ValuEngine cut shares of NuStar Energy (NYSE:NS) from a hold rating to a sell rating in a report issued on Friday.
Several other research analysts have also commented on the stock. UBS Group dropped their price target on shares of NuStar Energy from $50.00 to $43.00 and set a buy rating on the stock in a research note on Tuesday, October 17th. Citigroup upgraded shares of NuStar Energy from a neutral rating to a buy rating and set a $33.00 price target on the stock in a research note on Tuesday, December 5th. Mizuho restated a hold rating and set a $47.00 price target on shares of NuStar Energy in a research note on Friday, October 20th. Stifel Nicolaus restated a hold rating and set a $42.00 price target on shares of NuStar Energy in a research note on Thursday, October 12th. Finally, Barclays dropped their price target on shares of NuStar Energy from $44.00 to $40.00 and set an equal weight rating on the stock in a research note on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $37.67.
NuStar Energy (NS) opened at $32.24 on Friday. NuStar Energy has a 12 month low of $26.21 and a 12 month high of $54.99. The company has a market cap of $2,999.38, a price-to-earnings ratio of 84.84 and a beta of 1.19. 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 company also recently announced a quarterly dividend, which will be paid on Tuesday, February 13th. Investors of record on Thursday, February 8th will be paid a $1.095 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $4.38 dividend on an annualized basis and a yield of 13.59%. NuStar Energy’s payout ratio is presently 1,152.66%.
Large investors have recently bought and sold shares of the stock. Citigroup Inc. grew its stake in NuStar Energy by 443.8% in the 2nd quarter. Citigroup Inc. now owns 19,668 shares of the pipeline company’s stock valued at $918,000 after buying an additional 16,051 shares during the last quarter. Ameriprise Financial Inc. grew its stake in NuStar Energy by 42.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 17,282 shares of the pipeline company’s stock valued at $806,000 after buying an additional 5,131 shares during the last quarter. Rockefeller Financial Services Inc. acquired a new position in NuStar Energy in the 3rd quarter valued at $765,000. ING Groep NV grew its position in NuStar Energy by 95.8% in the 3rd quarter. ING Groep NV now owns 494,512 shares of the pipeline company’s stock worth $20,072,000 after purchasing an additional 242,000 shares during the last quarter. Finally, Adams Asset Advisors LLC grew its position in NuStar Energy by 4.4% in the 3rd quarter. Adams Asset Advisors LLC now owns 154,910 shares of the pipeline company’s stock worth $6,287,000 after purchasing an additional 6,507 shares during the last quarter. Institutional investors and hedge funds own 57.62% of the company’s stock.
NuStar Energy 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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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