Investment Centers of America Inc. boosted its stake in Nustar Energy L.P. (NYSE:NS) by 29.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,248 shares of the pipeline company’s stock after buying an additional 1,206 shares during the period. Investment Centers of America Inc.’s holdings in Nustar Energy L.P. were worth $271,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in NS. Morgan Stanley raised its stake in shares of Nustar Energy L.P. by 10.5% in the first quarter. Morgan Stanley now owns 1,922,620 shares of the pipeline company’s stock worth $99,938,000 after buying an additional 182,223 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Nustar Energy L.P. by 180.4% in the fourth quarter. Renaissance Technologies LLC now owns 244,100 shares of the pipeline company’s stock worth $12,156,000 after buying an additional 157,041 shares during the period. Bank of America Corp DE increased its stake in shares of Nustar Energy L.P. by 37.4% in the first quarter. Bank of America Corp DE now owns 380,939 shares of the pipeline company’s stock worth $19,802,000 after buying an additional 103,616 shares during the last quarter. Global X Management Co. LLC increased its stake in Nustar Energy L.P. by 16.2% in the first quarter. Global X Management Co. LLC now owns 363,180 shares of the pipeline company’s stock valued at $18,878,000 after buying an additional 50,626 shares in the last quarter. Finally, Jennison Associates LLC increased its stake in Nustar Energy L.P. by 16.8% in the first quarter. Jennison Associates LLC now owns 263,763 shares of the pipeline company’s stock valued at $13,710,000 after buying an additional 37,893 shares in the last quarter. 45.39% of the stock is currently owned by institutional investors.
Shares of Nustar Energy L.P. (NYSE:NS) traded up 3.12% on Friday, hitting $47.62. The stock had a trading volume of 203,053 shares. The company has a market cap of $4.43 billion, a P/E ratio of 39.00 and a beta of 1.39. Nustar Energy L.P. has a 52-week low of $42.40 and a 52-week high of $55.64. The company has a 50-day moving average of $45.43 and a 200-day moving average of $49.62.
Nustar Energy L.P. (NYSE:NS) last issued its quarterly earnings results on Monday, April 24th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by $0.03. Nustar Energy L.P. had a return on equity of 10.56% and a net margin of 8.19%. The firm had revenue of $487.40 million for the quarter, compared to analyst estimates of $461.85 million. During the same quarter last year, the firm earned $0.57 earnings per share. The company’s revenue was up 20.1% compared to the same quarter last year. On average, equities analysts anticipate that Nustar Energy L.P. will post $1.74 EPS for the current fiscal year.
NS has been the topic of several analyst reports. Stifel Nicolaus cut their target price on Nustar Energy L.P. from $52.00 to $46.00 and set a “hold” rating on the stock in a research report on Tuesday, April 25th. FBR & Co reissued a “hold” rating on shares of Nustar Energy L.P. in a research report on Wednesday, April 12th. Credit Suisse Group upgraded Nustar Energy L.P. from an “underperform” rating to a “neutral” rating in a research note on Thursday, April 13th. Macquarie began coverage on Nustar Energy L.P. in a research note on Friday, April 21st. They issued a “neutral” rating and a $47.00 target price on the stock. Finally, Wells Fargo & Company upgraded Nustar Energy L.P. from a “market perform” rating to an “outperform” rating in a research note on Friday, April 21st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $50.78.
In related news, Director William E. Greehey acquired 323,600 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The shares were purchased at an average price of $46.35 per share, with a total value of $14,998,860.00. Following the completion of the acquisition, the director now owns 3,397,763 shares in the company, valued at $157,486,315.05. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William Grady Rosier purchased 5,000 shares of Nustar Energy L.P. stock in a transaction on Friday, May 19th. The stock was acquired at an average cost of $46.40 per share, for a total transaction of $232,000.00. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 329,600 shares of company stock worth $15,273,670. 4.10% of the stock is owned by insiders.
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.
Receive News & Ratings for Nustar Energy L.P. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nustar Energy L.P. and related companies with our FREE daily email newsletter.