Fiduciary Financial Services of The Southwest Inc. TX reduced its position in shares of NuStar Energy L.P. (NYSE:NS) by 3.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,034 shares of the pipeline company’s stock after selling 883 shares during the quarter. Fiduciary Financial Services of The Southwest Inc. TX’s holdings in NuStar Energy were worth $566,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently bought and sold shares of NS. OppenheimerFunds Inc. grew its position in NuStar Energy by 32.3% during the third quarter. OppenheimerFunds Inc. now owns 11,781,549 shares of the pipeline company’s stock valued at $327,527,000 after acquiring an additional 2,873,964 shares during the period. Neuberger Berman Group LLC lifted its position in shares of NuStar Energy by 345.2% during the third quarter. Neuberger Berman Group LLC now owns 3,033,745 shares of the pipeline company’s stock valued at $84,339,000 after purchasing an additional 2,352,353 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of NuStar Energy by 31.4% during the third quarter. Alps Advisors Inc. now owns 8,621,448 shares of the pipeline company’s stock valued at $239,676,000 after purchasing an additional 2,057,744 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of NuStar Energy during the third quarter valued at about $36,035,000. Finally, Tortoise Capital Advisors L.L.C. lifted its position in shares of NuStar Energy by 18.8% during the third quarter. Tortoise Capital Advisors L.L.C. now owns 2,918,079 shares of the pipeline company’s stock valued at $81,123,000 after purchasing an additional 461,705 shares in the last quarter. Institutional investors own 59.75% of the company’s stock.
Shares of NS traded up $0.09 during mid-day trading on Friday, reaching $26.28. The company’s stock had a trading volume of 523,052 shares, compared to its average volume of 534,422. The firm has a market cap of $2.83 billion, a price-to-earnings ratio of 39.22 and a beta of 1.76. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.79 and a current ratio of 0.87. NuStar Energy L.P. has a 52 week low of $19.22 and a 52 week high of $29.12.
NuStar Energy (NYSE:NS) last posted its quarterly earnings results on Thursday, January 31st. The pipeline company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.07). NuStar Energy had a net margin of 10.49% and a return on equity of 37.38%. The firm had revenue of $509.31 million for the quarter, compared to the consensus estimate of $463.69 million. As a group, equities research analysts predict that NuStar Energy L.P. will post 1.1 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 13th. Investors of record on Friday, February 8th were issued a dividend of $0.60 per share. The ex-dividend date was Thursday, February 7th. This represents a $2.40 dividend on an annualized basis and a yield of 9.13%. NuStar Energy’s dividend payout ratio is currently 358.21%.
Several equities analysts recently commented on the stock. ValuEngine raised shares of NuStar Energy from a “sell” rating to a “hold” rating in a research note on Wednesday, November 7th. US Capital Advisors reiterated a “hold” rating on shares of NuStar Energy in a research report on Wednesday, January 16th. Zacks Investment Research lowered shares of NuStar Energy from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 21st. UBS Group lowered shares of NuStar Energy from a “buy” rating to a “neutral” rating in a report on Thursday, January 10th. Finally, Bank of America initiated coverage on shares of NuStar Energy in a report on Friday, January 11th. They issued a “neutral” rating and a $27.00 price objective for the company. Ten equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $26.67.
In other NuStar Energy news, SVP Michael Truby sold 6,000 shares of the business’s stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $26.95, for a total transaction of $161,700.00. Following the transaction, the senior vice president now directly owns 45,043 shares of the company’s stock, valued at approximately $1,213,908.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director William E. Greehey acquired 100,000 shares of NuStar Energy stock in a transaction on Monday, December 17th. The shares were bought at an average cost of $22.98 per share, for a total transaction of $2,298,000.00. Following the completion of the transaction, the director now owns 9,058,682 shares in the company, valued at approximately $208,168,512.36. The disclosure for this purchase can be found here. Insiders have sold a total of 19,424 shares of company stock valued at $514,283 over the last quarter. 4.10% of the stock is currently owned by company insiders.
About NuStar Energy
NuStar Energy L.P. engages in the terminalling, storage, and marketing of petroleum products in Texas. The company also engages in the transportation of petroleum products and anhydrous ammonia. It operates through three segments: Pipeline, Storage, and Fuels Marketing. The Pipeline segment transports refined petroleum products, crude oil, and anhydrous ammonia.
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