.P. by 1.3% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 8,219 shares of the pipeline company’s stock worth $383,000 after purchasing an additional 104 shares in the last quarter. Bahl & Gaynor Inc. grew its stake in Nustar Energy L.P. by 0.5% in the second quarter. Bahl & Gaynor Inc. now owns 19,623 shares of the pipeline company’s stock worth $977,000 after purchasing an additional 107 shares in the last quarter. Cullen Frost Bankers Inc. grew its stake in Nustar Energy L.P. by 2.0% in the second quarter. Cullen Frost Bankers Inc. now owns 7,718 shares of the pipeline company’s stock worth $360,000 after purchasing an additional 150 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its position in Nustar Energy L.P. by 7.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 2,406 shares of the pipeline company’s stock valued at $112,000 after acquiring an additional 163 shares in the last quarter. 57.75% of the stock is currently owned by institutional investors.
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In other news, Director William E. Greehey bought 6,899 shares of Nustar Energy L.P. stock in a transaction that occurred on Wednesday, August 23rd. The stock was bought at an average price of $38.61 per share, for a total transaction of $266,370.39. Following the purchase, the director now directly owns 3,454,662 shares of the company’s stock, valued at approximately $133,384,499.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Greehey bought 43,101 shares of Nustar Energy L.P. stock in a transaction that occurred on Thursday, August 24th. The stock was purchased at an average price of $38.69 per share, with a total value of $1,667,577.69. Following the purchase, the director now directly owns 3,497,763 shares in the company, valued at $135,328,450.47. The disclosure for this purchase can be found here. Corporate insiders own 4.10% of the company’s stock.
Shares of Nustar Energy L.P. (NS) traded down $0.56 on Tuesday, hitting $30.51. The stock had a trading volume of 190,728 shares, compared to its average volume of 364,689. Nustar Energy L.P. has a 12-month low of $31.06 and a 12-month high of $55.64. The company has a debt-to-equity ratio of 1.77, a quick ratio of 0.33 and a current ratio of 0.36. The stock has a market cap of $2,951.93, a price-to-earnings ratio of 83.50 and a beta of 1.32.
Nustar Energy L.P. (NYSE:NS) last issued its quarterly earnings data on Tuesday, November 7th. The pipeline company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.12). Nustar Energy L.P. had a net margin of 6.09% and a return on equity of 6.89%. The business had revenue of $440.60 million for the quarter, compared to analysts’ expectations of $413.81 million. During the same quarter in the prior year, the company posted $0.49 EPS. The business’s revenue for the quarter was down .2% on a year-over-year basis. research analysts forecast that Nustar Energy L.P. will post 0.88 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 14th. Stockholders of record on Thursday, November 9th will be issued a dividend of $1.095 per share. The ex-dividend date of this dividend is Wednesday, November 8th. This represents a $4.38 annualized dividend and a dividend yield of 14.36%. Nustar Energy L.P.’s dividend payout ratio is presently 1,152.66%.
Several brokerages have issued reports on NS. Stifel Nicolaus reaffirmed a “hold” rating and set a $46.00 target price on shares of Nustar Energy L.P. in a research report on Thursday, August 3rd. Zacks Investment Research raised Nustar Energy L.P. from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub raised Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Citigroup Inc. dropped their target price on Nustar Energy L.P. from $51.00 to $42.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 10th. Finally, Wells Fargo & Company reaffirmed a “market perform” rating and set a $37.00 target price (down previously from $42.00) on shares of Nustar Energy L.P. in a research report on Thursday, November 9th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Nustar Energy L.P. presently has an average rating of “Hold” and an average price target of $42.56.
Nustar Energy L.P. 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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