UBS AG Lowers Nustar Energy L.P. (NS) Price Target to $43.00

Nustar Energy L.P. (NYSE:NS) had its target price trimmed by UBS AG from $50.00 to $43.00 in a research note published on Tuesday, October 17th, 99wallstreet.com reports. The firm currently has a buy rating on the pipeline company’s stock.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus restated a hold rating and set a $46.00 price target on shares of Nustar Energy L.P. in a research report on Thursday, August 3rd. Zacks Investment Research upgraded shares of Nustar Energy L.P. from a strong sell rating to a hold rating in a research report on Wednesday, July 19th. Wells Fargo & Company lowered shares of Nustar Energy L.P. from an outperform rating to a market perform rating in a research report on Monday, July 17th. Citigroup Inc. cut their target price on shares of Nustar Energy L.P. from $51.00 to $42.00 and set a neutral rating for the company in a research report on Tuesday, October 10th. Finally, BidaskClub upgraded shares of Nustar Energy L.P. from a strong sell rating to a sell rating in a research report on Thursday, June 29th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $47.33.

Shares of Nustar Energy L.P. (NYSE:NS) traded up $1.20 during mid-day trading on Tuesday, hitting $33.20. 631,329 shares of the stock traded hands, compared to its average volume of 520,742. The stock has a market capitalization of $2,976.99, a P/E ratio of 44.44 and a beta of 1.32. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.31 and a current ratio of 0.35. Nustar Energy L.P. has a 52 week low of $31.88 and a 52 week high of $55.64.

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The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 14th. Shareholders of record on Thursday, November 9th will be paid a dividend of $1.095 per share. This represents a $4.38 annualized dividend and a dividend yield of 13.19%. The ex-dividend date of this dividend is Wednesday, November 8th. Nustar Energy L.P.’s dividend payout ratio (DPR) is presently 608.33%.

In related news, Director William E. Greehey purchased 43,101 shares of the business’s stock in a transaction that occurred on Thursday, August 24th. The shares were acquired at an average price of $38.69 per share, for a total transaction of $1,667,577.69. Following the completion of the acquisition, the director now directly owns 3,497,763 shares in the company, valued at approximately $135,328,450.47. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William E. Greehey bought 6,899 shares of the company’s stock in a transaction dated Wednesday, August 23rd. The shares were acquired at an average price of $38.61 per share, for a total transaction of $266,370.39. Following the acquisition, the director now owns 3,454,662 shares in the company, valued at approximately $133,384,499.82. The disclosure for this purchase can be found here. Insiders bought 100,000 shares of company stock worth $4,026,948 in the last 90 days. Company insiders own 4.10% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan raised its position in shares of Nustar Energy L.P. by 10.1% in the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 71,920 shares of the pipeline company’s stock worth $2,919,000 after purchasing an additional 6,570 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new position in Nustar Energy L.P. in the 3rd quarter worth about $217,000. Global X MANAGEMENT CO LLC raised its position in Nustar Energy L.P. by 25.8% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 699,130 shares of the pipeline company’s stock worth $28,378,000 after buying an additional 143,471 shares during the last quarter. Alps Advisors Inc. raised its position in Nustar Energy L.P. by 11.3% in the 3rd quarter. Alps Advisors Inc. now owns 6,422,266 shares of the pipeline company’s stock worth $260,680,000 after buying an additional 649,543 shares during the last quarter. Finally, Telemus Capital LLC purchased a new position in Nustar Energy L.P. in the 3rd quarter worth about $609,000. 56.47% 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.

Analyst Recommendations for Nustar Energy L.P. (NYSE:NS)

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