NuStar Energy L.P. (NS) Shares Sold by Green Square Capital LLC
Green Square Capital LLC decreased its position in NuStar Energy L.P. (NYSE:NS) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,125 shares of the company’s stock after selling 847 shares during the period. Green Square Capital LLC’s holdings in NuStar Energy L.P. were worth $1,998,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA raised its stake in NuStar Energy L.P. by 9,164.6% in the second quarter. BNP Paribas Arbitrage SA now owns 10,469 shares of the company’s stock worth $521,000 after buying an additional 10,356 shares during the last quarter. Babson Capital Management LLC raised its position in shares of NuStar Energy L.P. by 2.6% in the first quarter. Babson Capital Management LLC now owns 43,200 shares of the company’s stock valued at $1,745,000 after buying an additional 1,100 shares in the last quarter. Barclays PLC raised its position in shares of NuStar Energy L.P. by 17.5% in the first quarter. Barclays PLC now owns 144,798 shares of the company’s stock valued at $5,792,000 after buying an additional 21,601 shares in the last quarter. Harvest Fund Advisors LLC raised its position in shares of NuStar Energy L.P. by 10.1% in the first quarter. Harvest Fund Advisors LLC now owns 2,823,680 shares of the company’s stock valued at $114,077,000 after buying an additional 259,738 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its position in shares of NuStar Energy L.P. by 32.6% in the first quarter. Goldman Sachs Group Inc. now owns 2,984,092 shares of the company’s stock valued at $120,558,000 after buying an additional 732,881 shares in the last quarter.
NuStar Energy L.P. (NYSE:NS) traded up 3.28% during midday trading on Wednesday, reaching $45.96. The company’s stock had a trading volume of 397,232 shares. NuStar Energy L.P. has a 1-year low of $25.65 and a 1-year high of $53.47. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 19.48 and a beta of 1.25. The company’s 50-day moving average price is $47.69 and its 200-day moving average price is $46.87.
NuStar Energy L.P. (NYSE:NS) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.02. The business had revenue of $437.80 million for the quarter, compared to analysts’ expectations of $432.50 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. NuStar Energy L.P.’s revenue for the quarter was down 23.3% compared to the same quarter last year. On average, analysts predict that NuStar Energy L.P. will post $2.18 earnings per share for the current fiscal year.
NS has been the subject of several research analyst reports. FBR & Co initiated coverage on NuStar Energy L.P. in a report on Friday, September 9th. They issued a “market perform” rating and a $48.00 price objective for the company. Stifel Nicolaus raised NuStar Energy L.P. from a “hold” rating to a “buy” rating and set a $49.00 price objective for the company in a report on Tuesday, September 13th. They noted that the move was a valuation call. Simmons reissued a “neutral” rating and issued a $47.00 price objective (up from $46.00) on shares of NuStar Energy L.P. in a report on Saturday, June 25th. Citigroup Inc. raised NuStar Energy L.P. from a “neutral” rating to a “buy” rating and increased their price objective for the company from $51.00 to $52.00 in a report on Friday, August 12th. Finally, Credit Suisse Group AG downgraded NuStar Energy L.P. from a “neutral” rating to an “underperform” rating and increased their price objective for the company from $46.00 to $47.00 in a report on Wednesday, August 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. NuStar Energy L.P. currently has an average rating of “Hold” and an average target price of $45.11.
In other news, Director William E. Greehey purchased 20,000 shares of the stock in a transaction dated Thursday, August 11th. The stock was acquired at an average cost of $48.80 per share, for a total transaction of $976,000.00. Following the acquisition, the director now owns 3,029,990 shares of the company’s stock, valued at $147,863,512. The acquisition was disclosed in a filing with the SEC, which is available at this link.
About NuStar Energy L.P.
NuStar Energy L.P. is engaged in the transportation of petroleum products and anhydrous ammonia; the terminaling and storage of petroleum products, and the marketing of petroleum products. The Company’s operating 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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