Investment Centers of America Inc. boosted its position in shares of Nustar Energy L.P. (NYSE:NS) by 29.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (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 reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in 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 valued at $12,156,000 after buying an additional 157,041 shares in the last quarter. GSA Capital Partners LLP raised its position in Nustar Energy L.P. by 61.2% in the fourth quarter. GSA Capital Partners LLP now owns 20,392 shares of the pipeline company’s stock valued at $1,016,000 after buying an additional 7,741 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Nustar Energy L.P. by 2.3% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,522 shares of the pipeline company’s stock valued at $773,000 after buying an additional 350 shares in the last quarter. CAMG Solamere Management LLC bought a new position in Nustar Energy L.P. during the fourth quarter valued at about $301,000. Finally, Infrastructure Capital Advisors LLC bought a new position in Nustar Energy L.P. during the fourth quarter valued at about $337,000. Institutional investors and hedge funds own 45.39% of the company’s stock.
Shares of Nustar Energy L.P. (NYSE:NS) traded down 1.68% during mid-day trading on Monday, hitting $44.51. The stock had a trading volume of 356,695 shares. Nustar Energy L.P. has a 52 week low of $43.41 and a 52 week high of $55.64. The stock has a 50 day moving average price of $46.07 and a 200 day moving average price of $49.86. The firm has a market cap of $4.14 billion, a PE ratio of 36.45 and a beta of 1.39.
Nustar Energy L.P. (NYSE:NS) last announced its quarterly earnings results on Monday, April 24th. The pipeline company reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.03. The firm had revenue of $487.40 million during the quarter, compared to the consensus estimate of $461.85 million. Nustar Energy L.P. had a return on equity of 10.56% and a net margin of 8.19%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.57 EPS. Equities research analysts expect that Nustar Energy L.P. will post $1.87 EPS for the current fiscal year.
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Several research analysts have issued reports on the company. BidaskClub upgraded Nustar Energy L.P. from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Macquarie assumed coverage on Nustar Energy L.P. in a research note on Friday, April 21st. They set a “neutral” rating and a $47.00 price objective for the company. 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. Stifel Nicolaus dropped their price objective on Nustar Energy L.P. from $52.00 to $46.00 and set a “hold” rating for the company in a research note on Tuesday, April 25th. Finally, FBR & Co reiterated a “hold” rating on shares of Nustar Energy L.P. in a research note on Wednesday, April 12th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $50.40.
In other Nustar Energy L.P. news, Director William Grady Rosier purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 19th. The stock was bought at an average cost of $46.40 per share, with a total value of $232,000.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William E. Greehey purchased 323,600 shares of the firm’s stock in a transaction that occurred on Wednesday, April 12th. The shares were acquired at an average cost of $46.35 per share, with a total value of $14,998,860.00. Following the completion of the transaction, the director now directly owns 3,397,763 shares of the company’s stock, valued at approximately $157,486,315.05. The disclosure for this purchase can be found here. Corporate insiders own 4.10% of the company’s stock.
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.
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