Nustar Energy L.P. (NYSE:NS) Director Jesse D. Bates purchased 1,000 shares of Nustar Energy L.P. stock in a transaction that occurred on Tuesday, August 1st. The shares were acquired at an average price of $43.34 per share, with a total value of $43,340.00. Following the acquisition, the director now directly owns 7,818 shares of the company’s stock, valued at approximately $338,832.12. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Nustar Energy L.P. (NYSE:NS) traded down 0.23% during midday trading on Friday, reaching $38.22. 250,647 shares of the company’s stock traded hands. The firm has a market cap of $3.56 billion, a PE ratio of 52.50 and a beta of 1.38. The firm’s 50-day moving average is $44.25 and its 200 day moving average is $47.90. Nustar Energy L.P. has a 52-week low of $37.85 and a 52-week 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 for the quarter, missing the consensus estimate of $0.33 by $0.28. Nustar Energy L.P. had a net margin of 6.77% and a return on equity of 8.11%. The company had revenue of $435.49 million for the quarter, compared to analysts’ expectations of $500.83 million. During the same period in the previous year, the firm earned $0.52 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. Equities research analysts expect that Nustar Energy L.P. will post $1.30 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 11th. Stockholders of record on Monday, August 7th were issued a dividend of $1.095 per share. The ex-dividend date of this dividend was Thursday, August 3rd. This represents a $4.38 annualized dividend and a dividend yield of 11.46%. Nustar Energy L.P.’s payout ratio is 608.33%.
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A number of equities research analysts have recently issued reports on the company. BidaskClub cut Nustar Energy L.P. from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. Stifel Nicolaus reduced their price objective on Nustar Energy L.P. from $52.00 to $46.00 and set a “hold” rating for the company in a report on Tuesday, April 25th. Wells Fargo & Company upgraded Nustar Energy L.P. from a “market perform” rating to an “outperform” rating in a report on Friday, April 21st. Zacks Investment Research cut Nustar Energy L.P. from a “hold” rating to a “strong sell” rating in a research note on Monday, August 7th. Finally, Macquarie assumed coverage on Nustar Energy L.P. in a research note on Friday, April 21st. They issued a “neutral” rating and a $47.00 price target for the company. Two analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $51.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company boosted its position in 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 boosted its stake in shares of 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 during the period. Botty Investors LLC purchased a new stake in shares of Nustar Energy L.P. during the second quarter worth about $127,000. Winslow Evans & Crocker Inc. boosted its stake in shares of 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 during the period. Finally, Penserra Capital Management LLC boosted its stake in shares of 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 during the period. 54.13% of the stock is owned by hedge funds and other institutional investors.
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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